Taxation of trusts

Supreme Court Overrules Taxation of Trust

Last month the United States Supreme Court ruled (unanimously) that North Carolina’s approach to taxation of trusts was impermissible. If it was a 9-0 decision, though, the obvious questions are: Whoever thought North Carolina’s approach to taxation of trusts would be acceptable in the first place? and What difference will this decision actually make for…

Tom Curti retires

Partner Tom Curti Retires

We’ve hinted about it and announced it. We’ve celebrated his career and accomplishments. This week, though, it became final: Tom Curti retires. Tom Curti, Wisconsin transplant In 1973, Tom moved from his native Wisconsin to Tucson in order to attend the University of Arizona College of Law. He had grown up in a small town…

Second marriages

Planning Is Essential for Second Marriages

Is your current Mr. or Mrs. Right not your first spouse?  And do you have kids from another relationship?  Second marriages can be wonderfully fulfilling, but step families come with built-in tensions. If this is you, it’s essential to consider an estate plan.  Otherwise, the state of Arizona has a plan, and its rules almost…

Retirement benefits and community property

Retirement Benefits and Community Property

Arizona is one of the nine U.S. states operating under the principles of “community property.” The basic premise of community property: assets acquired during the period of the marriage are presumed to belong to the marital community (and thus to the spouses equally). There are lots of qualifications and exceptions, but one issue crops up…