Estate Planning

Lady Bird Deed vs. Texas Transfer on Death Deed: Key Differences, Benefits, and Which Is Best for You

Both Lady Bird Deeds and Texas Transfer on Death Deeds (TODDs) allow property owners to transfer real estate to heirs without the need for probate while keeping full control…

Estate Planning, Planning for Special Circumstances

The Five Basic Estate Planning Documents Every Adult in Texas Needs

When some people hear the words “estate planning,” they picture a mansion or significant wealth. But estate planning is not just about making sure your property gets to…

Estate Planning, The Texas Transfer on Death Deed

The Texas Transfer on Death Deed

A Texas Transfer on Death Deed is a legal document that allows you to name beneficiaries to inherit your real estate after you pass away, avoiding the need…

Estate Planning, FAQs About Estate Planning

Can Minor Orphans in Texas Select Their Own Guardians?

In Texas, minor orphans who’ve reached the age of discretion, usually 12 or older, can ask the court to appoint the guardian they prefer. The law gives children…

Estate Planning, Questions About Estate Tax

How Much Money Can I Give Without Paying Gift Tax?

Under federal tax law, the person making a gift (the donor) is responsible for any federal gift tax due—not the recipient (donee). The gift’s recipient (the donee) does…

Estate Planning, Uncategorized

Final Regulations Under SECURE Act: What You Need to Know

The IRS released the final regulations to the SECURE Act on July 18, 2024. Although regulations mostly mirror the 2022 proposed regulations, they include some clarifications and changes.

Estate Planning, Uncategorized

Estate Planning for the Unexpected

I read an article last week that served as a sobering reminder of why it’s crucial to plan for the unexpected.The article was about a Pennsylvania couple…

Estate Planning, Odds and Ends, Uncategorized

Beware the Rise of Voice Cloning Scams

Cybercriminals are using AI to mimic the voices of our family members. Learn how to protect yourself from voice-cloning scams.

Estate Planning

Frequently Asked Questions About Texas ABLE Accounts

Barack Obama signed the Achieving a Better Life Experience “(ABLE”) Act into on December 19, 2014. The Act authorized the creation of ABLE Accounts, tax-advantaged savings accounts designed…

Estate Planning

Will Distributions from ABLE Account for Food or Shelter Reduce SSI Benefits?

What is an ABLE Account? An ABLE (Achieving a Better Life Experience) account is a type of savings account for individuals with disabilities and their families. The account…