Trying to Hide the Ball Arizona’s Fraudulent Transfer Act
In Arizona, certain transactions are voidable when they are made to evade creditors. The Arizona Fraudulent Transfer Act (the “Act”), found at A.R.S. § 44-1001…
Recent changes in estate and gift tax rules make traditional A/B Trust planning more complex, and perhaps unnecessary. The personal exemption amount has been substantially increased and made “portable.” Portability allows a surviving spouse to use a deceased spouse’s unused estate tax exclusion, thereby changing consideration concerning the need for the traditional A/B Trust for tax reasons. However, other factors should also be considered.