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Estate Administration Services | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Following is a list of the major services provided by Arizona Estate and Trust Law, PLC. In administering probate estates or revocable living trusts following an individual’s death:. Advising the client of his or her administrative responsibilities in serving as the personal representative of a decedent’s probate estate or as the trustee of the new trusts created in accordance with the provisions of the decedent’s trust agreement. Advising the client on the client’s options (and th...
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Estate and Gift Taxes | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Estate and Gift Taxes. Estate and Gift Taxes. 2010 Tax Law Changes:. 2013 Tax Law Changes:. For more information on the 2013 tax law changes. 2014 Tax Law Changes:. The estate and gift tax exclusion amount were increased to $5,340,000. The gift tax annual exclusion for gift taxes remains at the 2013 level of $14,000. 2015 Tax Law Changes:. The estate and gift tax exclusion amount were increased to $5,430,000. 2016 Tax Law Changes. Legal News & Views. What is a Trust Protector?
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Why Estate Planning is Necessary? | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Why Estate Planning is Necessary? Why Estate Planning is Necessary. Importance of Estate Planning. Estate planning is necessary if you want to protect your loved ones from experiencing unnecessary expenses and complications if you were to die or become incapacitated. The reason many people do not plan their end-of-life choices is because they believe it is too complicated and costly to do so. Therefore, let’s address these two reasons. 8211; Have you ever considered what would happ...
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Getting Started with Estate Planning | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Getting Started with Estate Planning. Getting Started with Estate Planning. Information and Documents Needed. To plan an estate the most important item needed is information. Following is a checklist of the information generally needed when getting started with estate planning:. Current and fairly detailed financial statement listing major assets and liabilities. Deeds, sales contracts, leases, and other relevant documents for all real estate owned or being acquired. Contact inform...
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Estate Administration Fees and Costs | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Estate Administration Fees and Costs. Estate Administration – Fees and Costs. How Fees and Costs are Determined. Estate administration fees and costs, and exactly what services are covered by those fees, are entirely dependent on the asset composition of the decedent’s estate and the documents governing the disposition of the decedent’s assets. Arizona Estate and Trust Law’s. Arizona Estate and Trust. An initial consultation with Arizona Estate and Trust Law. Legal News & Views.
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Living Trusts | Arizona Estate and Trust Law, Plc
http://arizonaestateandtrustlaw.com/estate-planning/living-trusts
Estate and Gift Taxes. Living Trusts – Is one right for you? Essential Elements of a Trust. A living trust (also known as an. 8220;Will Substitute”. A Will Still Necessary. Trusts Not Always Cost-Effective. Taxation of Revocable Trusts. Legal News & Views. Arizona Revised Uniform Fiduciary Access to Digital Assets Act. 2016 Changes to Estate Tax, Gift Tax, and Generation-Skipping Transfer Tax Laws. What is a Trust Protector? 2015 Changes to Estate Tax, Gift Tax, and Generation-Skipping Transfer Tax Laws.
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FAQs | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Frequently Asked Questions Regarding Arizona Law. Do I need a Will? Probably the only person who does not need a Will is an unmarried person without children who doesn’t care who ends up with his or her assets following their death. As to why all other individuals should have a Will consider the following:. What is a “Qualified” Beneficiary under Arizona law? 1) The surviving wife receives all of the trust income and discretionary distributions of trust principal. 2) When the wife ...
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Marital Deduction | Arizona Estate and Trust Law, Plc
http://arizonaestateandtrustlaw.com/taxes/marital-deduction
Estate and Gift Taxes. To Be Used Wisely. The marital deduction is the most commonly used method of avoiding or minimizing estate and gift taxes on property transfers between spouses. As indicated by the word “marital,” this deduction is limited to spousal transfers. There are two types of transfers between spouses that qualify for the marital deduction. Examples of this “restricted” transfer are:. A husband dying with a Will transferring property in trust for his wife for her lifetime but prohibiting th...
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Estate Administration – Getting Started | Arizona Estate and Trust Law, Plc
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Estate and Gift Taxes. Estate Administration – Getting Started. Estate Administration – Getting Started. The key to a successful estate administration is the same as is required to planning an estate. That key is providing the attorney with all of the necessary information. Without the necessary information, no one can intelligently proceed to correctly handle a decedent’s final affairs. Following is a checklist of the information generally needed by the decedent’s survivors and the attorney:. Most recen...