When a Texan is contemplating strategies for an estate plan, the individual situation will largely dictate how they go about it. Circumstances and personal preferences will play a significant role. If trusts are the preferred method when drafting estate planning...
Month: December 2017
Learning from mistakes famous people made in estate planning
Most Texans will never have the level of wealth that famous musicians have. So, when it comes to drafting estate planning documents, people who are of lesser means will frequently scoff at the idea that they can learn something from mistakes made by famous performers...
What life events warrant updates to your estate plan?
After you completed your estate plan, you may have felt a well-deserved sense of accomplishment. Making a plan for your end-of-life wishes can have its difficulties as you must make many decisions. Many people often choose to forgo the process because of the...
Estate planning when an heir might have addiction issues
Texans who are taking the necessary steps with estate planning will have different concerns depending on the circumstances. One issue that is growing problematic not just for society in general, but for those who are thinking about their beneficiaries, is drug...
How the federal government can affect heirs’ tax responsibilities
There is an ongoing debate in Washington D.C. about the estate tax and how it will be handled. Texans who have a substantial enough portfolio where it will be affected by the estate tax if it stays in place or if it is repealed should keep track of the proposals and...