No, because the LLC must have a legitimate business purpose. A business purpose would include providing a service, product, or usable space to an unrelated person or company. Every small business provides a service or product, or both, to the
Continue Reading Will a LLC protect an Arizona resident's personal residence and non-retirement brokerage investments?
Bouman Law Firm
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What is an Irrevocable Arizona-based Hybrid Asset Protection Trust?
Many people I meet would benefit from an irrevocable asset protection trust, a strategy generally assumed to be too complicated and too expensive. But I am not referring to families with vast inherited wealth or the Mark Zuckerberg-type entrepreneurs. So…
Continue Reading What is an Irrevocable Arizona-based Hybrid Asset Protection Trust?
Arizona Domestic Asset Protection Trusts – Coming Soon?
In May 2020 the executive council for the Probate and Trust Section of the State Bar of Arizona approved a proposed statute permitting the creation of Arizona qualified spendthrift trusts. This type of self-settled trust is more commonly known as…
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The Estate Planning Toolbox
In order to be successful as an estate planning lawyer, I must break down complex topics to manageable teaching points. Here are a couple examples:There are 3 tools in the estate planning toolbox for transferring assets upon death:1- Beneficiary designation2-…
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Updating your Estate Plan in Response to the SECURE Act
The SECURE Act, signed into law on December 20, 2019, is the most impactful legislation to affect estate planning in decades. Although the SECURE Act includes many positive changes in regard to tax-deferred retirement accounts, it no longer permits most…
Continue Reading Updating your Estate Plan in Response to the SECURE Act
Updating your Estate Plan in Response to the SECURE Act
The SECURE Act, signed into law on December 20, 2019, is the most impactful legislation to affect estate planning in decades. Although the SECURE Act includes many positive changes in regard to tax-deferred retirement accounts, it no longer permits most…
Continue Reading Updating your Estate Plan in Response to the SECURE Act
Video Conferencing
While in-person office meetings are always preferable in the estate planning context, video conferencing is available through the Zoom app if you need to use this option. Please let the receptionist know that you prefer video conferencing when you schedule…
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Video Conferencing
While in-person office meetings are always preferable in the estate planning context, video conferencing is available through the Zoom app if you need to use this option. Please let the receptionist know that you prefer video conferencing when you schedule…
Continue Reading Video Conferencing
New Article Posted: Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act
My new article regarding how the SECURE Act affects your estate plan is now available. Here it is:“Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act.”
Continue Reading New Article Posted: Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act
New Article Posted: Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act
My new article regarding how the SECURE Act affects your estate plan is now available. Here it is:“Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act.”
Continue Reading New Article Posted: Decision Tree for Naming Retirement Account Beneficiaries after the SECURE Act