Posted on: March 7, 2024
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government, including details regarding the ownership of their entity. The CTA was enacted to help combat money laundering, financing of terrorism, tax fraud, and other illegal acts. Suppose […]
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Posted on: March 3, 2024
The United States hosts the highest number of immigrants globally, but increasingly, Americans say they are looking to relocate permanently to another country. Many wealthy Americans are also interested in buying real estate overseas and living there at least part-time. This trend raises the issue of estate planning for expatriates. While moving overseas is often […]
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Posted on: February 29, 2024
In 2024, Medicare continues to expand its covered medical services while attempting to maintain affordable pricing for coordinated care among doctor and hospital visits, prescriptions, lab tests, imaging, and more. But each year, millions of enrollees face premium and deductible increases. In 2024, Part B premiums will rise from the 2023 cost of $164.90 to […]
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Posted on: February 26, 2024
As parents, we inherently understand the need to shield our children from the uncertainties of life. However, one aspect often overlooked in our protective measures is Medicaid crisis planning. This is especially crucial for Austin's professionals, who, adept at managing their careers and day-to-day challenges, may find themselves unprepared for a health crisis that could […]
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Posted on: February 22, 2024
Almost everyone knows someone who had a problem and has lost everything. With our litigious society, with limited risk for those making liability claims, asset protection planning has become required for many and highly desirable for many more. Lawsuits can, for example, allege professional liability, responsibility for a car accident, or unpaid creditors. Whether legitimate […]
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Posted on: February 19, 2024
February 19th is the day we celebrate several US presidents who made noteworthy contributions to our country. As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, politics is not the focus of this blog post. Instead, we aim to […]
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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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