Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
In the wake of the coronavirus pandemic, many older adults are more socially isolated than ever — and thus more vulnerable to being financially victimized.
Dealing with a sick family member is a challenging and emotional time.
There are two main kinds of trusts: revocable and irrevocable.
Like DMX and Prince, many Black Americans have failed to participate in the estate planning process.
Tax rules on individual retirement accounts (IRAs) are different for inherited IRAs. Some differences are positive.
In today’s digital era, the departed will be survived by their electronic footprints, such as iPhone photo albums, Spotify playlists—and cryptocurrency wallets.
According to the U.S. Department of Agriculture, a middle class family raising a child to adulthood will spend over $233,000 on that child between the ages of 0 to 18. That doesn’t even factor in the cost of college education, which can be thousands of dollars more per year once a child reaches adulthood.
Many estate executors focus on estate taxes and forget about income taxes. That can be an expensive mistake.
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago—as well as the scheduled 50% reduction in the size of the federal estate tax exemption four years from now—has resulted in a renewed interest in estate planning for IRA and 401(k) accounts owned by married couples.
Once more hesitant to plan ahead, clients in today’s environment are much more proactive and willing to take action in the near term, rather than waiting and risking having to pay higher taxes down the line.
1425 S. Higley Road #106
Gilbert, AZ 85296
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