If you are considering making a donation to a public charity, you are not limited to donating cash. Your financial gifts, property, or retirement accounts can help a charitable organization meet their needs, while also helping you get tax deductions. Cash Writing a check to your favorite charity is the fastest and easiest way to make […]
Time seems to be one thing we just can’t get enough of. You spend your life working tirelessly to care for your loved ones, but still might not have prepared an estate plan to care for them once you’re gone. If you are able to answer the following questions or at least think them through, you […]
If an individual dies without having properly prepared an estate plan (meaning they died intestate), they can leave their family members feeling overwhelmed. There are a number of dangers associated with failing to put a well-thought-out estate plan in place that could make your family members feel as though they are drowning if you were to […]
Hoarding is more than just being a bit messy: It is a mental disorder causing some people to have difficulty discarding items, regardless of their value, and to experience severe distress even at the thought of it. If you have been named as the personal representative of a relative’s estate and discover that the deceased person’s […]
When planning your estate, you might be worried about estate taxes. The good news is that for many families, this is not something you need to worry about. In Texas, there is no state inheritance or estate tax. Additionally, the federal gift and estate tax exclusion is currently very high, sitting at $11.58 million for an […]
To all front-line and “essential” workers: Thank you for all your hard work — day in and day out (and often evenings, nights, and weekends). You work tirelessly to care for some of the most vulnerable people in our society. Whether you are caring for them in a hospital, therapy room, or patient’s home, you are […]
Many people have collections about which they are quite passionate: The collections may be very valuable, for example, art collections, coins, stamps, or designer handbags, or they may have more sentimental than monetary value, such as political bumper stickers, postcards, or rocks. Regardless of its dollar value, if you have a collection, you should careful consider […]
If you are a restaurateur, you have crucial demands on your time, but you should still find the time to create an estate and business succession plan. If you become ill or suddenly pass away, who will run the business in your stead? Is there someone else who is authorized to make payroll, pay your bills, […]
