Posted on: July 14, 2022
the powers in your financial power of attorney In a financial power of attorney, you designate a trusted decision-maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the power to buy and […]
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Posted on: July 7, 2022
how to Make sure that vacation property endures as a source of warm memories According to the National Association of Home Builders, in 2018, there were approximately 7.5 million second homes. That means up to 5.5 percent of the total number of homes are vacation properties.[1] These homes are not only real estate that you […]
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Posted on: July 5, 2022
Without a plan, you're planning to fail Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” Without business succession planning, you're putting your legacy at risk. As an Austin estate planning attorney, I have seen the value of comprehensive business succession planning in preserving family wealth. Unfortunately, I have also […]
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Posted on: June 16, 2022
Wait, will I be responsible for my deceased spouse's debt? A spouse's death creates a difficult and demanding time for the surviving partner. As much as you want space and time alone to process your grief, you may have specific responsibilities related to settling your deceased spouse's affairs. This could include paying off your deceased […]
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Posted on: May 18, 2022
An estate plan should not be a set-it-and-forget-it endeavor As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can dramatically affect your estate plan and make it out of date. If you think your estate plan is like a slow cooker […]
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Posted on: May 13, 2022
musing about celebrity estate planning issues As an estate planning attorney in Austin, I can tell you, that summer starts early and suddenly. It is now summer. When I'm not helping clients achieve their life and legacy goals, I'll head over to The Hive. I'll order an iced coffee and perhaps muse about celebrity estate […]
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Posted on: May 10, 2022
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
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Posted on: May 5, 2022
overlooked contributions that lead to big value (and are expensive to replace) Most Americans strive to earn a decent-sized paycheck to support themselves and their families when they work. Stay-at-home parents, however, work to provide valuable non-financial contributions to their families every day. A partner's domestic and emotional labor ensures that the home runs smoothly. […]
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Posted on: May 3, 2022
Silent Trusts: Could I Be the Beneficiary of a Trust and Not Know It? People who have accumulated a substantial amount of wealth are often reluctant to disclose the full extent of their wealth. They may hesitate to disclose their exact wealth even to their children. There may be several good reasons for individuals to […]
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