Have you been in to visit an estate planning attorney to update your Arizona Healthcare Power of Attorney in the last few years? If the answer is yes, you should confirm that the Power conforms to the recent statutory provisions relating to dispositions of remains choices. An updated Arizona … [Read more...] about CREMATION – HOW CAN I PLAN FOR IT?
You have taken the time and have created a living trust, but you may be asking-- what happens next? The creation of your Revocable Living Trust involved some very important decisions – naming the individual(s) to be in charge of your healthcare and financial decisions; deciding who shall receive … [Read more...] about I’ve Created a Revocable Living Trust – Now What?
As part of the Trust Administration department at Morris Hall, I work with successor trustees on a daily basis. More often than not, a close family member is chosen to serve as successor trustee. When this is the case, there are benefits as well as drawbacks. The benefits often include an … [Read more...] about Choosing the Right Successor Trustee
One component of a Trust Administration is the collection of values for all assets owned by a decedent at his or her date of death. Often, one of the highest valued assets in an estate is an interest in real property. An accurate valuation of this interest is important for several reasons and … [Read more...] about Valuing Real Estate in an Estate Administration
Setting up an estate plan requires thoughtful consideration of your lifetime needs and desires, the legacy you wish to leave, who will receive your assets, and your choice of successor trustee- the person to administer your estate upon your passing. Trust administration can be rather complicated. … [Read more...] about Steps in Trust Administration
I recently had the good fortune of meeting some very great people. Granted, in my role as an attorney at Morris Hall, I get to meet neat people all the time. These were different because they were all siblings, and they had just lost their mom. It was a blessing, in a way, because mom had been … [Read more...] about Estate Planning Isn't Just for You – It's for the Ones You Love
In most cases, when an asset is passed on to a beneficiary, its value is more than when the original owner acquired it. For heirs of individuals who die after 2010, the federal income tax basis of inherited capital-gain assets (such as real estate and stock) can be stepped up to reflect the fair … [Read more...] about The Basics of Basis – and How it Minimizes Capital Gains Tax
I have met with a number of clients over the past few months who are going through “nightmare” situations with the administration of a family member’s or close friend’s estate. Every last one of them have said it could have been avoided with proper planning – which is true! Not only are they … [Read more...] about Get a Plan in Place TODAY – Not Tomorrow, Not Next Week…
Dealing with the death of a loved is never easy. The most important thing anyone can do during this very emotional time is take the time to grieve and surround yourself with loved ones. We always tell our clients that when things have calmed down a bit, and all of the family matters have been taken … [Read more...] about What Happens To Your Trust When You Die?
Thursday, July 19th, 2012 2:00pm-4:00pm The Before and After of a Living Trust Friendship Village Tempe 2645 East Southern Avenue Tempe, AZ 85282 (Click here for a Googlemap) At this presentation we will discuss: The ins& outs of the Medicare system What options are available for your … [Read more...] about Seminar in Tempe, AZ: The Before and After of a Living Trust – July 19th