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New Perils of Arizona Beneficiary Deeds

I first wrote about using an Arizona beneficiary deed to avoid probate on November 13, 2012. A recent decision of the Ninth Circuit Bankruptcy Appellate Panel reveals a major shortcoming that should affect the popularity of beneficiary deeds.  In Jones v. Mullen, BAP No. AZ-12-1644-DPaKu, the panel decided that the debtor’s interest in real property [...]

Should I Use A Beneficiary Deed?

Arizona was the first state to recognize beneficiary deeds as a method of transferring property at death.  At the time this article is written, Arizona has been joined by 16 other jurisdictions and the list is growing larger.  Why is it so popular? A beneficiary deed allows you to retain ownership of your property [...]

2020-07-31T10:24:13-07:00Estate Planning|

Planning For After The First Death

A comprehensive estate plan includes understanding what steps will be required when you or your spouse dies.  Tax planning advantages and the intended distribution of wealth to your loved ones takes place in stages and certain opportunities will be lost unless the proper plan is in effect when the first spouse passes away.  This [...]

Planning For Incapacity

Planning for incapacity involves understanding how incapacity might occur and a commitment to having a current plan. Often considered crucial only for end of life planning or for diminished capacity, dementia, or Alzheimer’s Disease, planning is most important if you become incapacitated due to an accident, injury, disease, or other medical condition.  As with all [...]

2020-07-31T10:25:15-07:00Estate Planning|

The Continuing Series On The Complete Guide To Estate Planning – Part 4 – Wealth Transition

Warning – The following are general comments for educational purposes and not intended as legal advice.  No client attorney relationship is intended and you should consult an attorney about your specific circumstances before taking any action in reliance on the general information presented in this posting. This is the third part of the life time [...]

2018-05-17T09:26:22-07:00Estate Planning|

Introduction To Arizona Estate Planning

Welcome to a new multi-part serial presentation of what effective estate planning looks like. Because many common estate planning issues are best handled using a trust based estate plan whose centerpiece is a revocable living trust, trust planning has become common place.  Nevertheless, many people new to estate planning begin with commonly held misconceptions.  [...]

2020-07-31T10:37:17-07:00Estate Planning|

Estate Tax Reforms Is Coming

We don’t know when, but we do know estate and gift tax reform is coming sometimes in the next 13 months.  There are almost as many plans as there are Senators, but one of the most comprehensive and regressive is The “Sensible Estate Tax Act of 2011” introduced November 17, 2011 by Congressman Jim [...]

2020-07-31T10:38:54-07:00Estate Planning|