The U.S. Supreme Court’s ruling will change estate planning for affluent same-sex married couples. United States v.Windsor, the case in the news last week, involved an important tax break for married couples. The marital deduction allows spouses to transfer as much as they want to each other, either during life… Read More
posted on July 5, 2013
The Supreme Court’s Decision Will Change Estate Planning For Same-Sex Spouses
posted on February 22, 2013
Memory Issues and Your Finances
A USA Today article on February 13, 2013 dealt with this very issue. See “Memory Issues Can Wreck Your Finances If You Don’t Plan Ahead.” Individuals with MCI, mild cognitive impairment, affecting 20% of Americans over the age of 70, may leave the individual vulnerable to financial abuse or financial… Read More
posted on February 12, 2013
Current Estate Tax
Hello: You have probably heard about estate taxes, also called “death taxes.” You may be interested to learn that the IRS counts about everything yo own in figuring how he can get a share of it. The bad news is that once you have a taxable estate, the government wants… Read More
posted on January 29, 2013
Do it yourself estate planning software programs?
A recent article in Accounting Today discussed a new software program that prepares your own estate planning legal documents. While for very simple estates with traditional, single married couples, this may be a viable option. For the vast majority of individuals, our lives do not fit into simple computer programs… Read More
posted on January 25, 2013
Is A Trust Really Necessary?
This question gets asked a lot. Everyone should have an estate plan, meaning a Will, powers of attorney, and similar. But when should you have a trust? The benefit of revocable trust include a tool to assist us in the event of our incapacity. Instead of going to court to… Read More
posted on January 17, 2013
Importance of Properly Naming of Beneficiaries of Retirement Accounts
It is critical to properly name the beneficiaries of a retirement account if you desire to either roll it over or to stretch payments. When trusts are named as beneficiaries of retirement accounts, it is important to name the particular trust for the benefit of the particular individual as the… Read More
posted on December 26, 2012
Happy Holidays from Knollmiller & Arenofsky, LLP
James G. Knollmiller and the team at Knollmiller & Arenofsky, LLP would like to wish everyone a happy holiday and to have a safe and enjoyable New Year! We have appreciated all of the business and support from all of our friends and clients in the past year. We are… Read More
posted on December 12, 2012
Donating to a DAF or Private Foundation This Holiday Season by Knollmiller & Arenofsky, LLP
Knollmiller & Arenofsky, LLP provide clients the proper financial planning advice as to the methods of charitable giving. Dec. 11, 2012 – At Knollmiller & Arenofsky, LLP located in Mesa, AZ, they provide comprehensive service in methods of giving to charity. With the holidays just around the corner, many charities will… Read More
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