One of the most frustrating things you may experience as you navigate the process of ending your marriage is having to move. In the midst of the transitions you are experiencing, the thought of having to find a new place to live for you and your children could be...
Several celebrities coined a new term that immediately went viral regarding post-divorce parenting. Rather than saying they were getting divorced, they told reporters they were “uncoupling.” They wanted to minimize stress for the whole family regarding child custody...
One of the most challenging aspects of the divorce process for many Arizona spouses is the division of marital property. These matters can especially become a source of contention if you and your soon-to-be ex are involved in a high-asset divorce, where the total...
The amount that can pass estate tax free has increased to $13.61 million per person. A married couple with the appropriate language in their trust can pass twice that amount. The annual gift tax exclusion has also increased and is now $18,000 per recipient per year....
New Federal Reporting Requirements for LLCs, Corporations and Business Entities. Congress has passed the Corporate Transparency Act (“CTA”), which went into effect on January 1, 2024. The purpose of the CTA is to prevent bad actors to hide funds through complex...
Businesses, just like individuals, need to pay income taxes. They file quarterly reports and then also an annual income tax return. That annual return helps reconcile prior tax contributions with the actual amount due based on end-of-year financial reports. Owners and...
Cavanagh Law is pleased to announce that we had four attorneys honored among the Top 100 Lawyers in Arizona for 2024 by the Best Lawyers in America publication.
It is quite common for one spouse to earn more than the other. In fact, many families reach an agreement where someone leaves the workforce at least temporarily to care for a home, minor children or ailing family members. They voluntarily give up personal income and...
Your decision to end your marriage is one perhaps preceded by careful consideration and thoughtful conversations with the other partner. Even when there are strong feelings and even conflict, it is still possible for two adults to work through the terms of their...
A family business might represent someone's only source of income. Business ownership can also play an important role in someone's sense of self. Especially if they started a professional practice after attending school for years or took over the family business, the...