Posted on: May 20, 2022
Common pitfalls which will lead a family-owned business to fail Your family and your business are two of your top priorities. You would not do anything to compromise either of them. But working with family members in a family-owned business presents unique challenges. These can cause lasting damage to both if not correctly managed and […]
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Posted on: May 18, 2022
An estate plan should not be a set-it-and-forget-it endeavor As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can dramatically affect your estate plan and make it out of date. If you think your estate plan is like a slow cooker […]
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Posted on: May 13, 2022
musing about celebrity estate planning issues As an estate planning attorney in Austin, I can tell you, that summer starts early and suddenly. It is now summer. When I'm not helping clients achieve their life and legacy goals, I'll head over to The Hive. I'll order an iced coffee and perhaps muse about celebrity estate […]
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Posted on: May 10, 2022
An Entertaining movie with valuable estate planning lessons Not only is Disney’s award-winning animated film Encanto hugely entertaining, but it also contains the following valuable estate planning lessons: Leaving a family legacy is important and can have an impact beyond your immediate family. Be sure to consider the significance of multigenerational planning. Treating each beneficiary […]
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Posted on: May 10, 2022
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
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Posted on: May 5, 2022
overlooked contributions that lead to big value (and are expensive to replace) Most Americans strive to earn a decent-sized paycheck to support themselves and their families when they work. Stay-at-home parents, however, work to provide valuable non-financial contributions to their families every day. A partner's domestic and emotional labor ensures that the home runs smoothly. […]
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Posted on: May 3, 2022
Silent Trusts: Could I Be the Beneficiary of a Trust and Not Know It? People who have accumulated a substantial amount of wealth are often reluctant to disclose the full extent of their wealth. They may hesitate to disclose their exact wealth even to their children. There may be several good reasons for individuals to […]
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Posted on: April 21, 2022
Untangling Tangled Titles: Homeownership, Property Deeds, and Estate Planning If you are currently living in a property that you inherited, but the deed has not been transferred into your name, you may be surprised to learn that, under the law, you are technically not the owner. This legal situation is known as "tangled title." A […]
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Posted on: April 19, 2022
Qualified Personal Residence Trust: What Is It and When Should You Consider One? Americans have enjoyed historically high estate tax exemption rates for most of the last twenty years. High exemption amounts have kept many of them from seeking out more advanced estate planning strategies. One strategy is the qualified personal residence trust (QPRT). As […]
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