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Sharon Ravenscroft Estate Planning Blog

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

What is happening with the federal estate tax?

Currently, there is no federal estate tax, but that does not mean there is no taxation at death. Instead, right now there is a capital gains tax that can be levied on any assets over $1.3 million (or $3 million for a spouse). Congress has been struggling with trying to adopt a law which will put the $3.5 million estate tax exclusion back in place--...

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Protect access to your finances-now easier than ever

The Durable Power of Attorney protects your access to your finances. You can give legal authority to the person of your choice to handle your finances if you cannot. Now, a financial power of attorney is simpler than ever. The Arizona legislature removed the requirement of initial each power to protect the agent from civil and criminal penalties if...

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