What Is a Probate?* Probate is a superior court action that is filed when someone passes away. Although the probate court has other jurisdiction (for example, to handle guardianships and conservatorships), when most people think of probate think they think of the process of transferring assets out of the name of the deceased person and…
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We are often asked whether a Will or a Trust is most appropriate for a client’s particular situation. Our answer? It depends on how the client wants their assets passed to their beneficiaries, if they want to avoid probate, the value of their assets, and their desire to create a plan based on their wishes…
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If you want your nonprofit corporation to be exempt from federal taxation and allow donors to deduct their donations on their tax returns, you will need to complete and submit an Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code (IRS Form 1023). Before getting started, you should check to be…
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If you’ve already formed your nonprofit organization, congratulations! You’ve taken the first step in creating a charity or tax exempt organization. However, just because you formed a nonprofit organization doesn’t mean that you will automatically be tax exempt. The IRS has specific requirements that must be followed before it will grant tax exempt status to…
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An Arizona beneficiary deed: what is it and how do I acquire one? A Beneficiary Deed is an easy and inexpensive way to transfer title of real property. Since a person’s real property is usually one of their largest assets, it makes sense to ensure that it goes to the right person or place at…
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Is it absolutely terrible if you don’t have an estate plan? Maybe, maybe not. The problem is that you won’t really know if you needed an estate plan or not until you need an estate plan. In a way, you can think about it like insurance – you don’t need it until you need it.…
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Words can not express how deeply sorry we are for your loss. From everyone at the Neal Law Firm, please accept our most heartfelt condolences. In order to help minimize all that there is to do after the passing of a loved one, we created this to do list to help you during this difficult…
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We are Arizona probate lawyers here to help you get you through this difficult time. We provide the following services for our clients: Terminate Joint Tenancy with Right of Survivorship Abigail will prepare the Affidavit Evidencing Termination of Joint Tenancy and file it with the county recorder. Learn more about terminating joint tenancy with right…
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Charitable Deductions – Frequently Asked Questions This article covers the following frequently asked questions about deducting contributions made to charity: What are charitable contributions and qualified organizations? What types of contributions you can deduct on your tax returns? How much of the contribution you can deduct? What records you need to keep? Are there limits…
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What Happens if I Die Without a Will? Most people own some form of property when they die. Whether it is real property (real estate), personal property (jewelry, furniture, art, collectibles, etc.), securities or any other form of property, the property owned by the deceased must go to someone else. But what happens if they…
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With nearly 1 billion subscribers, chances are your loved ones have Facebook accounts. When a loved one passes, closing their account isn’t something immediately considered. However, it can quickly become upsetting if you come across a deceased loved one’s account long after they have passed. Here is how to close a loved one’s account: There…
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What Do I Need to Know About Choosing a Guardian for My Minor Children? A lot of the decisions people have to make when they create their estate plan are relatively easy. The house goes to this person, the money goes to that person, the jewelry and heirlooms get split up between the children, etc. …
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