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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...
Many people in Texas create an estate pan in an effort to make things easier for their heirs and beneficiaries after they die. In addition, some hope to avoid costly probate litigation between their heirs. To achieve this goal, some find it helpful to create an estate...
When creating an estate plan, many in Texas and elsewhere attempt to ensure that they have limited the chance of a battle between their heirs and beneficiaries over the content of their wills or trusts. However, in some cases, despite the efforts of those involved,...
There are many tools that individuals in Texas can use to create plans for the distribution of their estates after their deaths. In fact, estate planning can be customized to fit every individual need. Though many believe that this process is only for those who are...
A recent study completed by a large organization may be of interest to readers in Texas. Researchers polled more than 2,516 adults to find out how well-prepared they were for a potential medical illness that would leave them unable to care for themselves. The results...
There are many reasons that people in Texas decide to create an estate plan. For some, it is the desire to ensure that their heirs receive the assets that are left after the planner's death. For others, it is to guarantee that their values are transferred to heirs and...
Super Storm Sandy was a large weather event that ended with people across the northeastern part of our country suffering severe damage, including flooding and the loss of their homes. Though this storm took place far from Texas, the storm may have reminded many in our...
Famed Star Wars Director George Lucas recently sold his movie company to Disney for more than $4 billion. This move was part of an estate plan that allowed the filmmaker to use many of his assets while he is still alive to limit taxes that his heirs may have had to...
People in Texas may be surprised to learn how quickly their estate can add up to the $1 million estate tax exemption that may kick back into gear at the beginning of 2013. Adding the family home, investments, life insurance and other assets can take many individuals...