Quick Intro Earlier this year the House passed the SECURE Act, which makes changes to IRA rules that will significantly impact how IRA’s can be used as an estate planning tool and wealth transfer vehicle. In short, the SECURE Act no longer allows for a savvy planner (through the assistance of an estate planning [...]
Introduction In this beginner's guide article I will explain why you need to fund your Revocable Living Trust, and how to do it. First, let's clarify two things to make sure you don't get lost and get the most out of this article. What is a Trust Again? A Revocable Living Trust (from here [...]
LLC Interests Are Personal Property If you own a Limited Liability Company (LLC), or an interest in an LLC, then you should seriously consider transferring your LLC into your Trust. Under Arizona law, an LLC interest is treated as personal property. If you own personal property when you pass away, then your estate will [...]
Getting Started For many people who are named successor trustees of a friend or family member's trust, acting as trustee is a new experience that can be daunting. In this article I will provide an overview of the main steps required to settle a revocable trust after the settlor dies. Of note, this article [...]
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