Taking Advantage of Opportunity Zone Investments

Advantages of Investing in Opportunity Zones The new federal tax law passed in 2017 included an Investing in Opportunity Act. The Act established Opportunity Zones and Opportunity Funds. The Opportunity Zone Act was designed to stimulate investment in federal and state economically distressed areas. Taxpayers who invest in the Opportunity zones can benefit from several…

Is a Charitable Lead Trust Right for You?

What is a Charitable Lead Trust? How does it work? What type of client could use one? (Our second in a multi-part series on advanced estate planning topics) A charitable lead trust (CLT) is essentially the reverse of a charitable remainder trust. It is an irrevocable trust which provides annual income to a designated charity.…

Utilizing Charitable Remainder Trusts

What is a Charitable Remainder Trust? (This is going to be the first in a series of advanced estate and charitable planning topics we are going to be covering each week) A charitable remainder trust (CRT) is a powerful charitable vehicle that provides two essential benefits to the donor. The first benefit is a charitable tax…

Understanding Community Property Laws

The Differences Between Community Property and Separate Property Arizona is one of about ten states that is a community property state. Most other states are common law states. Understanding the affects of being a community property state are a key issue in divorce proceedings. Whether your state is a community property state is also an…

Understanding the Trust Administration Process

An Overview of the Trust Administration Process and How It Differs from Probate Wills and trusts are both legal documents that help transfer control and management of your assets. An experienced Arizona wills and trusts lawyer can explain which document is right for your goals and the needs of your loved ones. In general, wills…