Estate Planning
Can I File A Claim For Tortious Interference With Inheritance Rights If Someone Has Reduced Or Eliminated My Inheritance? Inheritances can be wrought with controversy. Disputed wills, trusts, or other estate plans may lead to family members losing part or all of their inheritance. When a person believes that a family member or some other third party has wrongfully caused their…Read More
Exciting things are happening in Round Rock. Baseball great Nolan Ryan is moving the headquarters of his foundation here, which is going to be a great boon for our community, and a wonderful example of the good work that can be done through a family foundation. Moving To Round Rock Last month Nolan Ryan and his son Reece Ryan unveiled…Read More
Are you planning on setting a New Year’s resolution? If so, you are in good company. 45% of all Americans usually make New Year's resolutions, and 17% infrequently do so. This sounds pretty good until you consider only 8% of people keep their resolutions. Probably because most of them require extreme behavior modification, and, horror of horrors, calorie-counting! Why not…Read More
Why Gift? During the recent election it was revealed that president-elect Donald Trump had used very aggressive tactics in order to minimize his tax burden. Not all of us have millions of dollars in business loses that we are able to carry forward for years on end, but most of us do make charitable contributions throughout the year that can…Read More
Back in the mid-1990s, Texas’s own Mark Chesnutt had a hit on his hands. “Goin’ Through the Big D” is a surprisingly catchy tune about man who is going through a divorce who is frustrated that the judge gave his soon to be ex-wife everything they owned except the Jeep. One thing the song doesn’t talk about (probably because it…Read More
In order to predict how much your estate will have to pay in taxes, one must first determine the value of the estate. To determine this, many assets might have to be appraised at fair market value. The estate includes all assets including real estate, cash, securities, stocks, bonds, business interests, loans receivable, furnishings, jewelry, and other valuables. Once your…Read More
What Are Some Simple Steps To Take To Protect My Assets? In protecting your assets, the same rule applies as in investing, gambling, and even budgeting: aim to keep your winnings. It is also important to start thinking about estate planning early in your life, come up with as simple a plan as possible, and not to attempt to hide…Read More
An executor is responsible for the administration of an estate. The executor’s signature carries the same weight of the person whose estate is being administered. He or she must pay the deceased’s debts and then distribute the remaining assets of the estate. If any of the assets of the estate earn money, an executor must manage those assets responsibly. The…Read More
A tax basis is essentially the purchase price of a piece of property. Whenever that property is sold, the seller must pay taxes on the difference between the sale price and the original purchase price. This concept applies to all property, including stocks, bonds, vehicles, mechanical equipment, and real estate. If debts are assumed along with the purchase price, the…Read More
There are many reasons why a person might leave a spouse or another loved one out of his or her will. It is possible that the will in question was executed prior to a marriage and was never properly updated. It may also be the case that the husband and wife, though still technically married, are estranged, and do not…Read More
An executor's fee is the amount charged by the person who has been appointed as the executor of the probate estate for handling all of the necessary steps in the probate administration. Therefore, if you have been appointed an executor of someone’s estate, you might be entitled to a fee for your services. This fee could be based upon a…Read More