posted on August 7, 2019

Minimizing Beneficiary Squabbling

We have all seen it. The media likes to pass along juicy stories of actors that either had no wills or their heirs are fighting tooth and nail over the inheritance. But how do we stop any infighting among our own beneficiaries when we pass? Most families get along great… Read More

Filed Under: Asset Protection, attorney, death, Estate Planning, estate tax, Executors, Family Disagreements, heirlooms, heirs, inheritance, Inheritance tax, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trust, Living Trusts, Personal Representatives, Probate, revocable trusts, Taxes, Trust law, Trustee, Trusts, Wills Tagged With: , , , , , , ,
posted on December 12, 2018

Now What? The problem with having an A/B trust

Nothing is worse than having your estate planning attorney advise you one way then change their mind the next. Well, we are doing it again. Before when the estate tax applied to many more people, it was important to create an A/B trust. Essentially this meant that a married couples’… Read More

Filed Under: death, Estate Planning, estate tax, Inheritance tax, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Living Trust, Living Trusts, Probate, Taxes, trust, Trusts, Uncategorized, Wills
posted on May 3, 2018

Is My Estate Taxable When I Die?

This is a pretty common question. I think there is a lot of misconceptions that an inheritance is taxable. For the most part it is not. Arizona doesn’t have an inheritance or death tax. There is a federal estate and gift tax but unless your estate exceeds 11 million dollars… Read More

Filed Under: Arizona, attorney, death, Estate Planning, estate tax, heirs, Inheritance tax, Inherited IRAs, IRA, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trust, revocable trusts, Taxes, Traditional IRA, Uncategorized
posted on January 22, 2014

Estate Planning Misunderstandings #1

Estate Planning Misunderstanding #1 Estate planning is only for the old. (This is the first in a series of estate planning misunderstandings.) The fact is, if you are an adult, you already have an estate plan. We all do. It was drafted on our behalf by the legislatures of the state… Read More

Filed Under: Arizona, court, Court Hearings, death, Estate Planning, Family, heirs, Intestate, Intestate Succession, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trust, Living Trusts, Powers of Attorney, Probate, revocable trusts, Trusts, Wills Tagged With: