Trust reporting requirements

Trust Reporting Requirements in Arizona

There are trust reporting requirements for every trustee. Those requirements vary depending on the circumstances, though. Is the trust revocable or irrevocable? Who are the current beneficiaries? What happens to the trust after the death of current beneficiaries (or, perhaps, the passage of time)? As we discuss in this podcast episode, Arizona’s trust reporting requirements…

End of Year Gifts

End of Year Gifts

We’re already in December! That means (among other things) that it’s time to consider your end-of-year gifts. You already know that you are limited to making gifts of $15,000, right? Wrong! There is no such limit, as we explain in this week’s podcast episode. The “limit” is just on gifts that escape any reporting requirement…

I hate my trust!

I Hate My Trust

Clients sometimes tell us: “I hate my trust.” What they usually mean, of course, is that they don’t understand it. Or perhaps they think they paid too much to set it up. Sometimes clients believe they no longer need a trust. So should they revoke the trust and start over? Usually the answer is “no.”…

Is probate bad?

Is Probate Bad? Always?

Everyone knows that it’s important to arrange your estate to avoid probate. Is everyone (always) right? In other words: is probate bad? In every circumstance? Join us for our weekly “Elder Law Issues” podcast episode while we discuss the bad things about probate. Spoiler alert: we’re not going to tell you that it’s a good thing…