contactThere are many kinds of trusts, each with their own advantages and best uses. When creating an estate plan, trusts often arise as a tool for transferring assets without incurring unnecessary taxation. While many trusts offer some form of tax shelter, an AB trust features unique methods for keeping property in the family without creating an undue estate tax.
Gila River deal demonstrates complexity of water rights
Here in Arizona, and in many other parts of the country, access to water is far more complicated than you might expect. Especially because of it's relative scarcity compared to other parts of the country, the statutes that govern water resources and who may control them are very important, but often misunderstood or taken for granted.
Blind trusts: Why are they used?
Over the last year, the term "blind trust" has become a common phrase used by many new outlets and talking heads. Often, it is discussed in the context of President Trump and his numerous business interests. So, what exactly is a blind trust, and how are they used?
Don't go into a real estate transaction without professional help
When it comes to commercial real estate transactions, as with any contract of sufficient complexity, there are many ways that the deal can go sideways. The reality of the matter is that a poorly constructed contract or difficult transaction process can turn a great deal into a nightmare, draining a good prospect of its value. If you are considering a commercial real estate deal, it is important to make sure that you have a professional team around you to help navigate some of the trickier aspects of commercial real estate.
What you should know about using contract employees
As a business owner, it can seem like a good idea to hire independent contractors as staff in your business. You do not have pay taxes or withhold Social Security for these people, but you can get in hot water with the IRS if you are misclassifying employees as contractors. Although there is not a checklist that you can tick off to determine which classification to use, there are questions you can ask to make sure you are classifying your workers appropriately.
Owning real estate in multiple states requires extra planning
When planning your estate, there are number of elements that can provide a surprising amount of complexity. One common issue that arises when creating a comprehensive estate plan is the matter of owning real estate in more than one state. This can lead to a number of issues, especially if you have already established a will and other real estate when you purchase the property.
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