By: Mark E. House and Allison E. Evans*
I. Capacity in Arizona
“Capacity” in the legal sense means the legal ability to do something. An individual may be legally incapable of doing something as a result of mental deficiency, marital status or age, to name a few.
Why won’t I be able to get tax savings from my charitable gifts in the future?By way of background,
Most individuals today understand the critical importance of saving for retirement. We were lectured about it by our parents, we stress it to our children, and we discuss it with our employers and financial advisors. Fewer individuals, however, understand the extremely complicated rules and regulations which govern their retirement assets.
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