Posted on: February 15, 2024
Like the rest of your debt, your mortgage does not simply disappear when you die. Suppose you leave your home with an outstanding loan to a beneficiary in your will or trust. Your beneficiary will inherit the property and the outstanding debt in that case. They may have the right to take over the mortgage […]
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Posted on: February 12, 2024
Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential to be caught unprepared in an emergency. So, how can you inspire action and motivate yourself and your loved ones to begin the process? Here are some strategies to help you […]
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Posted on: February 8, 2024
When developing your estate plan, addressing every account or property you own is nearly impossible. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or group of […]
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Posted on: February 5, 2024
The impending Supreme Court decision in Connelly v. United States presents a pivotal moment for estate planning, particularly for business owners in Austin, Texas. This case centered around the valuation of life insurance in corporate redemption agreements for estate tax purposes, which could significantly alter the landscape of estate planning tools that have been long […]
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Posted on: February 1, 2024
Your family members went through a meticulous estate planning process to organize and distribute money and property for the benefit of their loved ones, including you. But you may suspect some high-value items in their estate originated as stolen property. The possibility of discovering stolen items within an estate is often overlooked, but it can […]
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Posted on: January 31, 2024
Many married couples share almost everything, including finances. This may be reflected in their estate plan by using one joint living trust instead of two separate trusts. Separate trusts can provide greater flexibility, but a joint trust can be structured so that when one spouse passes away, the trust is split into two subtrusts: a […]
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Posted on: January 30, 2024
As an experienced estate planning attorney in Austin, Texas, I've seen firsthand the unique challenges that professional parents with minor children face in planning for the future. A will is more than just a legal document; it's a blueprint for your legacy, ensuring that your wishes are respected and your loved ones are cared for […]
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Posted on: January 29, 2024
DOES YOUR FAMILY KNOW ABOUT YOUR ESTATE PLAN? As the thick of tax season approaches, many focus on our tax returns. Similar to how we handle tax information, family estate planning communication details can also be sensitive. You might be working hard to get your tax returns in order, but your estate plan is another […]
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Posted on: January 28, 2024
The concept of "bird nesting" in custody arrangements post-divorce offers an intriguing alternative to traditional co-parenting methods. It's designed to minimize disruption in children's lives by allowing them to remain in the family home while the parents rotate in and out. This method has seen increased attention and consideration among divorcing parents, including those in […]
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