On December 17, 2010, President Obama signed “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act which significantly altered the rules concerning federal estate taxes, gift taxes and generation-skipping transfer taxes for the 2010 through 2012 tax years. Once again the polarized Congress was incapable of reaching a bipartisan long term solution and instead…
Do you have any idea what the number 10,839 represents? It is the number of people killed by an impaired driver in the United States last year. In Arizona (AZ) alone, there were over 14,000 arrests made in 2009 for those driving while under-the-influence; and 4,500 of these came between Thanksgiving and New Year’s Day. …
I don’t think anyone who says “I do” plans on later saying “I don’t.” But here you are, and there are a lot of things to think about. What assets and debts have you and your spouse accumulated during your marriage, and how will they be divided? If you have children together, what parenting time…
With this past weekend’s annual Anthem Tree Lighting Ceremony at a close and the temperature continuing to drop towards the digits that make most of the country envy us Arizonians (at least during the most wonderful time of the year), it is safe to say that the holidays finally have come again to the Valley…
Many people contact our law firm to ask our opinion as to whether they need to have a Trust? They may have friends or family members that have established a Trust or they may have received an advertisement from a financial planner or attorney warning them that if they do not establish a Trust they…
As 2010 draws to a close, there remains a gray cloud of uncertainty over what will happen to the Federal Estate & Gift Tax, often referred to as the “Death Tax”. This tax is the tax imposed by the federal government upon your “estate” when you leave this planet for your heavenly pursuits, i.e., you…
One question that I am often asked by individuals interested in starting a new business or making an investment in real estate is “Do I need to set up a Limited Liability Company (LLC) for my new venture or can I wait until I have the business up and running before I form the LLC?”…
Families are facing so many challenges at this time with the loss of jobs and, consequently, properties that marriages are suffering as a direct result of these situations. Many couples need answers about family law concerning divorce and child custody and child support laws. The Carroll Law Firm is dedicated to providing families with excellent…
This summer, “The Great Recession” achieved another sobering record when the number of initial home foreclosure notices pumped out by those bank “robo-signers” hit the one million mark, and that was for this summer alone! Millions have already lost their homes and in Arizona one out of 55 homes have received foreclosure notices, with the…
Our nation has just experienced an historic drop in the market value of real estate. The so called “Real Estate Bubble Bust” has wiped out trillions of dollars in perceived value in real estate and has resulted in a gross devaluation of both residential and commercial real estate. The vortex of price deflation has caused…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.