Posted on: February 8, 2024
When developing your estate plan, addressing every account or property you own is nearly impossible. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or group of […]
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Posted on: February 5, 2024
The impending Supreme Court decision in Connelly v. United States presents a pivotal moment for estate planning, particularly for business owners in Austin, Texas. This case centered around the valuation of life insurance in corporate redemption agreements for estate tax purposes, which could significantly alter the landscape of estate planning tools that have been long […]
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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: January 30, 2024
As an experienced estate planning attorney in Austin, Texas, I've seen firsthand the unique challenges that professional parents with minor children face in planning for the future. A will is more than just a legal document; it's a blueprint for your legacy, ensuring that your wishes are respected and your loved ones are cared for […]
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Posted on: January 29, 2024
DOES YOUR FAMILY KNOW ABOUT YOUR ESTATE PLAN? As the thick of tax season approaches, many focus on our tax returns. Similar to how we handle tax information, family estate planning communication details can also be sensitive. You might be working hard to get your tax returns in order, but your estate plan is another […]
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Posted on: January 28, 2024
The concept of "bird nesting" in custody arrangements post-divorce offers an intriguing alternative to traditional co-parenting methods. It's designed to minimize disruption in children's lives by allowing them to remain in the family home while the parents rotate in and out. This method has seen increased attention and consideration among divorcing parents, including those in […]
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Posted on: January 25, 2024
Emily's Journey into Estate Planning Emily, a successful Austin-based engineer and mother, faced a crucial challenge: securing her family's financial future. Like many high-income professionals with minor children, she sought a reliable way to manage her estate. Her exploration led her to discover the value of an Irrevocable Life Insurance Trust (ILIT). Understanding ILITs An […]
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Posted on: January 24, 2024
As the new year unfolds, the pulse of change is palpable in the vibrant city of Austin. For parents who balance the demands of professional life with the joys and responsibilities of raising children, understanding the nuances of Social Security shift in 2024 is not just prudent—it's essential for robust estate planning. The Social Security […]
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