Posted on: March 11, 2022
Successor Trustee Compensation Asking someone to serve as your fiduciary (trustee of your trust or personal representative or executor under your last will and testament) is not something you should take lightly. Serving as a fiduciary is a heavy responsibility that requires significant time and effort. As an estate planning attorney in Austin, I can […]
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Posted on: February 17, 2022
What is a qtip trust? A qualified terminable interest property (QTIP) trust is an estate planning tool that married couples can use to minimize uncertainty about the future and maximize certain tax advantages. Since no one can predict how much they will own at the time of their death, which spouse will die first, whether […]
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Posted on: February 14, 2022
Marital Disclaimers and the Clayton Election Deferring, minimizing, or avoiding estate taxes altogether is often an important estate planning goal for married couples. However, uncertainty surrounding the estate tax laws and the value of their accounts and property at the first spouse’s death can leave a couple feeling that they need a crystal ball to […]
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Posted on: July 31, 2021
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
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