Kevin McFadden Archives - About Estate Planning https://aboutestateplanning.com/tag/kevin-mcfadden/ Knollmiller & Arenofsky, LLP Thu, 08 Aug 2019 22:19:38 +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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]]> 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

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]]> Introduction to Self Directed IRAs https://aboutestateplanning.com/introduction-self-directed-iras/ Wed, 18 Dec 2013 09:45:58 +0000 http://aboutestateplanning.com/?p=1066 Self directed IRAs (SDIRA) have been around since the early 1970s. In spite of their history, they haven’t been all the rage until more recently thanks to media attention. The biggest press was on former Republican candidate Mitt Romney’s SDIRA. It shouldn’t be believed that only the most wealthy can… Read More

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]]> “I thought a trust avoided probate!” https://aboutestateplanning.com/thought-trust-avoided-probate/ Fri, 13 Dec 2013 09:50:42 +0000 http://aboutestateplanning.com/?p=1068 This question usually gets asked by the family after a loved one has died and they are told they have to go through probate. How did this happen? Yes, one of the benefits of a revocable trust is avoiding probate. The explanation everyone has heard is because the assets are… Read More

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]]> Advantages vs. Disadvantages of a Revocable Trust https://aboutestateplanning.com/advantages-vs-disadvantages-revocable-trust/ Wed, 13 Nov 2013 10:13:56 +0000 http://aboutestateplanning.com/?p=1072 Advantages of a Revocable Living Trust Avoidance of probate. In particular, a revocable living trust can avoid expensive multiple probate proceedings when you own real estate in several different states, as well as the publication of the otherwise private financial details of your estate. Avoidance of conservatorship. A revocable trust can avoid… Read More

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]]> How Much Does the Government Take When you Die? https://aboutestateplanning.com/much-government-take-die/ Wed, 06 Nov 2013 10:14:16 +0000 http://aboutestateplanning.com/?p=1074 This question gets asked a lot. Sometimes it is asked if the Feds or Arizona tax you when you die? Sometimes it is asked if the State gets part of your estate when you die? Mostly it is thought of in terms of probate whether you have a Last Will… Read More

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]]> Recent Trends Part III https://aboutestateplanning.com/recent-trends-part-iii/ Tue, 29 Oct 2013 10:24:20 +0000 http://aboutestateplanning.com/?p=1077 Another trend in living trust and estate planning is less concern about probate and more concern about possible incapacity. The “typical” client 20 years ago was very concerned about ending up in probate after their passing. I am not sure if this came from all the advertised estate planning seminars that used this to scare people into… Read More

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]]> Trends in Living Trusts Part II https://aboutestateplanning.com/trends-living-trusts-part-ii/ Thu, 24 Oct 2013 10:33:12 +0000 http://aboutestateplanning.com/?p=1079 Another trend in Living Trusts, or better said, Estate Planning, are IRA Qualified Trusts. Very often a individual does not want to leave a large IRA to their children or other heirs. The concern is they will cash it in and pay the large tax bill that will surely come when the IRA is… Read More

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]]> If I have a Will does it means I will avoid Probate? https://aboutestateplanning.com/will-means-will-avoid-probate/ Thu, 12 Sep 2013 10:39:44 +0000 http://aboutestateplanning.com/?p=1083 No, a Will by its very nature implies Probate. Probate is a procedure to administer the estate of a decedent. Even if you do not have a Will, your estate will be administered according to the laws of your home state. This procedure for estates that do not have a… Read More

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