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Arizona estate planning attorney Allison L. Kierman provides the below information, updates and resources for clients. If you have any questions regarding this information, would like Allison to speak before your organization or at your office, or would like Allison to write an article for your newsletter, paper, or magazine please contact us.

May 19, 2022

Myths and Frequently Asked Questions: Estate Planning for First Responders

Myth 1: I can do estate planning any time. I do not need to worry about it right now. Tragedy can strike at any time. Putting your life on the …

May 16, 2022

Changes to the FAFSA Form and What It Means for Grandparents

For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. Not only can opening a 529 plan account …

May 12, 2022

Considering Bankruptcy for Your Small Business? Here Is What You Need to Know

Starting a small business entails significant risk. You forego the security of a steady paycheck to create economic opportunities for yourself. Business failure rates have remained steady over the years, …

May 09, 2022

Considerations for Hiring Your Child as an Employee

Hiring your child to work in the family business can be a win-win situation for both you and your child. A child employee offers you tax advantages not available with …

May 05, 2022

How to Pay Yourself When You Own an LLC

One significant advantage of organizing your business as a limited liability company (LLC) is the flexibility it affords. The Internal Revenue Service (IRS) allows LLC owners to choose how their …

May 02, 2022

Business Ownership and Divorce: What You Need to Know

Divorce is rarely simple. When two people’s lives are intertwined—physically, emotionally, and legally—separating the individual strands can be a task akin to untying the Gordian knot. The longer a couple …

April 28, 2022

How Do I Obtain a Business Loan?

Small businesses are the backbone of the US economy, accounting for nearly half of the country’s economic activity, creating two-thirds of new jobs, and driving innovation—and business loans are the …

April 25, 2022

Bankruptcy’s Effects on Estate Planning

Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several …

April 21, 2022

What Is the Difference between a Trust and an LLC?

Trusts and limited liability companies (LLCs) are both legal vehicles that can be used to manage and protect assets, minimize taxation, and avoid probate. Whether a trust or an LLC …

April 18, 2022

Mental Health Considerations in Estate Planning

It is okay to not be okay. Removing the stigma of mental health starts with realizing that many people—about one in five of all US adults–are affected by mental illness. …