death Archives - About Estate Planning https://aboutestateplanning.com/category/death/ Knollmiller & Arenofsky, LLP Thu, 01 Oct 2020 21:20:23 +0000 en-US hourly 1 Minimizing Beneficiary Squabbling https://aboutestateplanning.com/minimizing-beneficiary-squabbling/ Wed, 07 Aug 2019 15:41:47 +0000 http://aboutestateplanning.com/?p=1448 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

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]]> Is My Children’s Inheritance Taxed? https://aboutestateplanning.com/is-my-childrens-inheritance-taxed/ Wed, 07 Aug 2019 15:31:14 +0000 http://aboutestateplanning.com/?p=1446 The general answer is no. The IRS doesn’t allow much to go untaxed, but most inherited assets are the exception (in Arizona at least). It does not matter whether the beneficiary received real property, stock or cash. Nor whether he or she received the inheritance via a Will or a… Read More

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]]> Now What? The problem with having an A/B trust https://aboutestateplanning.com/now-what-the-problem-with-having-an-a-b-trust/ Wed, 12 Dec 2018 17:07:36 +0000 http://aboutestateplanning.com/?p=1420 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

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]]> Taxes on Inheritance https://aboutestateplanning.com/taxes-on-inheritance/ Wed, 12 Dec 2018 16:24:35 +0000 http://aboutestateplanning.com/?p=1418 I have addressed this in prior blog posts but it bears revisiting this topic since this comes up frequently in my meetings with clients. The question is typically asked this way: “Will my heirs have to pay taxes on the inheritance I leave them?” or something similar. Let me start… Read More

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]]> Is My Estate Taxable When I Die? https://aboutestateplanning.com/is-my-estate-taxable-when-i-die/ Thu, 03 May 2018 17:11:06 +0000 http://aboutestateplanning.com/?p=1359 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

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]]> Estate Planning Misunderstandings #1 https://aboutestateplanning.com/estate-planning-misunderstandings-1/ Wed, 22 Jan 2014 22:53:27 +0000 http://aboutestateplanning.com/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

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