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About Abigail

Scottsdale attorney Abigail Neal is a second generation Arizona native who is passionate about helping people achieve their personal and professional goals. Abigail focuses her practice on trusts and estates, probate and business law. Call (480) 699-7992 today to speak to Arizona lawyer Abigail Neal.

What’s the Difference Between a Will and Living Will?

Question: I've heard of a Will, Last Will and Testament and Living Will. What's the difference? Answer: Good question. There are two different types of "Will" documents. The most common one that people think of is a Last Will and Testament (casually referred to as a Will). A Last Will and Testament serves a number [...]

Richie Valens’ Last Will and Testament

The Day the Music Died On Feburary 2, 1959, rock and roll legend Richie Valens was killed in a plane crash in Iowa. Also on board were Buddy Holly and The Big Bopper. The day later became known as The Day the Music Died. But how did Valens end up on this plane? Richard Steven [...]

What Do I Do With An Inherited IRA?

IRAs are among the largest assets inherited by heirs and beneficiaries. These accounts are able to grow to very large amounts because income taxes are deferred until the owner begins to take distributions, which usually happens after the owner reaches age 70 ½. Those who inherit an IRA must be very careful to follow the [...]

Should You Tell Children About Their Inheritance?

Not many parents like to talk to their children about their wealth. How much money people have is typically considered a very private matter, and most people don't think it's polite to talk about it. However, not talking to children about their potential inheritance could leave them unprepared to handle inheriting even a modest amount [...]

Name a Guardian for Your Children

Parents with minor children need to name someone to raise them (a guardian) in the event both parents should pass away before the child becomes an adult (age 18). While the likelihood of that actually happening may be slim, the consequences of not naming a guardian are significant. If no guardian is named in the [...]

Life Cycle of a Charity

Charitable and other organizations that meet the requirements of Internal Revenue Code section 501(c)(3) are exempt from federal income tax. Donations made by individuals and corporations to charitable and other tax exempt organizations are deductible under Internal Revenue Code section 170. Exempt charitable organizations fall into one of two classifications: a public charity or private [...]

Top Tips for Deducting Charitable Donations

There are two big reasons why everyone should donate to charity. First, it makes you feel good knowing that you helped others in need. Second, you can deduct your charitable contributions which may help lower your tax bill. Here are the top tips to ensure your contributions pay off on your tax return: 1. If [...]

What Should I Do With My Will?

Question: What should I do with the Will I made? Should I keep it somewhere specific or tell certain people about it? Answer: Even the best and most carefully drafted Last Will and Testament won't do you any good if no one can find it. Wills are not filed or recorded anywhere and there is [...]

Phoenix Man Accused of Murdering Wife Gets $4.5 Million in Life Insurance Benefits

Despite accusations of murder by his stepchildren, Phoenix businessman Peter J. Mizioch was recently awarded $4.5 million in life insurance benefits. The children of the deceased, Phyllis Mizioch have accused their stepfather of murdering their mother for her life insurance money. Ms. Mizioch died at her Phoenix resident in July, 2010. What makes this story [...]

5 Most Important Estate Planning Documents

Important Estate Planning Documents Everyone Should Have Estate planning can be complicated. Regardless of the size of your estate, you should consider adopting these five important estate planning documents: 1. Last Will and Testament Your Last Will and Testament is a critical document to every estate plan. Why? In most cases (except for trust-based plans, [...]

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