Arizona Community Estate Planning Education Program For Immediate Release: May 28th, 2015 / UPDATE – Now Every Month With Keystone’s Own, Francisco Sirvent Free Chandler, Arizona Community Education Program – Estate Planning 12 Deadly Sins of Estate Planning and How to Avoid Them CHANDLER, AZ – Chandler Estate Planning Attorney, Francisco Sirvent, has a mission…
Once Again, Congress Is At Work To Eliminate The Death Tax That Has Been In Place Since 2013 The Death Tax Repeal Act of 2015, if enacted as it is written, eliminates the federal generation skipping transfer tax, too. Long decried by a super majority of voters—Democrats and Republicans alike–the death or estate tax has…
Congress recently passed the ABLE Act, or more formally known as the “Achieving a Better Life Experience Act of 2014.” The Stated Purpose Of This Act Is: (1) To encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life.…
Have You Heard Of Anyone Putting Their Adult Child On Their Bank Account? Usually it is done with the idea that if something happens to them, the child will have immediate access to some funds to pay bills or travel costs. You know who else loves this type of planning? Your child’s creditors. The largest…
President Obama Has Filed His FY2015 Budget Proposal. This budget includes a significant change to the annual gift exclusion per donor and donee to a yearly cap of $50,000 TOTAL annual gift exclusion per donor. Current law allows $14,000 annual gift exclusion per donor to a specific donee (person receiving a gift). This proposal would…
When leaving an inheritance in a trust for beneficiaries’ lifetime, the money or property you leave them can be protected from their own creditors, lawsuits, bankruptcy, and even divorce. When using this option, however, you must consider who the trustee of that trust will be during the beneficiary’s life. Categorically Speaking There Are Only Three…
In Case You Need To Know The Dates Of Eligibility For The VA Improved Pension Benefit Under Current Law, VA Recognizes The Following Wartime Periods To Determine Eligibility For VA Pension Benefits: World War I (April 6, 1917 – November 11, 1918) World War II (December 7, 1941 – December 31, 1946) Korean conflict (June…
Ever Felt Like You Were Cheated In A Purchase? Or like something was hidden from you? Arizona law protects buyers from “defraud”. But what is defraud, legally speaking? A recent case from our Appellate Court explained it this way: “When one is asked a question that fairly calls for disclosure of a material fact, he…
A new case from the 9th Circuit reveals a huge pitfall when using beneficiary deeds in Arizona: there is no protection for beneficiaries who enter bankruptcy. Jones v. Mullen (BAP 9th Cir. 2/5/14). A beneficiary deed is a deed prepared by the owner of any real estate property in Arizona and designates who will own…
Arizona May Be Stepping Up Prohibition On Texting-While-Driving A new bill was introduced to outlaw texting while driving for those drivers age 16 or 17. HB2359 – TEENAGE DRIVERS; COMMUNICATION DEVICES PROHIBITED Prohibits drivers under the age of 18 from driving a motor vehicle while using a wireless communication device, except during an emergency if…