Arizona Wealth Law

Top 7 Arizona cities for luxury rentals - AZ Big Media

Top 7 Arizona cities for luxury rentals - AZ Big Media Affluent lifestyle renters have skyrocketed in recent years, driving up the demand for luxury single-family rentals across the U.S.

Happy to all the men out there working hard and making it happen for their families. We are privileged to work with some very successful people, and one of the most common things that they tell us motivates them to do what they do, is what it allows them to provide for their family, including things they themselves likely never had. Keep up the great work guys.

’sDay

Arizona CPAs: Don't Let Your Clients Miss A Crucial Window for Estate Planning - Preparing for 2026 Changes

A Crucial Window for Estate Planning: Preparing for 2026 Changes Contrary to common belief, the benefits of estate planning aren’t exclusive to the ultra-wealthy. The mid-affluent—individuals and married couples poised for significant asset growth—should also consider their future tax exposure.

Country club dues, membership fees are skyrocketing.


via Phoenix Business Journal

Country club dues are skyrocketing. Here's what's driving the trend and the outlook ahead. - Phoenix Business Journal Country club dues and membership fees rose nearly 40% between 2006 and early 2020. Then Covid-19 happened.

Reason number 237 to update your estate plan and beneficiary designations.

His Ex Is Getting His $1 Million Retirement Account. They Broke Up in 1989. As millions of Americans build up sizable workplace retirement assets, disputes over who gets the money are on the rise.

Can you file a complaint against your HOA with the Arizona dept. of real estate? Sure, here's how.

Homeowners Association Dispute Process | Arizona Department of Real Estate SUBMITTING A PETITIONTo complete the Petition form, click here.Submit the completed Petition and all paperwork using ADRE's Message Center, here.The Department cannot accept Petitions (complaints) filed by or against renters, non-owners, directors, representatives, other homeowners or community mana...

Attn: AZ PARENTS
Memorial day started the "100 deadliest days of the year". Make sure you are managing the risk of parental liability. Here, Ike Devji visits with attorney Bob Sewell on the 'Is That Even Legal?' podcast and discusses parental liability for the actions of children and the Gilbert Goons case that has caused so many lawsuits.

Parents Liability For Actions of Children - The Gilbert Goons Parents can be sued for the actions of their children. What to do to protect yourself and how it is playing out in the Gilbert Goons case.

AZ Wealth Law Founder and Managing Attorney Ike Devji included among 'Paradise Valley's Top Attorneys' list. Ike has 20 years of experience devoted exclusively to Asset Protection law for a national client base that includes HNW entrepreneurs, physicians, business owners and real estate investors, and is a member of Scottsdale Professionals Collective.

Beware of phishing scams.

Scottsdale woman loses $25,000 to scammers gets $128 refund from bank, now she's fighting to get her money back and to protect others Taylor Trost says the scam started with a text message from someone pretending to be from her bank.

Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states.

Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states Rising home insurance premiums are the latest squeeze on homeownership.

Buyers remorse on big ticket items?

That dream vacation home. The classy wristwatch. The RV to see the country. We all make big purchases that we later wish we hadn’t. 🔗https://on.wsj.com/3R0h1KQ

The freedom to pursue our dreams and the prosperity that we enjoy in this country is due largely to the service and sacrifice of those who came before us. We honor them on Memorial Day.

Six Items that Could Trigger an IRS Audit. Wealthy individuals with a red flag on their tax returns are more at risk. (And there is more bad tax advice on social media than even before)

Six Items that Could Trigger an IRS Audit Wealthy individuals with a red flag on their tax returns are more at risk.

What’s old, and what’s next.

Why You Should Be Snapping Up Neo-Vintage Watches—and How to Start Collecting Them

I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage? “My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”

I’m a Real Estate Investor: 10 Places I Would Never Buy Property Factor in Things Like Safety and Returns on Investment Historically speaking, investing in real estate has seen significant returns. The S&P 500 Index found that the average annual return on...

Revealing Divorce Statistics In 2024 (And why asset protection planners like us always advise clients to get a pre-nup)

Revealing Divorce Statistics In 2024 Most people have heard that half of all marriages end in divorce, but is there more to the story? These divorce statistics shed more light on when and how marriages come to an end in the United States. Read on to find out the truth about who is dissolving their marriages.

