Monthly Archives: June 2013

How does a Durable Power of Attorney Work?

Power of attorney documents are used in a variety ways and can differ in authority and duration.  One of the most common types of power of attorney is a General Durable Power of Attorney.  This is a document that is … Continue reading

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Is It Tax Planning or Tax Evasion?

I have previously quoted Judge Learned Hand’s famous quote regarding the duty that United States Citizens have to their country when paying taxes. In a legal opinion Judge Hand stated: “Anyone may arrange his affairs so that his taxes shall … Continue reading

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Give the Gift of Creditor Protection

There are several goals that an estate plan can address, one that I think is pretty interesting is creditor protection and asset protection. For purposes of this article, when I say creditor protection I am referring to the ability to … Continue reading

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ALTCS-ARIZONA MEDICAID PROTECTIONS FOR THE HEALTHY SPOUSE

The Arizona Medicaid program that provides long term care benefits for qualified individuals known as the Arizona Long Term Care System commonly known as ALTCS provides special protections for the spouses of Medicaid applicants to make sure the healthy spouse … Continue reading

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Do You Know How New Health Care Laws Affect Your Business?

In March, 2010, President Obama signed The Affordable Care Act. This act of Congress, often referred to as “Obama Care,” included penalties for businesses that do not provide health insurance to employees.  These new penalties begin to take affect in … Continue reading

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A Debtor’s Homestead and a Creditor’s Claimed Judgment Lien Against Debtor’s Homestead…Who Wins??

A common attorney response to this question is often “it depends”.  For many reasons, attorneys cannot readily answer a question without further research and even after exhaustive research has been performed, a definitive response still may not be possible. That … Continue reading

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The IRS Cuts Off Its Nose To Spite Its Face

Congress has long sought to encourage citizens to turn in people suspected of cheating on their taxes.  The government refers to these would-be informants as whistleblowers.  Despite congress’ intention the IRS has never been fond of whistleblowers.  The agency’s antagonistic … Continue reading

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Finalmente . . . IRS Cuts Some Slack for Owners of Mexico Vacation Properties

The IRS has just issued a Revenue Ruling cutting some slack for US citizens who own vacation property in Mexico.  Under Mexican law, non-Mexican persons are prohibited from owning residential real estate in certain areas of the country (usually vacation … Continue reading

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Is There Such a Thing as a Bad Tax Break?

Explorers the world over have set out in search of the earth’s most elusive mysteries; The lost city of Atlantis, the golden city of El Dorado, big foot, and extraterrestrials.  In a recent article by CNN, the esteemed news organization … Continue reading

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