Posted on: December 10, 2023
As the gentle holiday buzz fills the air at the pop-up ice skating rink at the Galleria in Bee Cave, families gather, sipping their lattes while the kids slip and slide nearby. Amidst these serene moments, thoughts often turn to the future, mainly to retirement planning. For those juggling the joys of raising children and […]
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Posted on: December 7, 2023
In the bustling lives of young professionals, where career growth, technological advancements, and social dynamics take center stage, the thought of estate planning often seems like a distant echo from a future far away. However, the reality is quite different. Estate planning is not just a script for the silver-haired; it's a critical roadmap, and […]
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Posted on: December 6, 2023
All registered corporations are required by law to hold an annual meeting. Limited liability companies (LLCs), although not subject to the same statutory requirement, may hold regular annual meetings per their governing documents. What Is the Purpose of a Corporation’s Annual Meeting? In the United States, all corporations must hold an annual shareholder meeting because […]
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Posted on: December 5, 2023
About two out of three Americans will die without a will. This is known as dying intestate. There are reasons to avoid intestacy. While the reasons for not having a will vary, the result is the same for everyone: they do not get to choose who receives their property when they die. Instead, their money […]
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Posted on: December 4, 2023
Being self-employed is no easy task. You are the owner and, in some cases, the only employee. While you may have more freedom than the average worker, many responsibilities lie on your shoulders. Working together, we can craft a comprehensive estate plan that will help you address three critical concerns you may have. Protecting Your […]
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Posted on: December 3, 2023
Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, POD and TOD accounts bypass probate. They are also fast, easy, and usually free to set up. However, they do […]
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Posted on: November 30, 2023
Jimmy Buffett died on September 1, 2023, at age 76, after a diagnosis of Merkel cell carcinoma (skin cancer) four years earlier. He was a renowned singer-songwriter, film producer, businessman, novelist, and philanthropist. Buffett released his first album, Down to Earth, in 1970. By 2023, his net worth was officially $1 billion,[1] including a $180 million stake […]
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Posted on: November 29, 2023
In the complex world of estate planning, understanding the nuances of different trusts and their tax implications is crucial for modern families, especially those balancing the care of minor children and aging parents. With myriad options available, it's essential to navigate this landscape wisely to ensure your family's financial security and compliance with the law. […]
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Posted on: November 28, 2023
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. If […]
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