The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“2010 Act”), was signed into law by President Obama on December 17, 2010. This Act provided a two year fix to the existing estate and gift tax problem. The 2010 Act substantially increased the estate and gift tax exemption from $1 million to $5 million in 2011 … [Read more...] about The Season of Giving: The “Fiscal Cliff” Coming to the Estate and Gift Tax Laws #EstatePlanningAttorney
Kenneth Barney
Probate Law AZ | Cars & Trucks Can Transfer Probate Free
A new state law provides for probate free transfers of vehicles upon the death of the owner. In other words, a beneficiary can receive a truck or car from their family at the time of the passing of the family member without the expense of going through the court system. Arizonans may also transfer bank accounts, brokerage accounts, homes, IRA’s … [Read more...] about Probate Law AZ | Cars & Trucks Can Transfer Probate Free
Probate and Estate Planning Attorney | Changes in Arizona’s Estate and Probate Law Statutes and Rules
During the past few months, approximately 47 statutes have changed or have been added to Arizona’s Probate Code, dealing with probate estates, guardianships, and conservatorships, taking effect on January 1, 2012. Additionally, the Arizona Legislature added approximately 25 changes to various Rules of Probate Procedure, some of which took effect on … [Read more...] about Probate and Estate Planning Attorney | Changes in Arizona’s Estate and Probate Law Statutes and Rules
Wills Lawyer Mesa AZ | Will Kits – But Why Can’t I Just Use the Internet?
You may occasionally wonder about using online “Will kits” or software to produce estate planning documents. These kits are popular because they’re cheap. However, as an experienced wills lawyer I must caution you about the risk of subjecting your survivors to unnecessary legal fees to fix what often turns out to be incomplete or ineffective … [Read more...] about Wills Lawyer Mesa AZ | Will Kits – But Why Can’t I Just Use the Internet?
Arizona Estate Planning Attorney | Kenneth Barney | The Top 10 Reasons You Need to Do Your Estate Planning!
10. Remarriage Protection Make sure a new spouse doesn’t receive all your assets Discuss Prenuptial Agreement provision in estate plan Ensures that your family will receive your inheritance 9. Leave a Charitable Legacy Benefit the causes you support Show your posterity what you care about Give your family a chance to support your … [Read more...] about Arizona Estate Planning Attorney | Kenneth Barney | The Top 10 Reasons You Need to Do Your Estate Planning!
Arizona Estate Planning Lawyer | Kenneth Barney | Where Did The Estate Tax Go?
Most estate planning practitioners presumed, myself included, that the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), which repeals the death tax, would never make it to 2010. Although the House passed new estate tax legislation in December of 2009, with legislation on its agenda more pressing than the estate tax, including … [Read more...] about Arizona Estate Planning Lawyer | Kenneth Barney | Where Did The Estate Tax Go?