Uncategorized Archives - About Estate Planning https://aboutestateplanning.com/category/uncategorized/ Knollmiller & Arenofsky, LLP Wed, 07 Aug 2019 15:42:22 +0000 en-US hourly 1 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

The post Is My Children’s Inheritance Taxed? appeared first on About Estate Planning.

]]> Large Personal Injury Settlements https://aboutestateplanning.com/large-personal-injury-settlements/ Wed, 12 Dec 2018 17:42:34 +0000 http://aboutestateplanning.com/?p=1424 As many of you know, we handle important personal injury cases that frequently have large settlements for the clients. Being an estate planning and estate administration firm helps those that receive these settlements in several ways. Let me briefly touch on a few matters faced by these clients upon receipt… Read More

The post Large Personal Injury Settlements appeared first on About Estate Planning.

]]> 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

The post Now What? The problem with having an A/B trust appeared first on About Estate Planning.

]]> 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

The post Is My Estate Taxable When I Die? appeared first on About Estate Planning.

]]> What Happens If You Die Without a Will? https://aboutestateplanning.com/happens-die-without-will/ Fri, 27 Dec 2013 09:40:24 +0000 http://aboutestateplanning.com/?p=1063 This was a column in a local paper that got me thinking that this is actually a very commonly asked question. First, it doesn’t all go the State. It may but this is very unlikely. Basically, the State of Arizona has written a Will for you if you fail to… Read More

The post What Happens If You Die Without a Will? appeared first on About Estate Planning.

]]>