Law Office of Sharon C. Stodghill

Call Us Today


August 2012 Archives

Have you considered gifting as part of your estate plan?

In our August 15 post, we told you about the difficulties that may come up during estate planning due to the estate tax changes. There may be hope for families who are planning to leave assets to heirs. Two examples have been provided to show how gifting during the estate planning process may help assets to be protected from high taxes.

Houston estate plans require periodic review as life changes

Estate planning for some in Houston is a task that is often completed and then forgotten about. On July 31 we talked about the importance of revising estate plans annually. To go a step further, some authorities note that there are many individual life changes that can make a review of existing estate planning documents necessary. Certain life events can alter how a person wishes to administer their assets after their death. In such cases, if changes are not made to reflect that in an estate plan, those wishes may not be followed.

Estate planning in Texas made harder by changing tax rules

As many of our readers in Texas know, there are many reasons that a person decides to create an estate plan. For some, one of the most important reasons for estate planning is to limit the amount of taxes that heirs will have to pay after the death of an individual. This goal has been made more challenging recently due to the ever-changing estate tax exemption amount that went from $0 to $5 million between 2010 and 2012.

Texas estate planning: Why you need a digital will

Did you know that more than 50 percent of Americans have no will? A number of Texas residents may have a will but don't have all necessary requirements in place. Further, it is likely that most have overlooked an important estate planning document: a digital will, which is necessary in today's day and age.