In Ep. #42 of the Podcast, Bradley Scott, an experienced commercial real estate and business broker who specializes in guiding business owners through the complex process of selling their businesses, took us through the due diligence process and what that means for his clients.

On this episode, family office CEO, Armando Roman and Brad discuss the essential steps involved in preparing a business for sale, such as thorough valuations and managing legal and financial documents effectively.

Navigating the Emotional and Practical Sides of Selling Your Business with Bradley Scott - Founders Guide Post Podcast In Ep. #42 of the Podcast, I had the pleasure to sit down with Bradley Scott, an experienced commercial real estate and business broker who specializes in guiding business owners through the complex process of selling their businesses.

Some good solid financial basics that your kids may not be learning at school.

𝟏𝟑 [𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝] 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐭𝐨 𝐭𝐞𝐚𝐜𝐡 𝐲𝐨𝐮𝐫 𝐡𝐢𝐠𝐡 𝐬𝐜𝐡𝐨𝐨𝐥 𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞𝐲 𝐥𝐞𝐚𝐯𝐞 𝐟𝐨𝐫 𝐜𝐨𝐥𝐥𝐞𝐠𝐞:

🏦 𝐘𝐨𝐮’𝐫𝐞 𝐧𝐞𝐯𝐞𝐫 𝐭𝐨𝐨 𝐲𝐨𝐮𝐧𝐠 𝐭𝐨 𝐬𝐚𝐯𝐞
Kids can and should have savings goals and even retirement accounts.

📈 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐢𝐬 𝐚 𝐛𝐞𝐚𝐮𝐭𝐢𝐟𝐮𝐥 𝐭𝐡𝐢𝐧𝐠
Explaining compound interest can help a savings-resistant teenager find the motivation to stash away cash.

📉 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐦𝐢𝐠𝐡𝐭 𝐛𝐮𝐫𝐲 𝐲𝐨𝐮
Talk about how compound interest could bury a young spender in debt.

💸 𝐘𝐨𝐮 𝐝𝐨𝐧’𝐭 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐠𝐨 𝐢𝐧𝐭𝐨 𝐝𝐞𝐛𝐭 𝐭𝐨 𝐩𝐚𝐲 𝐟𝐨𝐫 𝐜𝐨𝐥𝐥𝐞𝐠𝐞
Attend part-time, work while in school, choose a cheaper school, graduate early, and start at a community college.

📜 𝐂𝐨𝐥𝐥𝐞𝐠𝐞 𝐝𝐞𝐠𝐫𝐞𝐞𝐬 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐚𝐥𝐥 𝐜𝐫𝐞𝐚𝐭𝐞𝐝 𝐞𝐪𝐮𝐚𝐥
Students should research to learn if their degree will lead to job opportunities.

🧯️ 𝐄𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐧𝐞𝐞𝐝𝐬 𝐚𝐧 𝐞𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲 𝐟𝐮𝐧𝐝
This money can be used for emergency car repairs and other issues that crop up during college.

🚘 𝐀 𝐜𝐚𝐫 𝐢𝐬𝐧’𝐭 𝐚 𝐠𝐨𝐨𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭
Cars are depreciating assets. Taking out an interest-bearing loan for a car should be a last resort.

🏃‍♀️ 𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐮𝐩 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐉𝐨𝐧𝐞𝐬𝐞𝐬 𝐜𝐨𝐮𝐥𝐝 𝐰𝐫𝐞𝐜𝐤 𝐲𝐨𝐮𝐫 𝐥𝐢𝐟𝐞
Teens want to fit in with their peers. If they can step back from the drive to keep up with others, they may make much better financial choices in the future.

💳 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐭𝐡𝐞𝐫𝐞 𝐭𝐨 𝐬𝐞𝐥𝐥 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐠𝐬
College orientations are rife with booths from various local banks and large credit card companies peddling their wares.

🙂 𝐁𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐝𝐨𝐞𝐬𝐧’𝐭 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐛𝐞 𝐚 𝐝𝐫𝐚𝐠
Students may think budgeting means never buying a pair of jeans or spending any money. But it’s about taking control of your money to meet financial goals.

