News Archive

ESTATE PLANNING LAW REPORT: August 2020
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 […]

REAL ESTATE LAW UPDATE: July 2020
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 […]

ESTATE PLANNING LAW REPORT: April 2020
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 […]

ESTATE PLANNING LAW REPORT: January 2020
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 […]

REAL ESTATE LAW UPDATE: December 2019
Is Home Title Lock A Valuable Service Or Do You Already Have Insurance That Covers That Risk?

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Home Title Lock is a service that I have heard advertised recently. The service purports to protect home owners against fraudulent title schemes. To oversimplify it, here’s an outline of the scheme that the purveyors of this service are talking about. First, suppose a thief records a forged deed, transferring title to your home to […]

ESTATE PLANNING LAW REPORT: September 2019
How Will the Revised Uniform Fiduciary Access to Digital Act Apply to Your Estate?

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All but a few states in the United States have now adopted the Revised Uniform Fiduciary Access to Digital Assets Act (the RUFADAA). As adopted in Arizona, the RUFADAA defines a “digital asset” as “an electronic record in which an individual has a right or interest.” What does that mean, and how is it going […]

Nine DeConcini McDonald Yetwin & Lacy Attorneys Honored By Peers As Best Lawyers

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DeConcini McDonald Yetwin & Lacy is proud to announce that nine of the firm’s attorneys were selected for inclusion in the 2020- Edition of The Best Lawyers in America©.  They are: Denise M. Bainton – Education Law Nathan B. Hannah – Real Estate Law James A. Jutry – Tax Law and Trusts & Estates John C. […]