Top Tips for Creating Your Estate Plan
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.
Scottsdale attorney Abigail Neal is passionate about helping people, focusing on trusts and estates, probate and business law. Call (480) 699-7992 today!
Famous People and Their Strange Last Will Requests
These famous people took the concept of leaving their final wishes in their last will and testament to a whole new level. Here are some strange will requests by famous people: Napoleon Bonaparte: Wanted his head shaved and his hair divided among his friends. Ben Franklin: Left his daughter 408 diamonds but stated that she…
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Probate Creditors: When and How to Deal With Them
One step of the probate process is dealing with probate creditors. This includes identifying and notifying the creditors of the deceased and settling the deceased’s debts. After death, a personal representative (the PR), assigned by either a written will or by the court, will handle the estate left by the decedent. One of the first…
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Probate Bonds: A Guest Post With The Skinny
What is a probate bond? Probate bonds, which can also be referred to as fiduciary bonds are required by the court of individuals that are acting on behalf of others. For example, a fiduciary may be appointed by the court to manage someone’s finances, or to care for that individual if they are either too…
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Beneficiaries for Bank Accounts: How Does It All Work?
Beneficiaries for bank accounts can seem complicated when looked at from afar, but we’ve narrowed it done for you in this easy-to-follow blog. Check it out below! Pay on Death and Transfer on Death Designations Setting up a Transfer on Death (“TOD”) or Pay on Death (“POD”) designation on your bank account is a simple…
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Probate Affidavits
Avoiding Probate with Probate Affidavits Also called a “small estate” affidavit, probate affidavits allow the heirs of a deceased person to collect the decedent’s property without having to open probate. This is also sometimes called the small estate probate exemption. There are two types of probate affidavits – personal property and real property. Personal property is anything…
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Piercing the Corporate Veil – What Does It Mean, Exactly?
Piercing the Corporate Veil – What does it mean, exactly? First, let’s start with the concept of a corporation or limited liability company (LLC). Because they are in and of themselves “entities,” corporations and LLC’s have a legal existence – rights and liabilities distinct from their owners. So, the officers and shareholders are normally not…
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Probate Attorney Scottsdale
Scottsdale Probate Attorney Who Provides Cost Effective Representation A loved one’s passing is an understandably stressful time. In addition to grieving for a loved one, individuals often find themselves in the position of being responsible to manage their love one’s final affairs. When it comes to the legal aspect of handling a love one’s affairs,…
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Breaking a Commercial Lease
Question: I can’t afford the commercial lease for my office. What should I do? Answer: Many business owners are faced with the difficult issue of wanting to break their commercial lease, for any of a host of reasons. And with the increased use by landlords of personal guaranties, breaking a commercial lease can be an…
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An S-Corporation: Can My LLC Be Taxed As One?
Question: Can my LLC be taxed as an S-corporation? Answer: Yes. One of the great features of a limited liability company is that it has numerous options for tax classification. These options include sole proprietorship/disregarded entity, partnership, S-corporation and C-corporation tax classifications. For single member LLCs or husband and wife community property LLCs, the default…
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Do I Need A Living Trust?
Question: Do I need a living trust? Answer: It depends on your family situation, assets and estate planning goals. First, what is a living trust? A living trust, also called a revocable living trust, is an estate planning vehicle that allows you to transfer your property to other persons after passing. You can also specify…
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Top 7 Business Legal Issues
The services our firm provides are largely dedicated to helping individuals, families, entrepreneurs and companies save on their legal costs. That is, our attorneys endeavor to decrease our clients’ exposure to liability and litigation. Neal Law Firm has taken this approach on behalf of numerous small businesses. Here are the top seven business legal issues…
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