Cholewka Law's Response to COVID-19

Cholewka Law
480.497.3770
Call Now For An Appointment
480.497.3770
  • Home
  • whoWe Are
    • Our Firm
    • Our Team of Legal Experts
    • Testimonials
  • whatWe Do
    • Estate Planning
    • Wills
    • Trusts
    • Probate
    • Trust Administration
    • Financial Power of Attorney
    • Health Care Power of Attorney
    • Mental Health Care Power of Attorney
    • HIPAA Authorization
    • Living Will
    • Beneficiary Deed
  • getEducated
    • Blog
    • Videos
    • Arizona Legal Newsletters
    • Estate Planning Guide
    • Probate Guide
  • upcomingEvents & News
    • News
  • how toContact Us
  • clientdocxLogin
  • keythreePlan
  • frontlinePlan

HomeEstate Taxes

Posts in category: Estate Taxes

I Don’t Want the State to Get My Money & Other Concerns…

April 8, 2016
Estate PlanningEstate TaxesInheritanceWills

One of the most common concerns I hear is "I don't want the state to end up with my money." Fortunately, that scenario almost never happens. Money only escheats (reverts back) to the State when you do not have any heirs that could inherit your estate.

Read More

6 Ways a Lawyer Can Help with Finance

April 7, 2016
Business PlanningDurable Power of AttorneyEstate AdministrationEstate PlanningEstate TaxesFinancesLife InsurancePower of AttorneyWills

  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 as

Read More

Basic Guide To Estate Planning

March 12, 2015
Estate PlanningEstate TaxesTrustsWills

Since estate planning attorneys are deeply involved in the intricacies of the field, they sometimes forget that many people don't really understand what is involved. View image | gettyimages.com That's why it is usually good to review the basics.

Read More

Three Keys About Estate Planning

February 19, 2015
Estate PlanningEstate TaxesGifting

In 2015, you can leave gifts to other individuals upon your death worth up to $5.43 million free of any federal estate taxes. This is the so-called estate-tax exemption. If married, both you and your spouse are entitled to separate $5.43 million exempt

Read More

Protecting Against Taxes

January 15, 2015
Estate PlanningEstate TaxesTaxesTrusts

When the ball dropped on New Year's, it signaled more good news for the fairly wealthy and their heirs -- the exemption from federal estate taxes jumped to $5.43 million for those who die in 2015. View image | gettyimages.com That's up from $5.34

Read More

How Will Estate Taxes Affect Me?

December 12, 2014
Estate PlanningEstate Taxes

Arizona does not have an estate tax (also called "death taxes.") The federal estate tax is adjusted for inflation each year. In 2014, assets more than $5.34 million dollars are taxed at 40%. Currently, only .03% of Americans have federally taxable est

Read More

Exemption Increases Again

November 6, 2014
Estate Taxes

The Internal Revenue Service has announced that the estate tax exemption for 2015 has jumped to $5.43 million per person, up from $5.34 million, due to an adjustment for inflation. For a married couple, the exemption increases to nearly $11 million, sa

Read More

Estate Planning Not Only For The Wealthy

October 23, 2014
Estate PlanningEstate TaxesTrustsWills

A widely held misconception says that estate planning is only for the wealthy, as a way to save on taxes. http://gty.im/102070486 A story on cnbc.com says that nothing could be further from the truth. Estate planning is about giving what you want

Read More

Some Estate Planning Myths

May 29, 2014
Asset DistributionEstate PlanningEstate TaxesGift TaxTrustsWills

There are several myths about estate planning that can cause confusion and, if you believe them, can end up causing problems for your family, says an article on Forbes. com. Among them: 1) Estate planning is only for the rich. (Photo credit: NATEPE

Read More

Finish Your Planning in 2014

February 6, 2014
Asset ProtectionBeneficiariesEstate PlanningEstate Taxes

(Photo credit: James Marvin Phelps) If you don't have an estate plan, a recent article suggests that one of your 2014 resolutions should be to create one. Everybody, without exception, can benefit from the creation of an estate plan. The article discu

Read More

Incorporating Income Tax Planning Into Your Estate Plan

October 24, 2013
Estate PlanningEstate TaxesLoansTaxes

As estate-planning attorneys settle into the new tax rules for 2013, the focus of estate planning is beginning to take a marked shift. The $5.25 million federal estate tax exemption means that fewer people will have to plan to avoid federal estate taxes.

Read More

Does Portability Eliminate the Need for a Bypass Trust?

October 17, 2013
ATRAEstate PlanningEstate TaxesTaxesTrusts

One of the many benefits of the American Taxpayer Relief Act of 2012 is that it made portability permanent. Often used as an estate-planning vehicle, portability allows married couples to share unused portions of their federal estate tax exemption. Anothe

Read More

Considering Gandolfini’s Will

August 8, 2013
Estate PlanningEstate TaxesTrustsWills

Last June, "Sopranos" actor James Gandolfini died of a heart attack at the age of 51. Shortly after his death, Gandolfini's will became public. Since then, experts have considered the wisdom of the provisions in his will. As a recent article explains, exp

Read More

New Uses for Life Insurance

July 18, 2013
Estate PlanningEstate TaxesLife Insurance

Prior to the tax law changes of 2012, life insurance policies were commonly used to provide cash on hand for the decedent's heirs to pay off any estate taxes. Now that estate taxes will apply to fewer estates, estate planning attorneys are exploring alter

Read More

New Budget Plan May Have Serious Effects on Estate Plans

June 27, 2013
Estate PlanningEstate Taxes

Recently, President Obama released his proposed 2014 budget plan. As a recent article explains, financial advisers and estate planning attorneys have since been analyzing how the new plan will affect their clients. Under the new budget plan, the federa

Read More
© 2021 Cholewka Law. All rights reserved.
Shopping Basket
X
  • Home
  • Who We Are
    • Our Firm
    • Our Team of Legal Experts
    • Testimonials
  • What We Do
    • Estate Planning
    • Wills
    • Trusts
    • Probate
    • Trust Administration
    • Financial Power of Attorney
    • Health Care Power of Attorney
    • Mental Health Care Power of Attorney
    • HIPAA Authorization
    • Living Wills
    • Beneficiary Deed
  • Get Educated
    • Blog
    • Videos
    • Arizona Legal Newsletters
    • Estate Planning Guide
    • Probate Guide
  • Upcoming Events & News
    • News
  • How to Contact Us
    • Clientdocx Login
  • KeyThree Plan
  • FrontLine Plan
Menu
  • Home
  • Who We Are
    • Our Firm
    • Our Team of Legal Experts
    • Testimonials
  • What We Do
    • Estate Planning
    • Wills
    • Trusts
    • Probate
    • Trust Administration
    • Financial Power of Attorney
    • Health Care Power of Attorney
    • Mental Health Care Power of Attorney
    • HIPAA Authorization
    • Living Wills
    • Beneficiary Deed
  • Get Educated
    • Blog
    • Videos
    • Arizona Legal Newsletters
    • Estate Planning Guide
    • Probate Guide
  • Upcoming Events & News
    • News
  • How to Contact Us
    • Clientdocx Login
  • KeyThree Plan
  • FrontLine Plan

Get Your FREE Report

Estate Planning Guide

An Introduction to Estate Planning Concepts and Tools
Download Here

Probate Guide

An Introduction to Settling an Estate Through Probate
Download Here