Planning Notes

The look-back period is a period of time, currently 60-months, during which Arizona Medicaid (ALTCS) is required to look through your finances in order to determine if you made any uncompensated transfers, i.e. you gave away or sold assets for less than their fair market values. Read More»

We can only presume this means there will be a step-up in basis for up to $10 million of property upon the owner's death and that any tax associated with the gain on the property will only be incurred if and when such property is sold. Read More»

Clinton would lower the estate tax exemption to $3.5 million per person and $7 million per couple, while raising the estate tax from 40 to 45 percent Read More»

Did you know that if you die without a will that each state in the U.S. has already written one for you? Read More»

In Arizona, what happens if a person dies and leaves property to minor children? Well, the answer depends upon the types of assets the decedent owned as well as the decedent's estate plan. Read More»

The Arizona Long-Term Care System (ALTCS) is Arizona's implementation of the Medicaid program, which can pay nursing home costs for people that meet certain medical, income, and resource requirements. Read More»

The U.S. Department of the Treasury recently issued proposed regulations which could substantially reduce or eliminate minority discounts often associated with federal estate tax planning. Read More»

Prince’s lack of planning could cost his estate up to half of its estimated $300 million worth. Read More»

Before you travel, there’s one thing I can almost guarantee — estate planning is the furthest thing from your mind. Read More»