by Laura Trujillo | Jul 16, 2019 | Probate, Estate Planning and Guardianship
Let’s assume you have created a valid E-Will, now what? Under Arizona law the E-Will must be in the custody of a “qualified custodian” at all times. But who is or is not a qualified custodian? A qualified custodian must not be related to the Testator (person creating... 
by Patrick Van Zanen | Jul 9, 2019 | Articles, Litigation
Agreements for the sale of a company (including asset purchase agreements) sometimes contain earnout provisions whereby some portion of the purchase price is paid long after closing and is dependent upon the performance of the company after the buyer takes ownership... by Michael W. Margrave | Jul 8, 2019 | Business and Commercial Law
When businesses are sold in an asset sale transaction, often the purchase price is greater than the book value of the assets. That spread is often referred to as goodwill and is entered by the purchaser on its books as an amortizable asset. Most people likely regard... 
by Laura Trujillo | Jun 18, 2019 | Probate, Estate Planning and Guardianship
Arizona residents will be able to create e-wills as of July 1, 2019. The new law lets the creator of the Will (usually referred to as the Testator), the witnesses, and the notary to sign the E-Will with electronic signatures. So, what is an “electronic signature”?... 
by Michael W. Margrave | Jun 4, 2019 | Business and Commercial Law
In recent years, many people forming closely-held entities abandoned the corporate form of entity in favor of the limited liability company form of entity. Less formalities to deal with, no annual renewal fees to be paid to the state (in Arizona) and more flexibility... 
by Michael W. Margrave | Apr 25, 2019 | Business and Commercial Law
There are millions and millions of family businesses in the US. A typical scenario is where Mom and/or Dad started a business and through significant dedication, effort, and tax and business planning over a period of time turned their business into a financial... 
by Laura Trujillo | Apr 16, 2019 | Blog, Probate, Estate Planning and Guardianship
One of the most common disputes when administering an estate of trust is the distribution of the decedent’s tangible personal property. The most common source of the dispute are the items’ sentimental value. One way to avoid a dispute among your children and family... 
by Michael W. Margrave | Mar 19, 2019 | Business and Commercial Law
Over the years, I have seen many business clients pay an excessive amount of attention to the income or profit and loss statement to the detriment of the other financial statements available, such as the balance sheet, the statement of cash flow and statement of owner... 
by Laura Trujillo | Mar 12, 2019 | Blog, Probate, Estate Planning and Guardianship
Arizona tax payers are able to claim dollar for dollar tax credits in 2018 for donations made on or before April 15, 2019. For example, if a married couple contributes $800 on April 15, 2019 to a qualified charity (formerly known as the Working Poor Tax Credit), they... 
by Michael W. Margrave | Feb 12, 2019 | Business and Commercial Law
About three years ago, I posted a blog on situations where a single-member limited liability company might not provide all the liability avoidance protection to its owner that it supposedly offers (Single Member LLCs — Potential Problems). That blog discussion...