Limiting Your Liability as A Rental Property Owner in Arizona
If you have a rental property in Arizona, you may want to be proactive about asset protection. For example, if the gas heater explodes at your rental property and people are injured, you will likely be sued. One way to limit your liability or your exposure from a lawsuit is to have your rental property […]
New Arizona Law Regarding Employee Sick Time
Becky Cholewka: Hi, everyone. Just want to tell you about a new law that is going into effect here in Arizona July 1st, 2017.It is the paid sick time leave that everyone is now entitled to if you are working as an employee for a company, whether that’s paid time, seasonal, or full-time. Let me […]
Setting Up POD or TOD On Your Bank Accounts
Becky Cholewka says: I wanted to take a moment and give you a couple tips about your checking savings and brokerage accounts. One way to make sure these accounts avoid the probate process is to make sure you have a beneficiary listed on each of your accounts. That does not mean one beneficiary form per […]
The difference between simple and typical documents
Becky Cholewka: One of the things I hear all the time, probably about 3-4 times a week in my office is “Becky, you know what, I’m simple. I just need simple documents.” What I really think people are trying to tell me is that they are “typical”. Maybe they have a checking account, and a […]
The Truth About Statutory Agents For Your LLC
I’ve had a few people that I’ve run into that have told me that have gotten their business documents by going online and doing it through Legal Zoom, or some other type of online place. That’s fine, but they’ve told me that they’ve also signed up for that same document place to act as their […]
6 Ways a Lawyer Can Help with Finance
Working with your attorney to create a Durable Financial Power of Attorney (POA) ensures that, in the event you become incapacitated due to illness or injury, your financial affairs continue to be handled properly. With this document, you assign an individual whom you trust to act as your financial agent. These decisions may include […]
Register your Rental with the County
Did you know that it is required by state law to register properties that you are renting with the county? My guess is no, because most of the clients we meet with have not registered their rentals. The county isn’t collecting this information for tax purposes, but rather it is ensuring certain protections for the […]
Attorneys Get Paid per Word! And Other Untruths…
Why is my trust so long? As an estate planning attorney who provides comprehensive, solution-oriented planning documents to clients, I get this question almost every week. I have to chuckle, knowing that in the olden days attorneys did get paid per word of each document they created. But not anymore. Most estate planning attorneys work […]
Should I form a S corp. or LLC? (And you thought were no such thing as a stupid question.)
All too often I get told, “My financial planner told me to start a S corp.” or “My CPA said I should be a S Corp. instead of a LLC.” Sadly, these professionals are engaging in the unauthorized practice of law. More disturbingly, they have absolutely no idea what they are talking about. There is […]
Limited liability companies
This is a very loaded topic so let’s break it down: Limited Liability Company (LLC) – a business entity that is created to provide limited liability to its owners. Is often used as a low level form of asset protection. Joint Tenancy With Right Of Survivorship (JTWROS) – a way that at least two […]
