Filthy Rich But with No Plan for the Future

As Phoenix estate planning attorneys, the biggest myth we have to battle is the idea that “estate plans are only for wealthy people.” As it turns out, nobody knows how untrue that is better than the wealthy themselves! In a surprising report, CNBC reveals that more than 1/3 of the wealthiest Americans have no estate plan whatsoever. No plans for …

The Great Shift in Estate Planning: From Estate Tax to Capital Gains

Not so long ago, the wealthy had one worry above them all when it came to planning their wills: the federal estate tax. But times change. The estate tax is no longer the primary concern of affluent Americans, The Wall Street Journal reports — and for good reason. Recent modifications to federal law are changing the wealthy’s estate planning priorities. …

Can We Talk About Tax? How Joan Rivers Deducted Her Funeral

“Can we talk?” That was the catchphrase that made Joan Rivers famous. And now it seems that her family’s asked the same question of an estate planning attorney — and they’re getting good advice. Last month, we told you all about Joan River’s elaborate estate plans. Even in death, the comedy titan left us all laughing with her over-the-top burial …

Arizona: Not a Bad Place to Pass Away, Says ‘Forbes’

People are moving to new states in order to save their family money when they pass away. Take, for example, the wealthy man highlighted in Forbes’ recent report about state-to-state variations in estate laws. He’s changing his residency from New Jersey to New York because of recent changes in the latter’s estate tax regime. Forbes went a little further by …