Recently, a New Mexico judge ruled that competent, terminally ill patients have the right to engage with a doctor to end their lives. The ruling was issued by Judge Nan Nash after a two day trial. The decision makes New Mexico the fifth state in the nation to allow doctors to assist terminally ill … [Read more...] about New Mexico Legal Update – Right to Die
Most people approach estate planning with an enthusiasm ordinarily reserved for a trip to the dentist: you know it’s necessary, but it’s not something you’re eager to do. The thought that needs to be put into your life, and end-of-life, wishes can be overwhelming. Although confronting your … [Read more...] about Estate Planning Misconceptions: Five Things to Avoid, By Andrea Claus, Phoenix Estate Planning Attorney
When I was young, it would drive my parents crazy when I would seek, then follow, the advice of my friends. More often than not, listening to my friends made my situation worse. Although I believe that my friends had my best interests in mind, their good intentions did not make up for their lack of … [Read more...] about Need Advice? Go to the Right Source by Darren Richardson, Phoenix Estate Planning Attorney
Let’s imagine for a moment that a complete stranger walks up to you and poses the following question: “If I were willing to give up ten thousand dollars, and I wanted you to have it, would you rather own that money or be in control of it?” How would you respond? Now lets take that one major step … [Read more...] about Is it better to own or control?
Considering that America is the most litigious society in the world, and there are over 18 million lawsuits filed in our court systems every year, it is no wonder that many of my clients are coming in these days wondering how they can protect their assets from some of these unjustified … [Read more...] about Protecting your Assets in Today's Litigious Society
Many small business owners have failed to implement estate planning for their business. The owner may feel that it is unnecessary, too costly too create or as something that can be delayed until later. Unfortunately, your failure to plan could result in the failure of the business, loss of its … [Read more...] about Will Your Small Business Survive Your Death?
A Family Limited Partnership (FLP) is merely a traditional limited partnership where all the partners are family members. All limited partnerships have one thing in common – they are only run by general partners. No limited partner has any vote or voice in the running of the partnership … [Read more...] about Ins & Outs of Family Limited Partnerships
Family limited partnerships can be very effective estate planning tools. The unique status that limited partnerships occupy under state law, and the flexibility afforded partnerships in the income tax area make limited partnerships an attractive device in many family planning situations, … [Read more...] about There Are Many Benefits to Creating a Family Limited Partnership
The deadline for annual reports in Arizona is fast approaching. Most states or jurisdictions require specific business types to produce said annual report within a specific time period. Arizona statute requires an annual report be filed for limited liability partnerships and limited liability … [Read more...] about Deadline for Annual Reports is Rapidly Approaching
Small business owners make up 90% of all businesses in the United States today. Of that 90%, 17 million are family-run businesses. Small businesses make up 60% our workforce and produce 64% of the gross domestic product of the United States. Needless to say, they play a significant role in our … [Read more...] about Small Businesses in the United States