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The Connor Law Firm
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St. George, UT

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Scottsdale, AZ

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Month: January 2019

Basis: A tax concept that your must understand.

Posted on January 17, 2019 | by bconnor

If you or someone you know has received an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the value of an appreciated asset – for tax purposes – upon inheritance.

IRS Taxes

An executor who has to file Continue reading →

CAUTION:  Five critical estate planning mistakes.

Posted on January 16, 2019 | by bconnor

Sadly, most Americans are indifferent to estate planning – at best – or completely ignore the issue – at worst. When it comes to estate planning, however, there are just some mistakes that you cannot afford to make. Below are five of the most critical estate planning mistakes.

(1) Continue reading →

Life Insurance and Estate Planning: Protecting Your Beneficiaries’ Interests

Posted on January 11, 2019 | by bconnor

One misconception people have about life insurance is that naming beneficiaries is all you have to do to ensure the benefits of life insurance will be available for a surviving spouse, children, or other intended beneficiary. Life insurance is an important estate planning tool, but Continue reading →

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