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This is my dog, Jilly. She’s a 15-pound mutt my family adopted 11 years ago. When we adopted her, we suspected she was a terrier mix, but she’s…
The Rule Against Perpetuities is the bane of every first-year law student’s existence. It provides: no interest is good unless it must vest, if at all, no later…
Capital gains tax is a type of tax you have to pay when you sell an appreciated asset. You calculate it by subtracting your purchase price (known as…
A Miller Trust, or qualified income trust, is an irrevocable trust that allows individuals qualify for Medicaid long-term care services, such as nursing home care, when they earn…
An Irrevocable Life Insurance Trust, or “ILIT” is an irrevocable trust that own life insurance. Historically, Americans have used ILITs as a vehicle to make gifts to beneficiaries…
Both Lady Bird Deeds and Texas Transfer on Death Deeds are essentially beneficiary designations for your real estate. Lady Bird Deeds are a product of common law, whereas Transfer…