Posted on: March 27, 2025
You’ve spent years building a solid nest egg—through discipline, hard work, and smart choices. Then one day, over morning coffee, you catch a news headline about a major bank failure. Your heart sinks as you realize a large portion of your cash savings could be at risk because your accounts exceed FDIC insurance limits. This […]
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Posted on: March 24, 2025
You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point. You probably have one or more types of traditional asset protection planning currently in place. The problem is, in many cases, the type of planning […]
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Posted on: March 20, 2025
Many believe that those assets are protected from lawsuits once they set up a revocable living trust and transfer ownership of their accounts and property from themselves as individuals to their trust. This is not true, as this trust protection myth does not hold in reality. While trusts commonly serve as effective vehicles to protect […]
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Posted on: March 17, 2025
A common misconception is that only wealthy individuals and people in high-risk professions, such as doctors or lawyers, need an asset protection plan. However, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that could crush your finances. For everyone, it’s wise to […]
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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 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: November 14, 2023
One area where the threads of family dynamics and legal intricacies significantly intertwine for Austinites is estate planning. Particularly for parents with minor children and aging parents, the fusion of family law and estate planning becomes critical. This is more than just preparing for the future; it's about Integrating Family Law into Estate Planning to […]
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Posted on: November 13, 2023
Austin family values intertwine with the complexities of modern life, such that many parents find themselves in a unique position. They are not only nurturing their minor children but also contemplating the future care of their aging parents. As an experienced Austin estate planning attorney, I often encounter clients grappling with a critical question: How […]
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