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As many readers in Texas know, the sequester is the latest attempt in the nation's capital to make our leaders agree on how to reduce spending and pay for federal debts. This is the second such action this year, having had the fiscal cliff at the new year. Now, some...
People in Texas are used to hearing about families, both fictional and real, with large and valuable estates. In fact, one of the most popular television shows of the 1980s portrayed the lives of a local family. Now another family is making ratings, the Crawleys,...
Estate planning can be used to achieve some of the goals that many people in Texas have for the assets after their deaths. However, even when a trust has been put into place by an individual engaged in estate planning, a case can end in litigation when those left to...
Estate planning in Texas often means a review of all assets and liabilities of an estate. As the estate planning process continues, individuals work to create documents that reflect their wishes as to the distribution of their estate at the time of their death. In...
The composition of families across Texas and the nation is changing. Until recently, a traditional model in which there were two parents and several children was the standard model for a family. Now, there are many different types such as blended families, single...
Many people in Texas and across the nation have spent a lifetime collecting and acquiring personal property. When they die, if there are no estate planning documents in place to determine how the property will be distributed, it is left to heirs of an estate to...
Many of our readers in Texas may feel that the rules for estate planning are complicated. This has been especially true in recent years due to the ever-changing laws for issues such as the federal estate tax. Now, Congress has enacted a new set of laws aimed at making...
As we have discussed in this column before, the potential changes to the estate tax have been a point of concern for many of our Texas readers. Now, many beginning to consider the estate planning process can rest easy after the U.S. Congress sought to make the amount...
Heirs of an estate can take many different forms. For many readers in Texas, their pets are a member of the family that are as important as any individual or organization that are potential heirs to an estate. For these folks, estate planning includes making plans for...
As we have mentioned previously on our blog, the estate tax exemption is set to change at the end of this year. One recent report that may be of interest to readers in Texas highlights the fact that the exemption will change from $5.12 million to $1 million per...