Archive for the ‘Articles’ Category

Is It Time to Update Your Estate Plan?

Is it Time to Update Your Estate Plan                         IS IT TIME TO UPDATE YOUR ESTATE PLAN?             Over the past several years, there has been considerable change in the estate tax area, as well as considerable uncertainty as Congress continued to extend the […]

Custodial Accounts

      CUSTODIAL ACCOUNTS Many individuals have created custodial accounts under the Uniform Transfer to Minor Act (UTMA) or Section 529 College Savings Plan accounts for minor children and/or grandchildren.  In each case, an adult is named as the custodian of the account held for the benefit of the minor child.  This article addresses […]

The Revocable Living Trust

The revocable living trust has been a significant estate-planning tool for many years, and remains the foundation upon which most estate plans are based. For that reason, it is important for people to understand how a revocable living trust works, the advantages of the arrangement and, most importantly, whether the advantages are applicable to their […]

What To Do When A Loved One Dies

The following are some of the important matters that family and friends should attend to when a loved one dies. IMMEDIATE STEPS TO BE TAKEN UPON DEATH Minor Children.   Are there minor children of the decedent who need immediate attention? Organ Transplant.   Determine from the decedent’s drivers license, wallet card, or Health Care […]

Irrevocable Insurance Trusts

Many individuals are surprised to learn that the proceeds from a life insurance policy which they own will be included in their taxable estate for federal estate tax purposes regardless of who is named as beneficiary under the policy. If a surviving spouse is named as beneficiary of a policy, the estate will receive a […]

Liquor Licensing for Non-US Citizens

WHAT FOREIGN INVESTORS CONSIDERING U.S. PROPERTIES THAT MANUFACTURE, SELL OR DEAL WITH LIQUOR NEED TO KNOW ABOUT LIQUOR LICENSING FOR NON-US CITIZENS In August, for the first time ever, metro Phoenix was among the top 10 U.S. markets in terms of foreign investment in commercial-real-estate assets*. A liquor license can be essential to the success of […]

DOL Participant Fee Disclosure Rules

The Department of Labor (“DOL”) recently issued and has now finalized regulations under ERISA §404(a) which are commonly referred to as the “Participant Fee Disclosure Rules” (“Rules”). These Rules require participant-directed qualified retirement plans to issue both an annual participant fee disclosure and quarterly disclosures. For most plans, including calendar year plans, this initial annual […]

Charitable Remainder Trusts

For those individuals with a desire to provide charitable benefits to non-profit organizations, the use of a charitable remainder trust can be a very effective way for a taxpayer to minimize both income and estate taxes, retain the income benefits from contributed property and eventually benefit the taxpayer’s favorite charity. If properly structured, the charitable […]