Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
There are many ways to pass property on to children, including gifting the family home to them while you are still alive, bequeathing it to the children upon your passing, or selling the residence to your heirs.
Should the Royal family be an exception to the normal laws governing probate?
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
Taxpayers should, of course, carefully consider whether to engage in a lifetime gifting strategy, which has other considerations beyond just estate taxes (such as the tradeoff with the ‘step‑up’ in basis, and non-tax family related considerations).