Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership for a second home varies depending on the type of real estate. Below, we take a look at the different types of real estate that you might own as […]
The mortgage business is booming in many parts of the country, including here in Austin. Historically low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans. Even a few tenths of a percentage point of interest, over thirty years, can make a massive difference in the amount of interest […]
Estate planning is not just about what happens when you die. Proper estate planning takes into consideration all aspects of your life and how to protect your accounts and property so that you can receive the maximum use and enjoyment during your life as well as protect whatever you choose to leave to your loved ones […]
Now that the election is over, what next? There is still a lot of uncertainty over the results and the effects that will follow. It appears that Joe Biden will be our next President, but the division of Congress is less clear. What can voters anticipate if President Joe Biden is elected, but the Congress remains […]
Estate planning attorneys are occasionally asked by clients whether an estate plan can include a right of first refusal (ROFR) (sometimes called a first right of refusal) on certain items or parcels of property. The following example helps to illustrate the way this legal tool is used and why it might be useful in your own […]
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer Financial Protection Bureau of people ages 50 and over, […]
With a push by the Democratic party to return federal estate taxes to their historic norms if they win the upcoming election, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. Assets included in a […]
In sports, success frequently brings significant monetary compensation. While this is a dream come true for most individuals, it is important to take the right steps to safeguard this hard-earned money. Most people assume that the biggest challenge is spending beyond one’s means. While this can cause many problems, it is not the only issue that […]
