Arizona Estate & Business Law Blog
Lisa M. Pane
Partner
As a former business owner, Lisa is well versed in challenges faced by small businesses and their owners. Her unique prospective benefits her business clients with agreements, employment advice, copyright violations and succession planning. She also assists families with estate planning not only guiding them through the estate planning process but also understanding why this is so vital to their families.
The Corporate Transparency Act Overview
The Corporate Transparency Act (CTA) was enacted as part of the Anti-Money Laundering Act of 2020, and requires certain entities – primarily smaller and unregulated companies – to file a report identifying beneficial owners and company applicants with the U.S....
Powers of Attorney – Planning for Life Is as Important as Planning for Death
Many people think that estate planning is just about what happens when someone dies. However, an equally-important part of estate planning is ensuring that you are cared for while you are still alive. If you become incapacitated, even for a short period of time, who...
How to Probate-Proof your LLC Interest
Whether I’m working on a business transaction or assisting business owners with their estate planning, I always look at how the ownership of the LLC is structured. While many business owners have set up a revocable living trust in order to direct how their...
The Purpose of an LLC’s “Purpose”
When forming your LLC, you may wonder the importance of specifying your company’s “purpose,” and may be tempted to provide a hasty response or use a generic phrase such as “any purpose authorized by law.” The reason defining your company’s purpose is important is...
The Dangers of Joint Bank Accounts
Adding an adult child as a joint owner of a parent’s bank account seems like a simple and straightforward solution that allows the child to help care for mom or dad without the expense or hassle of preparing powers of attorney or other legal documents. Naming a child...
Lessons Learned from COVID-19 – an Estate Planner’s Perspective
One of the best things about working with someone or a couple on their estate plan is that a primary goal is usually to take care of their children, grandchildren, and other loved ones. I enjoy getting to know the families, hearing their stories, and helping them make...
Happy Holidays! Make Gifts that your Family Will Love, but the IRS Won’t Tax
Don’t let the chaos of the holiday season prevent you from avoiding federal gift tax by making “annual exclusion” gifts, medical payments gifts, and educational gifts. Make Annual Exclusion Gifts “Annual exclusion” gifts are transfers of money or property in an amount...
Is There a Business Doctor in the House? Five Business Health Check Points
People generally don’t go into business because they are good at running businesses. Many people go into business because they are passionate about something and they want to share that passion with the world. Whether it’s food, fashion, music, technology, or...
Your Guide to Essential Estate Planning Documents
If you’re like most people, there is a laundry list of things you’d rather do than think about your estate plan. While it can be a challenging area to discuss, your estate plan is essential to ensure you and your family are protected and cared for, and that your...