News Archive

Tax Law Special Report: December 2020
If Someone Calls You and Says They Are From The Government, Then Makes Demands Or Threats, They Are Trying To Rob You

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I can say without hesitation that no government agency will do any of the following: (1) ask you to pay a debt to a government agency with a prepaid debit card or a gift card. (2) demand payment of a debt to a government agency without having told you first, in writing, how much they […]

DeConcini McDonald Yetwin & Lacy Announces Paul M. Tilley and Ryan D. O’Neal as their Newest Shareholders

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DeConcini McDonald Yetwin & Lacy, PC is honored to announce attorneys Paul M. Tilley and Ryan O’Neal as their newest shareholders, effective January 1, 2021.  Both attorneys joined the DMYL Tucson law offices in 2015. Attorney Tilley is a member of the Natural Resources Practice Group and Real Estate Group.  His primary practice areas include public […]

Shareholder Jody Corrales Honored in American Bankruptcy Institute’s “40 Under 40”

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DeConcini McDonald Yetwin & Lacy congratulates shareholder Jody Corrales for being selected by the American Bankruptcy Institute as an honoree of its 2020 “40 Under 40” initiative.  This initiative recognizes 40 top industry professionals under the age of 40 who are the emerging leaders in Insolvency Practice. Honorees are chosen from a diverse group of firms and represent diverse practice […]

What Is “Funding” A Trust?

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I have written at various times in the past about re-titling your assets after you have established a trust, and emphasized the importance of this process.  When you establish a trust, the objective is to facilitate the management, and eventual distribution, of your assets. To make that work, there must be assets that are owned […]

Does The Government Seize Your Property If You Underpay Your Property Taxes?

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You may have heard about a recent decision by the Michigan Supreme Court that said the government could not seize a home because the owner underpaid the property taxes by $8.41. The court’s reasoning was that the outcome amounted to the government taking the property without just compensation, in violation of the constitutional guarantee that […]

DeConcini McDonald Yetwin & Lacy Announces Jody A. Corrales Appointed as Trustee

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DeConcini McDonald Yetwin & Lacy, P.C. congratulates attorney Jody A. Corrales for her appointment to the United States Department of Justice, U.S. Trustee Program as a Subchapter V Trustee for the District of Arizona.  Ms. Corrales will serve on the panel as a trustee for cases filed under subchapter V of chapter 11.  She serves as one […]

Frequently Asked Questions About Wills

Here are some frequently asked questions (FAQs) about wills.  The rules discussed below are specific to Arizona, but most states probably have similar rules. •Why is it important to preserve an original will?  Putting aside for the moment the possibility of an electronic will (discussed in my November 2019, Report) the answer to question of why […]

Tax Law Special Report: February 2020
What’s The Big Deal About The Secure Act?

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I have been getting questions about the SECURE Act. That’s legislation recently adopted by Congress that changes certain rules governing the tax treatment of retirement accounts, including when you can put money into or take money out of such accounts. The change that has been talked about the most in estate planning circles is that […]

Do I Have To Pay Tax On My Inheritance?

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I have addressed in previous reports the tax consequences of gifts and inheritances, but the subject is worth revisiting because I get asked about it frequently. There is a common misconception that inheritances are automatically taxable. Although the reasoning behind that misconception is usually not clearly articulated, or is unexpressed, I think it originates with […]