THOMAS J. BOUMAN
400+ FIVE STAR REVIEWS AND COUNTING
(ON GOOGLE, AVVO, NEXT DOOR & OTHERS)
TOP 3 ESTATE PLANNING LAWYER IN TUCSON
COMPLIMENTARY
INITIAL ESTATE PLANNING CONSULTATIONS
Estate planning attorney Tom Bouman offers complimentary initial meetings to prospective clients who reside in Arizona. The usual topics include wills, living trusts, irrevocable trusts, durable power of attorney, and health care directives. The purpose of the initial meeting is to become acquainted with each other and evaluate your estate planning needs. You will have an opportunity to share your story and any special concerns you have about the process. A fee quote will usually be provided, but there is no obligation to proceed.
COMPLIMENTARY
ARIZONA ESTATE ADMINISTRATION ANSWER BOOK
Practical Answers to Common Questions for Any Size Estate in Arizona
The Arizona Estate Administration Answer Book is your best resource for understanding practical issues that commonly arise when responding to the death of an Arizona resident or property owner. Each chapter provides advice and explanations to help you wade through the complex, and often bizarre, legal requirements associated with estate and trust law in Arizona. Written in easy-to-read question and answer format, the Arizona Estate Administration Answer Book covers a comprehensive list of legal and non-legal matters including:
The 2022 edition is available for instant PDF download from this website for FREE.
The 2022 edition print book is available from Barnes & Noble Press for $25.
- What if the will was signed in another state?
- Who is entitled to information about the deceased person’s assets?
- When is a probate action required?
- What debts are the survivors responsible for?
- What if the property owner was not an Arizona resident?
- Will the State take the home if the deceased person was on ALTCS?
The 2022 edition is available for instant PDF download from this website for FREE.
The 2022 edition print book is available from Barnes & Noble Press for $25.
JUST LOOKING FOR INFORMATION?
WE HAVE ARTICLES TO HELP YOU
This website features more than 35 articles about estate planning, inheritance protection, and estate administration in Arizona. Each article is reviewed regularly by Tom Bouman. Most articles are written in Question and Answer format. They are brief and to the point. You can find some of them by using the estate planning drop-down menu at the top of this homepage or check out the entire library by clicking on the button below.
IMPORTANT LAW UPDATE:
THE 2019 SECURE ACT MAY AFFECT YOUR ESTATE PLAN
The SECURE Act, signed into law on December 20, 2019, is the most impactful legislation to affect estate planning in decades. Although the SECURE Act includes many positive changes in regard to tax-deferred retirement accounts, it no longer permits most non-spouse beneficiaries (e.g., children) to withdraw an inherited retirement account over the beneficiary’s life expectancy (aka “stretch IRA”). Instead, the default law now requires the entire account to be withdrawn and liquidated by the end of the 10th year after the death of the account owner (“10-year liquidation rule”). This change has major implications when considering whether to name an individual or trust as beneficiary of a retirement account.
YES, ARIZONA RESIDENTS CAN ESTABLISH ASSET PROTECTION TRUSTS - LEARN HOW
This brief video summarizes the mechanics of an Arizona-based asset protection trust. Although Arizona law does not permit the use of self-settled asset protection trusts like some other states do, an Arizona resident may establish an Arizona-based irrevocable trust that provides asset protection for all parties involved. The key to making it work is to name other people as beneficiaries of your trust, such as your spouse and/or children, while prohibiting distributions to yourself.