Estate planning is an essential procedure that helps people to safeguard their legacy, take care of their loved ones, and preserve their assets. Knowing and putting into practice a thorough estate plan can provide Phoenix residents with financial security and peace of mind for future generations. This article will discuss the value of estate [...]
Estate planning is often considered something only the wealthy or elderly need to worry about, but this couldn’t be further from the truth. Whether you're just starting your career, building a family, or nearing retirement, estate planning is essential for every adult in Arizona. Having a successful estate planning strategy in place ensures that [...]
Regardless of age, wealth, or income, estate planning—which includes creating a revocable living trust and a last will and testament—is an essential procedure that everyone should go through. It’s a means to ensure that your financial and personal affairs are handled according to your preferences through meticulous estate planning, and it provides peace of [...]
Are you prepared to secure your future in Arizona? Discover the top ten compelling reasons why estate planning in Arizona stands out as the most intelligent choice for safeguarding what matters most to you. From protecting your assets to ensuring your loved ones are provided for, estate planning offers a comprehensive solution. By understanding [...]
Published 11/04/2022 Dyer Bregman & Ferris, PLLC and Wong & Carter, PC are pleased to announce the merger of their law firms. As Dyer Bregman Ferris Wong & Carter, PLLC (DBFW&C), the new firm will continue to provide the highest quality legal services for which its predecessor organizations have become well known over the [...]
Once an irrevocable trust has been finalized it cannot be terminated, whether that occurs upon the grantor’s death or during their life. Set up with the help of a trust and probate attorney, trust account rules state that once property is placed into an irrevocable trust account it cannot be retrieved by the grantor. A [...]
With the recent news that TurboTax will no longer allow electronic filing of state tax returns because of the high incidence of fraud stemming from identity fraud, you may find the 2 fact sheets released by the IRS on January 26, 2015 interesting. Click on the following links to read the fact sheets: FS #1 [...]
I usually refrain from commenting about proposals making changes to the tax code that, in my opinion, have no chance of passing in the current Congress. But I am making an exception in this case because within the majorly flawed proposal is a kernel of truth that is intriguing. As background, you should be aware [...]
In Clark v. Rameker, the United States Supreme Court recently (June 2014) decided that inherited IRAs were not entitled to bankruptcy protection under the federal bankruptcy code. Although inherited IRAs continue to remain protected in bankruptcy under the Arizona exemption laws, many descendants inheriting IRAs from Arizona decedents may live outside Arizona and their inherited [...]