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August 2019 Archives

Bypass trusts may be a useful tool for estate plans

There are many purposes that well-drafted estate plans can serve, including protecting assets from certain taxes. For married couples with considerable assets, bypass trusts may play a beneficial role when incorporated in their plans. Arizona residents may find that these trusts can ensure that taxes are controlled and surviving spouses and their heirs are provided for in the manner they desired.

Estate planning is about a lot more than limiting tax liabilities

The Tax Cut and Jobs Act of 2017 made some major changes to the Internal Revenue Code. Since it significantly increased the exemption amounts for the estate and gift taxes, it made the need to engage in estate planning for tax purposes a less pressing issue for the majority of people. However, there are still many reasons why Arizona residents may consider drafting these important plans. 

Who keeps the house in Arizona divorce?

Divorce is rarely an easy process, but it can prove quite difficult for couples who must divide up significant assets, especially real estate. Owning a home is a strong step you may take as you build your assets, but when divorce comes knocking, determining which spouse keeps a marital home is often a major stumbling block along the way to a fair property division agreement.

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