Many people plan to retire in their home states and towns, but if you are among the more money-savvy crowd, you know that doing so may not be in your best financial interests. You know that some states are more “retirement friendly” than others when it comes to taxes....
The Perfect Blend Of Legal Skill,
Knowledge And Practical Advice
Year: 2021
How to have a conversation about prenups
Marriage is one of the biggest decisions you will make. As you prepare to spend the result of your life with your partner, you may also want to take steps to protect your interests if the relationship does not last. With the many misconceptions people have about...
Why you probably need an estate plan
An estate plan might sound like something reserved for high-profile figures or generationally wealthy families, but, in reality, they are something that most people need. The planning process can include writing a will, designating a power of attorney and signing a...
Estate planning strategies to best protect your family
If you have a family, it is important to put together an estate plan that has protections in place for family members in the event something happens to you. The right plan protects assets, saves on taxes and looks out for your children. Every situation is different,...
Protecting assets with a prenuptial agreement
If marriage is in your near future, you may be considering whether to write up a prenuptial agreement. Depending on your situation, having a prenup may be a good idea. If a couple is entering into a marriage with considerable individual assets, or if one of the...
Understanding the probate process
If a loved one dies with a will, you may be wondering what the next steps are. Probate refers to the process of managing and closing the estate and distributing assets as set out in the will. An important figure in the probate process is the executor, as this is the...
Who can set up special needs trusts?
Whether you have concerns about your loved one with special needs and their financial future or you are struggling with a disability and want to protect your financial future, it is important to review various issues related to special needs trusts. This option can...
How can I make sure my will is valid?
Once your estate goes into probate, the court will validate your will. It does this by checking all the legal requirements to ensure the document adheres. Knowing what these requirements are is essential if you wish to avoid problems after your death and ensure the...
Understanding Community Property in a Marriage
When it comes to marital property, a couple has many issues to consider. In Texas, a community property jurisdiction, property acquired during the marriage belongs to both parties. This arrangement could have significant implications when a couple maps out its estate...
Some issues involving federal inheritance and gift taxes
The federal government may levy an estate tax on heirs based on the value of an estate at the time of the property owner's death. As reported by Kiplinger Personal Finance magazine, if a one-person estate holder dies in 2021, his or her heirs may expect a tax...