Clicky

Phoenix office: 1850 N. Central Ave., # 1900, Phoenix, Arizona 85004 | Sun City office: 13250 N. Del Webb Blvd. # B Sun City, AZ 85351

Sharon Ravenscroft Estate Planning Blog

Welcome to my blog covering all things estate planning, family estate planning. business planning, wills, trusts & probate.

Estate Planning Changes 2023

 The good news is the estate tax exclusion for 2023 has increased to $12.92 million. This is the total amount that can be given by one person dur...

Continue reading
  368 Hits

Estate Tax Exclusion Change Now and in 2025

The estate tax exclusion has increased to $12.06 million. This is the amount one person can pass gift and estate tax free during their life or upon de...

Continue reading
  995 Hits

New laws for IRAs

Effective in 2020, there are changes that apply to a qualified retirement account such as IRA or 401k. Designated beneficiaries will be required to di...

Continue reading
  2461 Hits

2020 Tax Exemption Increased

  In 2020, the estate tax exclusion increases to $11.58 million. The present gift exemption remains at $15,000. Most Americans can avoid any tax ...

Continue reading
  2314 Hits

Updated Estate Tax Exclusion for 2019

In 2019, there will be an increase in the amount that can pass estate tax free -- one person can now pass a total of  $11.4 million during life a...

Continue reading
  3386 Hits

New statutory changes have made doing business as an LLCs easier.

The statutes that govern a limited liability company ("LLC") have been updated in total. Chapter 7 of Title 10 now replaces the prior statut...

Continue reading
  2847 Hits

Estate Tax Exclusion changes.

The estate tax exclusion has doubled with the new federal tax law which was passed this December 2017.A single person can now pass $11.2 million estat...

Continue reading
  3286 Hits

What if I don't have a Will?

Protecting Families with an Estate Plan.   Most people think of Wills and death when they think of estate planning. However, the distribution of ...

Continue reading
  3578 Hits

Twelve Top Ways to Use a Revocable Trust

As of the new year, the IRS raised the amount that can be passed estate tax free to $5.5 million. Each person can give this total amount as a gift dur...

Continue reading
  3535 Hits

Does my trust need its own Tax Identification number?

​ If your trust is a revocable trust then your social security number can be used for any accounts titled in the name of the trust. You will not ...

Continue reading
  4155 Hits