Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
Estate planning is not just for the wealthy. Anyone with a bank account, house, car or other personal property should have a will.
If you need to withdraw funds from an individual retirement account or 401(k) account before age 59 1/2, there’s usually a 10% early withdrawal penalty.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.
The thought of preparing your own will might feel a little daunting, bringing an onslaught of emotions like fear or sadness.
Accidents happen. Illnesses can strike anyone unexpectedly. So, take a moment to get a few basic estate planning tasks out of the way. You—and the people you love—will be glad you did.
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
There is no legal requirement that anyone give anyone else money or property when they pass. The law says that as long as you understand what you’re doing, you can give your assets to anyone you feel like giving them to, equal or not.
Portability allows spouses to combine their exemption from estate and gift tax. This allows a surviving spouse to use the unused estate tax emption of the deceased spouse.
The way in which assets are titled can be vital.
Avoidance of estate taxes is one consideration in estate planning.
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Mesa, AZ 85209
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Gilbert, AZ 85296
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