According to a 2015 survey conducted by CNBC.com, many high net-worth families have not taken the basic steps for estate planning in Phoenix. Dubbed “the CNBC Millionaire Survey,” the project polled 750 millionaires regarding the status of their estate plans. The findings of this survey are eye-opening. Of families with
Estate disputes happen all the time. Someone who expected an inheritance and did not get it may turn to the legal system for resolution. The whole process can be expensive, time consuming and emotionally draining for all involved. If you work with a qualified estate planning consultant in Phoenix, you
The field of wealth management covers a vast subject area, including financial planning, estate planning, retirement planning, tax planning, portfolio management, asset management, risk management and more. As you seek advice, you will find a wide range of professionals with varying qualifications. The complexities involved in all aspects of wealth
End of life discussions are not pleasant. However, to ensure you and your family member’s final wishes are carried out, you need to have these conversations – and sooner rather than later. Working with professionals who provide estate planning in Scottsdale can streamline the process. You and your advisor can
This is a question many people ask and one in which the answer often leads to confusion. Basically, an estate tax is levied on the net value of an estate after a person dies and before the assets are distributed to the heirs. You may be liable for both federal
Fortunately for Arizona residents, the answer to these questions is no! Unlike Arizona, some state have an inheritance tax. But Arizona has long been a top tax-friendly state for retirees. An inheritance tax is imposed on a beneficiary when he or she inherits an asset. The inheritance tax is different
Understanding estate planning basics is an absolute requirement, especially for high-net-worth individuals. The more things you own of value that you want to give to heirs and/or charity, the more complicated your estate planning will be and the greater need you’ll have for the help of a professional financial advisor.
Almost everyone has an estate. So, almost everyone will need to participate in some sort of estate planning. The first step in the process is to understand the concept – really what is estate planning? Put in the simplest terms, your estate is everything you own. All your assets, including
Nobody likes to think about their life coming to an end. However, lack of proper estate planning can lead to family squabbles, your wishes not being carried out as you directed, drawn-out court cases and a larger than necessary chunk of your money going to estate taxes. If you plan
The first step in determining whether an inheritance tax is due is understanding the different types of taxes a beneficiary might be obligated to pay. If you inherit assets from an estate, you could be subject to federal estate taxes, state estate taxes and/or inheritance taxes. The amount of tax
We are available to service anyone in the United States and our primary customer base is from Arizona and the Southwestern US and in particular: Scottsdale • Paradise Valley • Phoenix • Chandler • Mesa • Tempe • Surprise • Glendale • Cave Creek • Peoria • Tucson • Sedona. Advisory services offered through WealthTrust Arizona, a registered investment advisor. WealthTrust Arizona does not engage in the trust business in the state of Arizona or in any other jurisdiction. Not FDIC insured. Not bank guaranteed. May lose value, including loss of principal. Not insured by any state or federal agency.