✅ 𝐍𝐨𝐭 𝐚𝐥𝐥 𝐝𝐞𝐛𝐭 𝐢𝐬 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭
Students should understand how to avoid expensive forms of debt, such as long-term student loans, depreciating car loans, and high-interest credit cards. However, they also need to understand when to use debt and how to manage it wisely.

📊 𝐂𝐫𝐞𝐝𝐢𝐭 𝐬𝐜𝐨𝐫𝐞𝐬 𝐚𝐫𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭
Students should learn early on about their credit scores and how to maintain one. Talk about what a good score is and how to maintain excellent credit.

💰 𝐋𝐢𝐯𝐢𝐧𝐠 𝐭𝐚𝐤𝐞𝐬 𝐦𝐨𝐧𝐞𝐲 — 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐢𝐭
Experiment with pretend money. Go through a typical budget and have them “pay” for basics like rent or a mortgage, groceries, student loan payments, and vehicle expenses. When they see what’s left, they’ll know how much it costs to be an adult.

Source: Dough Roller >>> https://bit.ly/3UDtxkh

What happens to the earnest money deposit if the buyer backs out because of a short-term rental?

A short-term rental next door nixed a home sale. What happens to the earnest money? What happens to the earnest money deposit if the buyer backs out because of a short-term rental? Find out in this week's real estate law column.

I’m a 42-year-old father with a $210,000 investment property. Can I leave it to my daughter without triggering a large capital-gains tax? (Doing this wrong will cost your hears $$$$$)

I’m a 42-year-old father with a $210,000 investment property. Can I leave it to my daughter without triggering a large capital-gains tax? ‘‘I bought the property for $120,000 and it’s currently valued at $210,000. My daughter says that she wants this home to be her first home.”

Good choice.

.

Mummy Mountain Road in top ‘aspirational streets’ list - Paradise Valley Independent In cities across the country, certain streets are not just thoroughfares — they are symbols of status and sophistication that offer more than an address, but rather a lifestyle. For real estate …

HNW? Have a trust? Have more than 5 beneficiaries?
The FDIC Change That Leaves Wealthy Bank Depositors (Including Trusts) With Less Protection.

The FDIC Change That Leaves Wealthy Bank Depositors With Less Protection The FDIC Change That Leaves Wealthy Bank Depositors With Less Protection

Developers and Investors, are you prepared?
"A challenging, wonky year": Distress looms in Phoenix's multifamily housing market - Phoenix Business Journal

'A challenging, wonky year.' Does distress loom in Phoenix multifamily market? - Phoenix Business Journal "It's gonna be a challenging, wonky year this year," said one Phoenix multifamily expert.

The were just declared a "Steet Gang" by police. What every parent should know about their legal and financial liability for the acts of their children.

Parents Liability For Actions of Children - The Gilbert Goons Parents can be sued for the actions of their children. What to do to protect yourself and how it is playing out in the Gilbert Goons case.

Forgoing marriage? Estate planning for unmarried couples.

Forgoing marriage? Estate planning for unmarried couples Unmarried, cohabiting couples experience the same joys and challenges as married couples but without marriage’s legal entanglement. The lack of legal standing, however, means estate planning requires more thought and action.

Majority of US couples do not have an estate plan, study finds. (The amount of unnecessary expense, stress and delay this generates for those you leave behind is crazy, and avoidable if you plan).

Majority of US couples do not have an estate plan, study finds Ameriprise Financial's latest "Couples, Money & Retirement" survey found U.S. couples overwhelmingly agree on retirement goals, but most do not have an estate plan in place.

'Generation-skipping trust for estate planning. What is a GST and when should you use it?

Generation-skipping trust for estate planning - InvestmentNews One estate planning strategy is the generation-skipping trust. Should this be part of your clients’ estate planning toolkit?

Should You Sell Your Business? Ask Yourself These 5 Questions First (We can help you exit and protect the proceeds of your sale).

Should You Sell Your Business? Ask Yourself These 5 Questions First Selling your business can open up new doors of opportunity. To decide if the time is right, try asking yourself these five questions.