Trust Fund Loophole?

What Is President Obama talking About? President Obama is going to give his State of the Union address on Tuesday January 19, 2015. He has announced several initiatives including  free community college and paid leave. He knows that the number 1 question is where is that money going to come from? Well most of it  —.. read more →

Creating a Complete Estate Plan

We all know you need an estate plan, but 50% of people do not get around to taking the steps to create one. To help you get started here are a few checklist items that will help you get a complete plan in place. 1. Create a will. In a will, you provide instructions about.. read more →

Top 5 Smart Year-End Financial Actions

The end of the year isn’t just a time to celebrate the holidays. It is also a time to clean up last minute details and plan for the future. Here are five really smart year-end financial moves that you can make to help you begin the New Year right. Review Your Insurance Review your insurance.. read more →

Estate planning for a blended family can be complicated

You probably know that 45-50% of first marriages end in divorce! But the news gets worse, 60 – 67% of second marriages and 70-73% of third marriages also end in divorce. What those statistics mean is that there are an awful lot of blended families out there. Blended families make estate planning a bit more.. read more →

I am gay … why do I need estate planning?

Thanks to the Supreme Court ruling on the Defense of Marriage Act, same-sex married couples living in marriage equality states will now be treated exactly like all other married couples and enjoy the same estate planning benefits as heterosexual marriages. For instance, the unlimited marital deduction allows one spouse to transfer all assets to the.. read more →

I’m single. Why do I need an estate plan?

This is a little bit of a trick question because your circumstances as a single person are important to know. How old are you? Do you have children? Do you have no assets or substantial assets? What is the status of your health? The answers to these questions are the ones that a married couple.. read more →

I have a special needs child. How will that affect my estate plan?

If a child with special needs is dependent on you for their care, what happens to that child when you die? Special needs kids often required different approaches to education, extra medical care, or extra assistance with the tasks of everyday living. Those needs won’t go away when you, their caregiver, passes on. That’s why.. read more →

Estate Planning and Vacation Homes

With its mild climate and warm winter sun, Arizona is a mecca for snowbirds who want to get away from the freezing temperatures, snow, cold rain and storms during the winter months. Many of these people end up purchasing a second or vacation home right here in the Valley of the Sun. As for Phoenix.. read more →

Estate Planning is Not Just for the Wealthy

More often than not, people hear the words “estate planning” and immediately presume that if they don’t have a lot of money they don’t have to think about it. You might call that the albatross-style of estate planning. It is true that for most people, estate taxes and even probate are not a major consideration… read more →

Should my Health Savings Account (HSA) be part of my Trust?

If you have an HSA or MSA (medical savings account) there is a possibility that funds might be in the account when you die. How do you plan for the distributions of those funds? In terms of estate planning these accounts are like a hybrid. While you are alive, the account functions like an ordinary.. read more →