Keyt Law February 2019


F or some, working with family doesn’t …well … work. But we wouldn’t want it any other way. At KEYTLaw, we feel fortunate that coming to work is a family affair. Carol, my wife, keeps everything organized and running smoothly; my son Ricky, a former CPA and an attorney here, has the same passion for helping our clients as I do; and my youngest, Kate, is the original KEYTLaw girl. She recently rejoined our team as an LLC legal assistant — we’re excited to have her back! Last, but certainly not least, there’s the face you probably recognize best around here: Cody Keyt, Ricky’s 2-year-old Golden Retriever — our loving canine companion. Cody lays down the law when he comes into work every day — though he also makes sure our clients get plenty of doggie love. Though most of my family members have legal careers today, I didn’t come from a long line of lawyers. My dad was a career Air Force officer, who flew B-17s in World War II. I took the law school admissions test when I was an undergrad at Penn State, but I also wanted to serve our country, like my dad. The U.S. was fighting in Vietnam in 1970 when I graduated. I knew I would be drafted, so I went ahead and joined the USAF as a volunteer so that I wouldn’t have to

serve as a draftee in the Army. After one year of flight school, I spent five years flying the twin-engine F-4 Phantom, a supersonic fighter-bomber. I flew combat missions over North Vietnam, South Vietnam, and Laos in 1972 and was an F-4 instructor for three years in southern California, where I taught pilots how to fly the Phantom. Serving in the military changed me in a lot of ways. It was a challenging and rewarding time in my life. I got to see other parts of the world and learned skills I would never have learned elsewhere, such as making four-ship formation takeoffs, delivering brand new airplanes to Iran before the revolution, and playing liar’s dice in the Officers’ Club stag bar. The USAF was an adventure, to say the least. After six years, I wanted to be a lawyer. I went to law school in Sacramento, California and earned a master’s degree in federal income tax law from New York University School of Law. I’ve been practicing estate planning and business law in Arizona since 1980. Outside of work, I spend most of my time with Carol, my wife of 47 years, and our dog, Nicky. We enjoy going for walks, watching Arizona’s professional sports teams, and catching Penn State football — I have to support my alma mater. My oldest daughter and her family live in Houston, so we try to go there as often as we can to visit her and the grandkids. When we want to get away from it all, we like to go to a cabin in the mountains west of Flagstaff, about two- and-a-half hours outside of Phoenix. In the summer, we like to stay on Coronado Island near San Diego. Honestly, most of what I look forward to outside of work is time with family. Sure, we work together, but we’re focused on helping our clients during that time. My family is the most important part of my life. It’s a perspective we pride ourselves on at KEYTLaw when we’re helping you secure your small business and take care of other aspects of your life. You know we’re looking out for you — after all, it’s the way we treat family.

“You know we’re looking out for you —after all, it’s the way we treat family. ” Are Your Loved Ones Protected? You need an estate plan to control your property while you are alive and able, take care of yourself and your loved ones if you become disabled, and give what you have to who you want, the way you want, and when you want, while saving every tax dollar, professional fee, and court cost possible. KEYTLaw 480-522-8494 Text FAP to 72000 to get our free estate planning book called “Family Asset Protection.”

-Richard Keyt

| 1


Due to the severity of his injury, Murray sued Almaden Vineyards, Inc., National Distillers and Chemical Corporation, and Carbo, Inc., alleging that they were responsible because they failed to include a proper warning label on the bottle. The defendants, however, argued that the cork stopper did not and could not spontaneously eject unless Murray had handled the bottle improperly. The case was argued by both sides for two years, but eventually, Murray won. Almaden Vineyards now prints the following on its bottles: “WARNING: THIS BOTTLE IS UNDER PRESSURE. THE STOPPER WILL EJECT SOON AFTER THE WIRE HOOD REMOVAL. TO PROTECT AGAINST INJURY TO FACE AND EYES, POINT AWAY FROM SELF AND OTHERS WHEN OPENING.”

