Arcadia News — award winning neighborhood news since 1993
June 2012
June 2012, page 18

Page 18 June 2012 justice court, we had more than 3,000 civil and small claims lawsuits led, nearly 2,500 civil and criminal trafc cases, 138 DUI cases, nearly 3,000 eviction actions, just over 150 protective orders, and various other types of cases. In all of last year, a total of just less than 10,000 cases led were led in this court. And, of course, I performed a few wedding ceremonies, as well. Steven Sarkis is the justice of the peace for the Arcadia Biltmore Justice Court. Sarkis Continued from page 8 by the current beneciaries of low turnout elections and signed the bill. This legislation was truly a citizen- driven improvement and a result of many hours of volunteer work. Many, many people worked day and night, knocking on doors at the Legislature and making phone calls helping our state be more transparent and accessible to voters. Phoenix City Councilman Sal DiCiccio represents District 6, which includes Ahwatukee, Arcadia, Biltmore, East Camelback and North Central. He can be reached at council.district.6@ phoenix.gov or 602-262-7491. DiCiccio Continued from page 10 determining the tax value of the gift, but the trustor (person making the gift) must survive the term for the Qualied Personal Residence Trust to provide the tax benet sought. The longer the term, the greater the discount applied to the gift and therefore the tension lies in the decision of how long does the trustor conservatively believe he will live. The age of the trustor and a special federal interest rate set monthly also impact the discounted gift value. Once the trustor has reached a decision on the term, and the trust is formed and funded, the trustor has the retained right to continue to occupy and use the property contributed to the Qualied Personal Residence Trust for the term of the trust without any changes. I generally recommend the trust distribute to a separate trust for the residual beneciaries (usually children of the trustor), so they will have asset protection. If the trustor decides to continue living in the property contributed, normally following the expiration of the term, a lease-back arrangement can be arrived at. This article is by no means intended to cover all the technical requirements of a Qualied Personal Residence Trust, and this estate planning tool should only be pursued with the assistance of an experienced estate planner. The attractiveness of the Qualied Personal Residence Trust is that it allows taking advantage of a gift-tax exemption immediately without having to give up the right to use a primary residence or vacation home until a future date. Jones is a 20-year Arcadia resident and shareholder at Gallagher & Kennedy law ofces. Jones Continued from page 11 l Garden • Arcadia High • Peo op p p p s o o • St. Theresa • Basketball • Ki id d ds i se e eu ums • Softball • Shemer Art • Ch hr r ri r Vo o o ol lleyball • Neighborhood News • Sp po o or N te e e er rtainment • Ingleside • Football • N N N a en n n nt ts • Squaw Peak • Recreation • Dram m m ma a d Da a an nce • Church News • Hopi • Arc ca a a n l lt t th & Fitness • Arts & Entertainme e en n a s s • Hopi • Football • Desert Botani ic c c ca S a ad d d dia High • People • Phoenix Zoo • S S a as s sketball • Kids • Tavan • Museums s h h er A l w w w Peak • Recreation • Drama • Baseb ba a a hu u ur rch News • H i Buy. Sell. Trade. Learn piano. Visit Classifieds at: l h h hem em emer er er er A A A A Art rt rt rt rt • • • • Ch Ch Ch Ch Chri ri ri ri rist t st st st L L L Lut ut uth he he her ra ran n • • V Vo V l ghborhood News • Sports • Arts & Ent ngleside • Football • Neighborhood w w Pe Peak ak • • R Re ecr t ti i w Peak • Recr ti hemer Art Ch i orts • A l • Nei V rts & En ghborh h he A l l hemer Art • Christ Lutheran • Vo e d d w w Pe Peak ak • • R Rec ecre reat atio ion • D D l d ARCADIADAILY COM i i i i i i i i ig g g i i i i i i i i i i i ig g g g Eileen Klecka, RN 4350 E. Camelback Rd., Suite F-100 Phoenix, AZ 85018 Karin O’Clair, D. O., Director Phone: 602-955-8700 Website: www.travelshots.net Visit us before traveling so the only thing you bring home from vacation are souvenirs! 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