New Tax Law – What’s Changing? Part of being a TrustCare© client at Keystone means you have the comfort of knowing our attorneys are monitoring certain federal and state law changes and how they may impact your estate plan. In 2018, the Tax Cuts and Jobs Act (The Act) became effective containing many changes to the…
Sometimes we need to trust someone else to act on our behalf. Perhaps we need help because of medical conditions, legal situations that require expertise we don’t have, or even someone to represent our estates after our death. Many of us will need a fiduciary to act on our behalf at some point in our…
New Tax Reform Bill In every election cycle, it seems like American taxpayers ask lawmakers for tax reform. Let’s face it, none of us want to pay more tax than we absolutely must. In fact, many of us try to take every deduction available to us when filing our annual tax returns. Taxpayers with chronic,…
Being able to give your loved one the care they need is rewarding. But it can be expensive too. Many family caregivers rack up bills providing assistance with daily activities, prescriptions, skilled nurses, and so on. In 2017, the Arizona legislature considered a bill that would offer caregivers a tax credit. Arizona Family Caregiver Tax…
You’ll read about it every day. Another person has fallen victim to a scam or their identity has been stolen. It can take years to remove inaccurate information from creditor reports. Even worse, someone may steal your hard-earned nest egg. Understanding identity theft and other scams can help you avoid becoming a victim. Be Careful…
Lower Taxes? It’s Happening! In 2016, American taxpayers made one message loud and clear: it’s time to deflate our bloated tax code. Actions in D.C. have raised expectations for many Americans that upcoming tax reform will lower their tax burden. Goals President Trump campaigned on many issues, including the need for tax reform that lowered…
I’m An Out Of State Executor – What Do I Do? When someone dies they don’t take their possessions or money with them. Instead, their property is distributed according to the terms of their Will, trusts, and other estate planning documents. An executor takes on the responsibility of fulfilling the last wishes of a deceased…
Learning estate planning is quite a bit different than learning to replace a spigot on You-Tube. With so much information available online today from learning home repair hacks and even publishing your own book, it is tempting to try to do this for yourself. Making an appointment to see an attorney is hardly at the…
Estate Tax Repeal In Arizona – Is It Possible? The small percent of people in this country whose assets would be subject to the US estate tax have been waiting for a Republican president for eight years who could finally repeal this tax. While getting this accomplished is still a difficult task with any president,…
Getting A Valuation Adjustment For Certain Family Owned Businesses Has Been A Critical Planning Strategy In Avoiding An Estate Tax After Someone’s Death Well…the IRS is proposing to eliminate that strategy. Just yesterday, in the Federal Register, the IRS proposed new regulations that would all but eliminate valuation adjustments. This would apply to business entities,…