There is a flurry at the State Capitol. It’s a new year, and we have a new legislative session. What are the odds that any single bill will be passed with a 100% vote from both sides of the aisle? What are the chances that every citizen will be thrilled, or at least pleased, with any piece of legislation?
Over the years, there have been relatively infrequent changes in laws impacting the area of estate planning. However, there have been some very significant recent changes in the law and in consequent strategies that have seriously affected peoples’ estate plans.
Most legal changes in estate planning have come from federal legislation, but Arizona has produced a few of its own. Almost all of the people we have talked to during the last several months have seen a need to update their estate plans in order to:
- Amend provisions in their documents to protect against the unwanted consequences of the unfavorable changes, or
- Implement the benefits of the positive changes.
Surprisingly, most of the recent changes have been good, and if they are written into estate documents, they can provide much better protection against taxes, creditors, and losses in the event of divorce, long-term care, irresponsibility, substance abuse, and other adverse circumstances.
The 13 attorneys at Morris Hall review hundreds of estate plans each year to check for accuracy and currency. We limit our practice exclusively to estate planning to be sure that we able to keep clients updated about the important changes. We would be happy to review your estate plan, at no expense, to see if it complies with the recent changes.
Contributed by MH Mesa and Phoenix Estate Planning Attorney and Partner, Theron M Hall Jr..
Why Choose Morris Hall:
You have a number of options when it comes to estate planning, so why pick Morris Hall? First off, estate planning and asset protection are a very complicated endeavor and you should only trust someone who focuses exclusively on those matters. Also, MH is a proud member of The American Academy of Estate Planning Attorneys (AAEPA) which provides us additional support, advanced training, tools and information that is not available to others – which means that we can better protect your assets and your loved ones. We are one of only two firms in Arizona that belong to the AAEPA and are the only firm in that has been granted membership. If you have assets and loved ones that you want to protect, you are in good hands with MH. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.