attorney laura trujillo

Laura Trujillo Earns Certification

Margrave Celmins is proud to announce that Laura Morrison Trujillo has been certified by the Arizona Bar Association as an Estate and Trust Law Specialist. Michael Margrave said, “We’ve been fortunate to have Laura with us for more than eight years. While she has focused on estate, probate and trust law, she also does work …

2018 ESTATE AND GIFT TAX UPDATE

The 2018 federal exemption against estate and gift taxes is $5,600,000 per person. The current federal estate tax rate 40% for estates that exceed the exemption amount. The federal gift tax annual exclusion increased to $15,000 per person per donor. This is a $1,000 increase to annual exclusion amount, which had been stuck at $14,000 …

2017 FIDUCIARY INCOME TAX UPDATES

Here are 2017 income tax rates for fiduciary income tax returns:  2017 Income Tax Rates for Estates and Trusts (Form 1041): Taxable Income              Tax Rate $2,550 or less                15% of taxable income $2,550 – $6,000             $382.50 plus 25% of excess over $2,550 $6,000 – $9,150             $1,245 plus 28% of excess over $6,000 $9,150 – …

2016 ARIZONA TAX CREDITS FOR 2017 DONATIONS

Tax payers are able to claim dollar for dollar tax credits in 2016 for donations made on or before April 17, 2017. For example, if a married couple contributes $800 on April 15, 2017 to a charity that qualifies under the Working Poor Tax Credit, they will qualify to receive an $800 tax credit (See …