Publications Archive

Tax Law Special Report: September 2023
“Emails Claiming ‘Your Account Has Been Put on Hold’ Are Scams”

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The above headline is quoted from a news release by the IRS last year (IR 2022-36). That news release discussed a spear phishing scam targeting tax preparers. It warned tax preparers to be on the lookout for bogus emails attempting to steal their tax preparation software credentials. The fallout from even one such theft could […]

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: 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 […]

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 […]