The Estate Tax is Changing, Again As we approach the end of the year, it is time to remind folks of the Biden Administration’s Sensible Taxation and Equity Promotion (STEP) Act. This makes a significant change to the Federal Estate Tax set to go in place January 1, 2026. Which means, the Estate Tax is …
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When Someone You Love Dies In my office, we are long on both Probate and Life Experience. Having focused my law practice on estate planning and probate, I have helped thousands with transferring their assets after a loved one passes (probate) and likewise I’ve guided thousands with drafting their estate planning documents to avoid issues …
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The information in this column is not intended as legal advice but to provide a smile during this holiday season. Any readers with a legal problem should lighten up this week, life is precious, so enjoy your family and friends now and join the real world after January 1, 2024. It is time again for …
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Inheriting wealth is a major event that, if not managed correctly, can lead to financial missteps and potential loss. Individuals who receive an inheritance often face challenges in managing their newfound wealth due to a lack of experience, existing debt issues, or tax complications. However, proactive estate planning can help mitigate these problems, ensuring …
I have done several columns on laws and topics Texas landowner need to be familiar with now that they own a piece of Texas and may have ventured into an ag business. This week, I thouht I would cover mortality insurance for livestock. In simple terms, livestock mortality insurance generally covers the premature death of a covered …
In the past few weeks I have addressed the importance of estate planning for couples, married and not married. This week, I will touch on the importance of estate planning for single folks. Making important decisions for yourself and ensuring the proper care of your assets after your passing can be overwhelming as a single …
Over the past several weeks our first responders have been very busy, so they were on my mind. While the Game Preserve Fire has been bad, it would be much worse without your bravery and dedication, which is truly appreciated. We recognize that your job can come with a lot of uncertainties and dangers. You …
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While the simplicity of a Will driven estate plan in Texas is most favored, some situations dictate using a trust instead. Navigating the different trust options in the pursuit of crafting an optimal estate plan can be overwhelming. If you are worried that things might go wrong, you can reach out to us and we …
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Unmarried couples don’t receive the same legal protections as married couples when it comes to inheritance and taxes. That’s why it’s crucial for unmarried couples to engage in financial and estate planning. Without proper planning, their partner may not receive anything if they pass away. Here are several reasons why you should consider a …
Many clients have asked me how to insure that a bank account or investment account passes to a particular person (spouse or child) without having to wait until a Will is probated. First, I would like to remind you that the amount of time its takes to probate an estate in Texas depends to a …
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