No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members are…
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Three Tips to Protect Your Important Legal Paperwork in a Natural Disaster The year 2018 was no stranger to natural disasters. From multiple earthquakes, back-to-back hurricanes, and raging wildfires, the United States and abroad suffered some serious natural disasters. These acts of nature can devastate your life and your family. Who knows what 2019 will…
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Protect Your Family With an Estate Plan Overview In the event of incapacitation or death (God forbid), it is important that you have named who will control your health and finances and who will raise your children (if you’re a parent). If you don’t have an estate plan, your assets may be distributed through the…
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An LLC a limited liability company, and it can be used to run a business or it can be used to hold assets. In a recent article, the National Federation of Independent Business (NFIB) exclaimed that its optimism index is at an all-time high, with small-business owners planning to break records with hiring and expanding.…
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Estate plans for parents are essential. If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make estate planning decisions,…
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With the fall season approaching, it’s an excellent time to review your affairs. Below is a legal affairs checklist to ensure your planning meets your needs and is up-to-date: 1. When was your power of attorney last updated? A power of attorney is a valuable legal document, no matter what the circumstance. Not only is…
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Brett Kavanaugh has officially been nominated to join the Supreme Court of the United States. On June 27, 2018, Justice Anthony Kennedy sent a letter to President Donald Trump announcing his retirement from the Supreme Court of the United States (SCOTUS). As one of nine justices, he was considered to be an important swing vote. Consider:…
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Sports gambling will soon be legal in, most likely, all states who want it, due to a Supreme Court decision on Monday, May 14. By a 6-3 margin, the Court struck down the “Professional and Amateur Sports Protection Act,” (PASPA) which made it illegal for states to authorize sports gambling (with only a few exceptions),…
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Trump’s tax plan has officially turned into a reality. On September 27 of this year Congressional Republicans and President Trump released their plan for tax reform. You can read whole thing at this link: https://www.treasury.gov/press-center/press-releases/Documents/Tax-Framework.pdf The main points of the so-called Unified Framework are as follows: -Standard deductions will be increased. -There will be three…
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Question: Do you need to update your will when you move to a new state? Answer: Yes, you should update your will when you move. Wills are governed by state law and should be updated to reflect the law in the new state of residence. Wills are a very state specific document. In Arizona,…
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What is a Trust and do you need one? You’ve probably heard about trusts on popular TV and radio shows. Here are answers to some frequently asked questions about trusts: Trusts – Defined A Trust, or Revocable Living Trust, is an estate planning document that states who you want to inherit your property and how.…
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Thanks for reading our Top Tips for Creating Your Estate Plan! To get started on your estate plan, call Neal Law Firm today at 480-699-7992.