Turkey. Done. Pie. Done. Black Friday. Done. Next? December. But first, our review of elder law items of interest from November: Estate & Tax Planning The estate tax exemption will take a relatively big jump in 2023. It increases to $12.92 million per person from $12.06 million in 2022. That’s an extra $860,000 to plan with. Here’s how wealthy folks might take advantage of that jump – before the gift limit gets dialed back to a $5 million base in
One of the common and vexing problems in administering a decedent's estate is how to deal with a pretermitted spouse. To most non-lawyers, that sounds vaguely disturbing. What is a "pretermitted spouse," and why do we care about their problems? What - or who - is a "pretermitted spouse"? "Pretermitted" is just a near-archaic term meaning "omitted." The older version is rarely used, except by lawyers (and law students). Even in the law, the trend is away from the old-fashioned
Something surprising happened in 2021: Estate tax revenue increased. Though the estate tax exemption has never been higher, the amount collected almost doubled from 2020 to 2021, from $9.3 billion to $18.4 billion, recent IRS data indicates. Experts suspect it’s the combination of pandemic death rates and market gains in stocks and real estate. Some people simply got caught dying with too much money. Although the $18.4 billion they paid might sound like a lot, it’s barely a blip in
A client asked last week whether he had properly signed his own DNR and DNI orders. We asked if he meant a "do not resuscitate" and "do not intubate" order. He confirmed that was what he thought he had signed. It made us think we need to look at the advance directive issue and update some of our earlier posts on the subject. Do Not Resuscitate (DNR) Lots of clients want to execute a "Do Not Resuscitate" order for themselves.
Tucson Elder Law Attorneys
We are Tucson elder law attorneys committed to helping seniors, individuals with disabilities, and their families and supporters make informed choices guiding them through some of life’s most important decisions. That may mean estate planning, special needs planning, guardianship, conservatorship, long-term care planning or probate. That’s what we know.
Our weekly newsletter and podcasts (created by and featuring Fleming & Curti, PLC, attorneys) highlight new developments and long-standing strategies.
Fleming & Curti is not a traditional law firm. We do practice traditional elder law, but we also provide fiduciary services. We couldn’t do either without the hard work and dedication of our team members:
Supports the firm’s elder law efforts, facilitating estate planning, filing probate pleadings, and assisting with estate and trust administration, and guardianships and conservatorships.
Focuses on fiduciary services, managing the daily needs of those for whom the firm serves as trustee, guardian, conservator, or agent under power of attorney.
Implements plans for assets to which the firm is entrusted as trustee, conservator, or agent under financial power of attorney.
We represent guardians, conservators, and the subjects of proceedings when court involvement is required. We also act as guardian and conservator in appropriate cases.
We prepare documents to complete your estate plan. Most importantly, we help you determine whether you need a trust, and we counsel you on selection of agents, trustees and personal representatives.
We are familiar with long-term care costs and eligibility for public benefits, and how to maximize benefits for a person dependent on the public system. We can prepare applications or process renewals for eligibility.
We counsel individuals about planning for tax, benefits eligibility and preparation for aging and disability. We understand that one important consideration for clients is the cost of effective planning. One common area we work in: special planning for family members with special needs.
Once estate planning documents are in place, we help with administration of the trust or estate. We represent trustees, agents and personal representatives. We prepare accounts and taxes, or we oversee those administrative matters. We are particularly interested in helping with special needs trusts.
In select cases (and usually when there is no other good alternative) we act as trustee, personal representative or agent. We handle financial and life decisions, prepare tax returns and keep interested parties in the loop.