Austin Texas Estate Planning Blog

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WHAT SHOULD I DO NOW FOR A SUCCESSFUL BUSINESS SUCCESSION

What Should I Do Now for a Successful Business Succession?

Posted on: July 13, 2023
If there’s one thing that’s certain, it’s life’s uncertainty. While we all hope for the best, as a business owner, it’s important to be prepared for anything. Having an answer to life’s curveballs can help you stay in business, ensure that your legacy lives on, and that your business partners and family are taken care of.
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Estate Planning for Today’s Modern Blended Family (1)

Estate Planning for Today’s Modern Blended Family

Posted on: July 12, 2023
The modern blended family has far more needs when it comes to estate planning than a traditional family. Here are some challenges, tips and solutions.
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Do You Pay Taxes on Gifts From Parents

Do You Pay Taxes on Gifts From Parents?

Posted on: July 11, 2023
In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to any one person each year.
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How Wealthy People Save on Taxes—Can Regular People Do the Same

How Wealthy People Save on Taxes—Can Regular People Do the Same?

Posted on: July 10, 2023
The wealthiest taxpayers have many tools at their disposal to pay less to Uncle Sam. Some tactics, like donating to charity via trusts, might seem far-fetched but are perfectly legal.
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Can a Hubby-Killer Still Inherit in Utah

Can a Hubby-Killer Still Inherit in Utah?

Posted on: July 9, 2023
A Kamas woman claims the prenuptial agreement she signed with her husband — whom she is accused of killing — is still valid and she should receive at least half of the equity from the nearly $2 million home they lived in together.
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Who Will Inherit Tina Turner’s Fortune

Who Will Inherit Tina Turner’s Fortune?

Posted on: June 22, 2023
Tina Turner’s husband is set to inherit nearly half her estimated $250 million fortune.
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Can I Keep Stepchildren Out of Estate Plan

Can I Keep Stepchildren Out of Estate Plan?

Posted on: June 21, 2023
Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.
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What Does “Power of Attorney” Mean

What Does “Power of Attorney” (POA) Mean?

Posted on: June 20, 2023
A power of attorney is a legal document that gives a person the authority to act on another's behalf.
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Ever Wonder How the Very, Very Rich Pass Wealth to Their Children

Ever Wonder How the Very, Very Rich Pass Wealth to Their Children?

Posted on: June 19, 2023
If you’re part of the baby boomer generation, you may be in the process of making plans to pass on any assets you have to your children and other beneficiaries.
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