By Carissa Peterson | Published August 21, 2023 | Posted in Estate Planning, Probate, Uncategorized | Leave a comment
Planning for the distribution of your assets upon your passing can seem a daunting task regardless of the size of your estate. However, planning for how those assets will be distributed, and ensuring your estate plan accounts for your desired distribution, is essential. In this article, we will discuss the importance of asset flow in Read More
Read MoreMore sophisticated estate planning may be appropriate for people that: have sufficient net worth to consider tax planning; own assets in more than one state or jurisdiction; highly prize privacy; have blended families, and/or have a history of family discord (“Complicating Factors”). In 2022, the net amount a person can have without paying estate tax Read More
Read MoreA common misconception is that estate planning is for the wealthy, with an abundance of assets, including retirement plans, life insurance and annuities. However, the truth is that everyone over the age of 18, regardless of wealth, socioeconomic class or marital status should have a basic estate plan designed for their specific and unique situation, Read More
Read MoreCOMMUNITY AND SEPARATE PROPERTY IN TEXAS: OWNERSHIP AND CONTROL Texas law characterizes property acquired by spouses either community or separate property when property is acquired, and this characterization has tremendous consequences. w defines a spouse’s “separate property” as: (1) property owned or claimed by the spouse before marriage; (2) property acquired during the marriage by Read More
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