Austin Texas Estate Planning Blog

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melting ice cream at pool: What to do when a disability throws your estate plan into chaos?

What to Do When a Disability Throws Your Estate PlanNING into Chaos

Posted on: April 18, 2024
As poet Robert Burns mused centuries ago, the best-laid plans of mice and men often go awry. Despite thoughtful effort and a concerted strategy, you cannot prepare for every emergency in life. A car accident, sudden illness, workplace injury, chronic medical condition, or other disability can force you to reevaluate the core assumptions you used […]
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Pastry selection: How to Choose the Right Agents for Your Incapacity Plan

How to Choose the Right Agents for Your Incapacity Plan

Posted on: April 15, 2024
Many people believe that estate planning is only about planning for their death. But planning for what happens after you die is only one piece of the estate-planning puzzle. It is just as important to plan for what happens if you become unable to manage your own financial or medical affairs while you are alive […]
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divergent paths: How to Choose the Right Agents for Your Incapacity Plan

How to Choose the Right Agents for Your Incapacity Plan

Posted on: April 11, 2024
Many people believe that estate planning is only about planning for their death. But planning for what happens after you die is only one piece of the estate-planning puzzle. It is just as important to plan for what happens if you cannot manage your own financial or medical affairs. Before reviewing how to choose the […]
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tree like a head with leaves blowing away: 5 Essential Legal Documents You Need for Incapacity Planning

5 Essential Legal Documents You Need for Incapacity Planning

Posted on: April 8, 2024
Comprehensive estate planning involves more than just planning for your legacy after your death, avoiding probate, and reducing taxes. Good estate planning also appoints people to make legal, financial, and medical decisions for you if you are alive but unable to make those decisions for yourself (in other words, if you are incapacitated). Before reviewing […]
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Parisian cafes: Exit Strategies for Business Owners

Exit Strategies for Business Owners

Posted on: April 4, 2024
Starting a business requires a great deal of planning and execution. Exiting from your small business should entail similar forethought and preparation. Nevertheless, some surveys indicate that nearly half of business owners have no exit strategy.[1] After years of expanding your business, you may be at the point where the finish line is getting close. […]
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Row houses: Navigating FinCEN Real Estate Reporting Requirements A Guide for Austin Estate Planning

Navigating FinCEN Real Estate Reporting Requirements

Posted on: April 1, 2024
Introduction When safeguarding your family's future, understanding the nuances of estate planning is paramount. For Austin professionals, this task has become more intricate with the introduction of the FinCEN real estate reporting requirements. This guide will walk you through what these changes mean for your estate planning efforts and how to ensure your plan remains […]
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Hollywood street sign: Hollywood MisConceptions About Estate Planning and Administration

Hollywood MisConceptions About Estate Planning and Administration

Posted on: March 28, 2024
While television and movies provide great entertainment, they are not always factual. Even shows based on actual events are not entirely accurate. Hollywood creators of television programs and movies will often alter the details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many […]
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A Japanese Garden: Demystifying Probate and the Executor's Role

Demystifying Probate and the Executor's Role

Posted on: March 25, 2024
When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (also called a personal representative) of your estate. As the name implies, the role of the executor is to execute the instructions you provide in your will. You […]
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a verdant tree by water: Avoid These 3 Mistakes When Choosing a Successor for Your Business

Avoid These 3 Mistakes When Choosing a Successor for Your Business

Posted on: March 21, 2024
Selecting the individual to lead your business after you step down is a huge decision. There are several common mistakes business owners make when choosing a successor. It's not merely about finding someone who mirrors your personality or whom you favor personally. Instead, the crux lies in identifying a successor with the right qualifications, vision, […]
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