IRA Required Minimum Distributions and Charity

You may have heard that, upon reaching 70½ years of age, we are required to begin withdrawing portions of our traditional IRAs on an annual basis. These Required Minimum Distributions (“RMDs”) are distributed regardless of whether the plan owner actually needs the money to supplement other income sources. These RMDs are always reported via tax [...]

2017-03-30T15:08:46+00:00March 30th, 2017|IRA|0 Comments

“Purposeless” Life Insurance Is Valuable

Oftentimes, the original purpose of a life insurance policy no longer seems relevant. The purchase may have been to ensure your children can go to college even if you die. Alternatively, it may have been to replace your salary if you died early but now you are retired and no longer receive a salary. The [...]

2017-03-21T11:04:33+00:00March 21st, 2017|Current Affairs|0 Comments

3 Reasons You Want to Avoid Probate

When you pass away, your family may need to visit a probate court in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) solely in your individual name. Although having a will is a good basic form of planning, a will [...]

2017-03-01T14:15:55+00:00March 1st, 2017|Preventing Estate Challenges|0 Comments

Should You Act As Personal Representative?

There may be a time where you are asked by a family member or friend to serve as the executor, which in Arizona is called a personal representative (hereafter, “PR”), of their estate. The question is, should you? While an honor to be asked, acting as PR is a time-consuming, detailed job with many obligations [...]

2017-02-16T16:16:28+00:00February 16th, 2017|Preventing Estate Challenges|0 Comments

Wills vs. Trusts: A Quick & Simple Reference Guide

Confused about the differences between wills and trusts?  If so, you’re not alone. While it’s always wise to contact experts like us, it’s also important to understand the basics. Here’s a quick and simple reference guide: What Revocable Living Trusts Can Do – That Wills Can’t Avoid a conservatorship and guardianship. A revocable living trust [...]

2017-02-09T15:34:37+00:00February 9th, 2017|Trusts, Wills|1 Comment

Who Needs Asset Protection?

There is a common misconception that only crooks or the super wealthy need asset protection. In reality, everyday people should have asset protection planning. Comprehensive estate planning can protect you from each of these dangers that otherwise may cause the loss of some or all of your estate: Spendthrift Beneficiaries: Studies show that we do [...]

2017-02-01T14:41:22+00:00February 1st, 2017|Assests|0 Comments

Why Homemade Wills Do Not Work

Drafting your own will or using a form that you purchased online to create a will, might seem like a good idea that will save you money. However, those wills often fail to do much more than create large legal bills in probate. Wills often sound like simple legal documents. In a sense, they are. [...]

A Charitable Legacy Requires Planning

If you want to be remembered for charitable giving, then you should get started with an estate plan. At this time of year, it can seem like giving to charity is something done with little forethought. It can require no more than dropping loose change in a bell ringer's bowl at the grocery store or [...]

2016-12-28T01:53:11+00:00December 17th, 2016|Trusts|0 Comments