Category Archives: Estate Planning
Important Arizona Legislative Changes Impact Estate Planning
Effective September 12: Simplified probate proceedings (by using a simple affidavit) will be available for small estates with personal property valued at $75,000 or less (previously less than $50,000) and real property valued up to $100,000 (previously $75,000 or less). The Arizona legislature has now provided explicit bankruptcy protection for Section 529 plan accounts, which set… Read More »
Is it Time for Short-Term Grantor Retained Annuity Trust?
Congress’s decision not to include a proposed minimum term for grantor retained annuity trusts (GRATs) in the tax legislation passed back in January — combined with low interest rates — may make it an ideal time to add short-term GRATs to your estate planning arsenal. A GRAT consists of an annuity interest, retained by… Read More »