If you have a family trust—or are considering creating a family trust—to protect your assets you may want to ask your attorney about creating an out of state trust. It’s a grantor’s market (so to speak) and creating a trust these days doesn’t mean you have to simply...
Serving as someone’s executor or personal representative is a HUGE job, and not for the faint of heart. Although it is commonly considered an honor, there is a lot of work involved, and an executor must have a great capacity for organization, attention to detail,...
Do you know how your retirement plan fits into your estate plan? Ideally you would never have to worry about this; you would spend the last penny of your savings on the day you die. But life rarely works out according to ideal circumstances, and the reality is that...
Executor was given possession of funds and has gone into "hiding." In process of having him removed as executor, but what legal recourse do the other beneficiaries have if the money is gone? What and how can charges be brought against this individual? Your question is...
My grandmother died with no will. No family member wants the land but me. What do I need to do? I am paying the back and present taxes on the land. I don't practice in Texas, but this is what I would do in Arizona. First of all, I would contact a title company to make...
How much does it cost to raise a child from birth to age 18? Online calculators now estimate the cost at about $250,000 (varying depending on where you live around the country), but any parent will tell you that it costs much more than that to raise a family. This is...
In many of our previous posts we’ve stressed the importance of keeping your estate planning documents up-to-date. Changes to the law, as well as changes to your own personal, medical and financial status can wreak havoc on a well-crafted estate plan if these changes...
Property ownership under the law is an interesting topic. No one ever thinks about property ownership until they buy something, like a house. Then one generally asks the real estate broker how they should hold title to their home. The problem with asking the broker is...
Wills and estate plans are always touchy subjects among family simply because they can have so much hidden meaning... at least that’s what heirs often think: I got mom’s jewelry but my sister got a cash gift—does that mean mom loves her more than me? What’s wrong with...
2010 has been anything but ordinary as far as the estate tax is concerned. First there was the unexpected repeal of the estate tax (unexpected not because the repeal was unplanned, but because nobody expected it to actually happen), then the idea that congress could...
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