For many people, preparing for the New Year’s countdown is the most exhilarating part of the holiday season. You tune your TV to the Times Square ball drop, hand out party hats, confetti, and noisemakers, and meticulously line up some champagne flutes. What’s left to do? Pop open the champagne! There are many partiers who pop the cork with enthusiastic and careless abandon, while others point the bottle away from their faces and anxiously twist the cork until they hear those bubbles surge to the surface. Turns out, while the latter practice may be slightly less fun, it’s certainly the safer approach. On April 8, 1978, Charles J. Murray was injured when a natural cork stopper spontaneously ejected from a bottle of previously unopened Almaden Blanc de Blancs champagne and struck him in the left eye. He was preparing to serve the bubbly to a party of 40 people, so he placed 12 bottles on a rolling cart and removed the foil and wire retainer from three or four bottles — including the one that eventually injured him. Once he started to roll the cart toward the guests, the cork shot out of the bottle all on its own.

When it comes to bubbly-induced

mayhem, the greatest potential trouble lies in the eye of the beholder

— literally. With an estimated velocity of 60miles per hour, uncontrolled corks do in fact fly

faster than the blink of an eye. To avoid having to explain a not-so-fashionable eye patch at work on Monday, handle those fizzy drinks with care.

in this role. During college at Arizona State University, Kate began working at KEYTLaw with the intention to follow in her dad’s footsteps. “I thought I’d go to law school and become an estate-planning attorney,” Kate says. “I decided not to go in that direction, and sought a job in the creative field.” She ended up utilizing her keen visual and photography skills as an art director for a jewelry manufacturing company. It was actually our founding attorney and Kate’s dad, Richard, who fostered Kate’s love of photography. “My dad was always taking pictures when I was growing up, and I was fascinated by it. In college, I started taking pictures of everything. I’d spend hours editing photos. I eventually started a blog, and that catapulted me into photography,” she says. Recently, she starting working again at KEYTLaw part time, which allows her to continue her legal career while still nourishing her creative side. “Between this and photography, it’s the best of both worlds,” Kate says. “I have a photography business, and I shoot weddings and other events. I get to exercise my right brain as well as get some creative juices out.” EMPLOYEE SPOTLIGHT KATE FINDS THE BEST OF BOTH WORLDS

K ate is a familiar face at KEYTLaw. In addition to being part of the Keyt family, Kate is the original KEYTLaw girl, and she recently returned to our team after pursuing other adventures. We’re so happy to feature her this month and share more about how working at KEYTLaw enables her to enjoy the best of both worlds. People often wonder what it’s like to work in a family business. “It’s fun!” Kate says. “Nowmy brother’s an attorney here, and my Mom is my boss. It’s fun working with family. It’s low stress, because we all get along really well. Everyone is easygoing.” She adds, “It’s fun working with our office dog, Cody, too — he brings a great energy to the office, and he’s really great with clients. It’s another perk of being part of a family law firm.” As our LLC legal assistant, Kate supports our clients with anything LLC-related, including forming new LLCs, member changes, and helping clients with their confidential trusts. She has six years of experience

We’re so glad to have Kate’s diverse set of skills on the KEYTLaw team— though Cody may be the most excited of all! 2 | Text FAP to 72000 to get our free estate planning book called “Family Asset Protection.”

ASSET PROTECTION First things first: I know that some of you worry about what would happen if your money was left to your young kids. That’s smart! Can you imagine if a 10-year-old suddenly had access to $100,000? Nope! The 10-year-old humans I know would go out and spend it on candy and games. It’s not in their best interest or yours. You want to know your kid is protected, and the best way to do that is through a trust managed by a trustee or co-trustees who you select to manage the assets inherited by your minor children until they become wise adults. When it comes to protecting assets for your spouse or children, the best asset protectionmethod is to create a trust that provides lifetime asset protection for the loved ones who will inherit your assets. The trustee of each loved one’s trust could be the person who inherits the trust’s assets or a person in whom you have faith if the beneficiary should not have control of the assets. Another advantage of a trust is that it avoids an expensive and lengthy pubic probate.

Since we work with many small businesses, our clients are concerned with how best to protect their business and other assets for their family. Once a business owner has their LLC in place, people often ask, “How do I protect my assets?” We sat down with Cody

Keyt, the KEYTLaw office dog, to learn more about what you can do to protect your most valuable assets in your business and beyond.

