Lauren Garner Leads Estate Planning and Probate Seminar
Lauren Garner, will address some of the particular issues that arise in mediating contested probate and trust matters and how to prepare and advocate for your clients in mediation. We will discuss various "settlement" opportunities available in Maricopa County; statutory and regulatory obligations for ADR, and specific types of cases that may be mediated. We will also cover the timing of mediation, preparing for … Read More
Beth Cohn: Speaker for AZ Crew Luncheon
Beth Cohn will discuss on "How the New Tax Law Impacts Real Estate Deals and Even Your Paycheck!"
What: Beth Cohn and Sandy Abalos will discuss the new tax law and their impact on real estate transactions including 1031 Like-Kind Exchanges, new partnership audit rules, reduced or elimination of travel and entertainment expenses, new 20% deduction for pass-through entities, estate planning … Read More
Guardianships and Conservatorships Can Help Protect Loved Ones
The decline of a family member’s health can be one of the most difficult emotional challenges that a family will face. If that ailing family member hasn’t adequately planned for such an event, the burden rests on the family to step in and care for them. Without proper legal authority, this can be difficult.
Fortunately, the court … Read More
2018 Estate Tax Changes
Under the new tax law, estate tax has not been repealed. However, there is relief for higher net worth individuals, business owners and people with large estates that have little or no liquidity who previously might have sold their assets to pay estate taxes.
Effective January 1, 2018, the new estate tax laws increased the lifetime exclusion … Read More
Partnership Audit Rules Have Changed Under New Tax Law
Congress enacted the Bipartisan Budget Act of 2015 (“BBA”) under which existing partnership audit rules have been replaced. The new BBA audit rules are broad and complex and effective for partnership tax returns filed for tax years beginning in 2018. Under the prior audit rules, the tax liability flowed through to each partner. Under the new … Read More
10 Steps to Take Now to Minimize Taxes under the New Tax Law
The overhaul of the Internal Revenue Code was passed by Congress on December 21, 2017 and signed into law by the President. Many changes become effective January 1, 2018. Although 2017 is almost over, the following are some actions to consider taking now to potentially save taxes.
Before the end of 2017 consider taking the following actions:
Pay 2017 state and local income taxes in 2017. … Read More
Estate Planning is Essential
Hi, I'm Beth Cohn, an attorney here at Jaburg Wilk and I help people plan their estates.
No matter where you are in your life, estate planning is essential. Estate planning includes wills, trusts, and powers of attorney. If you have just started your family and are at the beginning of your career, a will is critical. In the event of your untimely death, a properly drawn will protects your … Read More
Categories: Estate Planning
Health Care Power of Attorney and Living Wills
No one wants to contemplate becoming seriously ill or disabled, but the reality is this difficult subject needs to be addressed with spouses, significant others and family members. It is important to make decisions regarding what wishes are while healthy. The Arizona Secretary of State allows you to register, free of charge, living wills and medical power of attorneys on their web site. Simply go to … Read More
Estate Tax Laws Warrant Exclusion and Portability in Planning
The new estate laws are challenging to comply with and will require most high net worth individuals to review their existing plan. One of the major issues is how the trust is divided on the death of the first spouse, and who makes certain elections. There are other critical decisions that need to be made to protect assets and minimize or delay estate taxes.
Prior Exclusion and 2013 Change
Estate tax was … Read More
Section 529 Plans - Qualified Tuition Program: College Savings Plans that the IRS Embraces
As higher education costs continue to escalate, parents or grandparents may look to different savings vehicles for their children's college fund. The IRS, under section 529, provides parents with the opportunity for a higher education savings plan.
There are two sets of tax rules for 529 plans (the "Plan"). One relates to the income taxation of the owner and the beneficiary of the Plan, while the … Read More