Newsletters Archive

ESTATE PLANNING LAW REPORT: June 2023:
How Will the Revised Uniform Fiduciary Access to Digital Assets Act Apply To Your Estate?

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Forty-five 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 to be applied […]

Tax Law Special Report: November 2022
If You Own a Corporation, A Limited Liability Company, or a Limited Partnership,You Need To Know About This New Reporting Requirement

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Rules to implement federal legislation called the Corporate Transparency Act were announced by the federal government on September 29, 2022. Those rules require all corporations, limited liability companies (LLCs), and limited partnerships formed in the United States to report the personal information of every individual who owns at least 25% of, or exercises “substantial control” […]

ESTATE PLANNING LAW REPORT: May 2022:
Ways To Leave Things to People Outside of a Will

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by Nathan Hannah, Attorney Some of you have heard me say that probate is the process of changing the ownership of assets that are owned by someone who has died. More broadly speaking, that’s really what estate planning is all about.  It’s setting up mechanisms to pass ownership of your assets to your beneficiaries.  There are […]

REAL ESTATE LAW UPDATE: October 2021
What Is The Homestead Exemption, How Does It Work, and What Has Changed

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Nathan B. Hannah is a Shareholder in the Tucson office, and practices in the areas of estate planning and administration, real estate, and commercial transactions.  He is also a noted blogger, and you can find more of his articles on his private blog, Contact Attorney Hannah:   nhannah@dmyl.com  or  520/ 322-5000 This communication is designed to bring legal […]

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 […]

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 […]