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 June 26, 2018

Business Succession Planning

Business succession planning is the process through which new owners are identified to replace the current owners when they leave, retire or pass away. New owners often include internal people, either employees or family members, to fill the important positions in the company. Transferring A Business To Heirs A revocable… Read More

Filed Under: Asset Protection, Estate Planning, Incapacity, Intestate, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Living Trust, Personal Property, Real estate, Taxes, Trust law
posted on May 24, 2018

Do ERISA Retirement Plans Bar A Creditor From Garnishing The Account Even If The Transfer Was Fraudulent?

Believe it or not the answer is yes. Okay, some very brief background. ERISA, i.e. 401(k) plans, are known to be pretty solid creditor protections for anyone that has such a plan. IRAs as well but not quite as strong as ERISA plans. Anytime a financial adviser is discussing the… Read More

Filed Under: Asset Protection, attorney, creditors, Estate Planning, Financial Adviser, Financial Planners, financial professional, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP
posted on March 29, 2018

Do Recent Tax Changes Pose A Threat To Estate Plans?

Not really according to a new survey from TD Wealth.  The survey found that 44% of estate planning professionals cite family fights as the biggest threat to estate planning in 2018.  Only 25% cite tax reform with the remaining 12% considering the volatility in the stock as the next largest… Read More

Filed Under: Asset Protection, court, Court Hearings, Estate Planning, estate tax, Executors
posted on March 21, 2018

Asset Protection Laws In Arizona

The need for asset protection planning arises when you have to achieve your goals and protect your family wealth and assets from the claims of creditors. The tools used for asset protection planning may be used alone or paired with some other tools and strategies in order to achieve the… Read More

Filed Under: Arizona, Asset Protection, attorney, court, Court Hearings, Courtroom, Family, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Personal Items, Personal Property, Powers of Attorney, Real estate, Trusts, Wills Tagged With: