Frazer Ryan Goldberg & Arnold

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Although Nakamoto, whose name is thought to be a pseudonym for an individual or group, has been silent since 2011, his prototyped cryptocurrency system continues to explode, with many new forms of cryptocurrency available. Its blockchain structure, in which a publicly available ledger tracks all transactions, has potential applications beyond currency. For example, self-enforcing agreements embedded in computer code and managed by a blockchain, known as “smart contracts,” may be used to replace certain contracts, since they allow parties to digitally facilitate and enforce the performance of contracts. Because of its decentralized nature, there is no need to pay intermediaries,…
On September 11, 2020, elder law attorney  Marsha Goodman will participate as a speaker in “ALTCS Planning for Married Couples,” a Maricopa County Bar Association Continuing Legal Education program. As more and more baby boomers are diagnosed with dementia and other chronic conditions of aging, many people need to look to the Arizona Long Term Care System (ALTCS) to assist with the cost of care. Applicants for benefits who are married are often relieved to discover that they can retain a significant portion of their assets and still be eligible for benefits. However, the manner in which ALTCS calculates the…
On June 23, 2020, the IRS issued Notice 2020-51 , which provides guidance on the waiver of 2020 required minimum distributions (RMDs) from individual retirement accounts (IRAs) and individual account retirement plans (defined contribution plans but not defined benefit plans). We initially discussed the RMD waiver in our March 30, 2020, article, ” Required Minimum Distributions Waived for 2020 .” In Notice 2020-51, the IRS included several areas of relief, including those summarized below. RMD ROLLBACKS EXTENDED UNTIL AUGUST 31, 2020 As noted in the prior article, if an individual has already withdrawn his or her RMD for 2020 or…
For the sixth straight year, Frazer Ryan ranks among Arizona’s top 50 best places to work. Selection recognizes companies that offer a great work atmosphere and is based on the results of employee surveys that measure culture, work environment, leadership, and employee pride and satisfaction, combined with rigorous evaluations of workplace practices, policies, perks and demographics.…
Whether your business owes money or is owed money, a basic understanding of the new law could keep you out of trouble. In all the tumult of the last few months, you might have missed a new bankruptcy tool that is a game changer. The Small Business Reorganization Act (SBRA), which became law in February 2020, streamlines and simplifies many of the rules applicable to small Chapter 11 reorganizations. If you have ever had the unpleasant experience of participating in a Chapter 11 bankruptcy, as a creditor, debtor, defendant, etc., then you know Chapter 11 is time consuming, expensive and…
On May 4, Governor Ducey issued an executive order that requires certain categories of Arizona care facilities to report to residents – and their guardians, agents under powers of attorney, and next of kin – any occurrence of COVID-19. Executive Order 2020-35 requires licensed nursing care and residential care institutions, including intermediate care facilities for individuals with intellectual disabilities, and medical group homes for individuals with developmental disabilities, to “report to current residents of congregate settings, next of kin and guardians the number of diagnosed cases and deaths due to COVID-19 occurring within the population of the facility within 24…
Managing a loved one’s care during these unprecedented times might call for non-traditional forms of communication, and self-education about recent changes in the law. If a loved one lives in a residential care facility, whether it be assisted living, memory care or a group home, you may be the person on whom they rely to manage their care. Difficult enough in the best of situations, managing someone else’s care has taken on unprecedented challenges since the start of the coronavirus pandemic. Government stay-at-home orders and residential care facilities’ prudent measures preventing visitors cause feelings of isolation for both the residents…
In an effort to give financial relief to business owners, workers and taxpayers suffering from the coronavirus pandemic, during the last few weeks, the federal government has issued a dizzying array of legislative and policy initiatives. Keeping up with the new laws and deadlines is as challenging as it is important. To help you (and us) sort it all out, we are offering this list of what you need to know, with brief descriptions and links to more information – in many cases at the IRS Newsroom. We hope you find this summary to be helpful. If you have questions…
Selections are limited to the top 5% of attorneys in Arizona Frazer Ryan attorneys Jim Ryan , Yale Goldberg , Chick Arnold , John Fitzpatrick ,  T.J. Ryan , Josh Mozell and Lisa Reilly Payton  and of counsel Chuck Whetstine have been listed in the 2020 edition of Southwest Super Lawyers magazine released April 6. The selection is the 14th in a row for Goldberg (Tax) and Arnold (Elder Law and Health Care). Jim Ryan (Estate Planning) and Whetstine (Employee Benefits) were selected for the 13th straight year, Fitzpatrick (Estate Litigation) for the sixth,  and T.J. Ryan for the second…
Several provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which became law last week, permit participants in certain types of retirement plans (described below) to make penalty-free withdrawals of up to $100,000 per calendar year from their plan and to request loans of up to $100,000 if the withdrawal or loan is for a coronavirus-related reason. It is important to note at the outset that these new withdrawal and loan rules apply only to a participant in an employer-sponsored retirement plan, if the employer has elected to adopt amendments to the retirement plan incorporating the new rules.…
Frazer Ryan firm administrator Jerri Buchtel is the new president of the Arizona Chapter of the Association of Legal Administrators (ALA). Her one-year 2020-2021 term began April 1. The ALA is a national organization founded in 1971 to provide support to professionals involved in the management of law firms, corporate legal departments and government legal agencies. Under Jerri’s leadership at our firm, every year since 2013 Frazer Ryan has been listed in “Top Companies to Work For,” ranking #17 among Arizona small companies for 2018.…