Planning Notes

Via this blog we address fundamental concepts and issues relevant to estate planning law (will, trust, probate, asset protection), business law (LLC), real estate law, & tax law. Published by Douglas K. Cook & Steven W. Cook.

LLC, Corporation, Trade Name, Trademark: Which Do I Need?

February 16, 2017

You want to protect your business, but what legal strategy will help you to protect it best? This might sound a little like something Yoda would say, but the particular strategy or strategies will depend upon what you are most interested in protecting. Read More»

Fraudulent Conveyances & Asset Protection

February 9, 2017

Although the idea of asset protection, i.e. protecting assets from creditors of the a person who owns them, may seem simple at first glance, it's not. In reality, implicit in asset protection is a rather nuanced process of dealing with the interplay between federal and state law. Read More»

Adopted Children & Arizona’s Intestacy Statute

February 7, 2017

If a person dies without a will in Arizona, can that person's children who were adopted by another person or persons still inherit from the decedent's probate estate? Read More»

Who Inherits My Assets?

January 30, 2017

Have you ever asked yourself this question: If I die without a will, who will inherit my assets? Well, it depends. A will only controls the distribution of probate assets. But what are your probate assets? Read More»

Should I Put My Kids on My Bank Account?

January 9, 2017

When people have heard through the grapevine about the perils of the probate process, they often ask me if they should just add their kids to their bank accounts in order to avoid probate. Read More»

How Are Employee Bonuses Taxed?

December 29, 2016

Bonuses are characterized as a special type of income called "Supplemental Wages." Read More»

Tax Plan Differences: Trump vs. House GOP

December 29, 2016

Although Trump and the Republicans in the House of Representatives generally agree on a number of significant tax reform issues, there are still a number of issues that need to be resolved. Read More»

Special Needs Trust Fairness Act Becomes Law

December 22, 2016

Congress has passed, and the President has signed, a significant change to the law Federal Medicaid laws applicable to supplemental needs trusts, commonly called special needs trusts. Read More»

Who Needs An Estate Plan, Anyway?

December 21, 2016

Almost everyone needs an estate plan, regardless of how much, or how little, property they own. Read More»

Will Arizona Medicaid (ATLCS) Take My Home?

December 20, 2016

The thought of losing their homes to pay for nurshing home or assissted living care, can be devastating for many people. Read More»