If you’re reading this, you’re one of the millions of Americans who need an estate plan. Why? The short answer is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter if you are old or young, Bezos-rich or just starting adulthood, the fact is, you need a written plan to keep you in control […]
A popular estate planning tool that has long been used effectively may be facing new challenges under the ever shifting currents of tax law and politics. The family limited partnership (FLP) is an estate planning tool that allows families not only to transfer significant amounts of their wealth to succeeding generations while reducing estate, gift, and […]
Fellow Americans, every year we gather to cheer on teams as they battle on the gridiron. But now that the haze of Superbowl fever has lifted, let’s turn out attention to an interesting intersection of America’s favorite sport and estate law. In June 2019, Paw Bowlen, the owner of the Denver Bronco’s died. With no named […]
The reasons you, as a trustmaker (in Texas referred to as a grantor), create a trust are certainly special and important to you, but your intent or purpose for creating a trust can also have significant legal ramifications. For this reason, it is often critical that a grantor express in writing a statement of intent, which […]
Deferring, minimizing, or avoiding estate taxes altogether is often an important estate planning goal for married couples. However, uncertainty surrounding what the estate tax laws and the value of their accounts and property will be at the first spouse’s death can leave a couple feeling that they need a crystal ball to make the right decisions. […]
If you have an Apple account, did you know that you can now name a Legacy Contact? This is an important step to take to ensure your family will be able to access your digital legacy once you are no longer here. Apple, in iOS 15.2, has made it easier for your loved ones to access […]
Bankruptcy can be incredibly stressful for anyone to go through. Once your matter has been closed, you may wonder what the next steps are. To ensure that your remaining accounts and property as well as yourself and your loved ones are protected in the future, we encourage you to consider an estate plan post bankruptcy. Protecting […]
Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their children the same, they simultaneously acknowledge that children have different needs at different times. And these needs […]