Hi there! Cody Keyt here, and I’m so excited to share what I’ve learned during my time as the office dog at KEYTLaw. I’ve been spending 40 hours a week in the KEYTLaw office since I was eight weeks old, so I’ve learned a few things!

As my granddad, Rick, and my dad, Ricky, say to people all the time, there are two big reasons why you need an estate plan with a trust.

To learn more about this important topic text FAP to 72000 to get a free copy of the Keyt’s estate planning book called “ Family Asset Protection. ”

1. To ensure that you, not your state of residence, determine who inherits your assets after your death.

Disclaimer: While Cody is very wise and loyal, he has not attended law school and his suggestions should not be misconstrued as legal advice. Should you have follow-up questions from this article, reach out to one of the attorneys at our firm. However, if you are looking for friendly greetings and to have mail brought to you, Cody is the best canine for the job.

2. To give lifetime asset protection for the assets inherited by your loved ones.




• • • • •

2 cups cornflakes

• • • • •

8 slices brioche, 1/2-inch thick 1/4 cup creamy peanut butter

2 tablespoons unsalted butter

2 cups mixed berries

2 large eggs

Powdered sugar, to sprinkle

1/8 cup heavy cream

Maple syrup, for serving

2 teaspoons pure vanilla extract


4. In a large skillet over medium heat, melt 1 tablespoon butter. Once melted and up to temperature, add sandwiches, cooking on one side until golden and crisp, about 2–3 minutes. 5. Return sandwiches to baking sheet, add remaining butter, and repeat on other side. 6. Top sandwiches with berries, sprinkle with powdered sugar, and serve withmaple syrup. | 3

1. On a large baking sheet lined with wax paper, place 4 slices of brioche and spread 1 tablespoon of peanut butter on each. Cover with remaining slices, creating sandwiches. 2. In a pie plate, beat eggs with cream and vanilla. In another, coarsely crush the cornflakes. 3. Lightly soak sandwiches in the egg mixture, then dredge in cornflakes, pressing to adhere. Return to baking sheet.


Richard Keyt KEYTLaw, LLC


7373 E. Doubletree Ranch Road, Suite 165, Scottsdale, AZ 85258 480-522-8494

To unsubscribe from the newsletter send STOP to



many longevity vitamins are found in fruits and vegetables, but we often don’t eat enough of these foods.

New research suggests that you aren’t getting the key vitamins and minerals you need to live a longer, healthier life.

“Survival vitamins” are even more critical to your health, and the symptoms are noticeable when you’re deficient. For instance, the main symptom of vitamin C deficiency is scurvy, which causes weakness, soreness, and a number of skin issues, including bruising. It usually takes about a month of vitamin C deficiency before symptoms show. Vitamin K deficiency, on the other hand, can be tougher to diagnose. Vitamin K is essential in forming blood clots. When your body doesn’t get enough vitamin K, excessive bleeding can occur. The vitamin is also needed to produce an enzyme that promotes better blood flow. Over time, low vitamin K levels in the body increase the risk of cardiovascular disease. If you want to live a healthier and longer life, make sure your diet includes these longevity vitamins and minerals. They can give you a significant advantage when paired with a healthy diet and exercise so you can enjoy many more years with your loved ones.

A 10-year study published in October 2018 in the Proceedings of the National Academy of Sciences identified several “longevity vitamins” as necessary to living a healthier, longer life. These are vitamins and minerals that can keep chronic diseases such as heart disease, certain types of cancer, and dementia at bay. Researchers classified the following as “longevity vitamins”: vitamin D, vitamin K, carotenoids (alpha carotene and beta carotene), astaxanthin, ergothioneine, pyrroloquinoline quinone, quinine, taurine, lutein, zeaxanthin, and lycopene. Some of these vitamins and minerals may sound familiar. Lycopene, for example, is another carotenoid. It’s found in tomatoes and other red fruits and is a powerful antioxidant. In fact,

4 | KEYTLaw •

Published by The Newsletter Pro |

Page 1 Page 2 Page 3 Page 4

Made with FlippingBook - Online Brochure Maker