It’s fairly common for Texas residents to inherit money or property from a relative in another state or even another country. Although the windfall may be a blessing, dealing with potential tax implications and reporting obligations, not so much. If the inheritance is from another country, the reporting, taxation, and paperwork can be completed and …
What If You Inherit Money From An Estate Outside Of Texas? Read More »
Residential homestead exemptions can help people lower their property taxes and protect their domicile and up to 20 acres of land by removing part of the value from their primary residence’s assessed real estate value. Determining how the Texas homestead exemption applies to your situation can be complex. This blog aims to provide information about …
What Every Texan Should Know About Homestead Exemptions Read More »
Understanding the ins and outs of inheritance laws in Texas is essential for anyone planning their estate or for those who may one day need to navigate the complexities of estate distribution. In Texas, the absence of a state inheritance or estate tax is a notable benefit; however, the process of asset distribution—whether you have …
Inheritance Laws in Texas: What You Need to Know Read More »
One of the many advantages of living in Texas is its favorable tax environment. As of 2025, Texas has a state-local tax burden of 8.6%, ranking it as the fifth lowest in the United States. This low tax burden, coupled with the absence of a personal income tax, makes Texas an attractive place to live, …
Texas Estate Taxes: What You Need to Know for Smart Estate Planning Read More »
Marrying for the second or third time means that you will need to update your estate planning choices and needs. Once you remarry, you may not think about it, but you could be leaving in your wake behind you a complicated tangle of assets, titles, and accounts. Your life before your current spouse could have …
FAQs About Re-Marrying and Estate Planning in Texas Read More »
Choosing an executor is one of the most important decisions you can make. The executor is responsible for the distribution of your assets at your death. It is a typically straightforward job to fulfill, but there can be complications, issues, and problems along the way to the final distribution of our estate. Your executor or …
When someone dies, their estate is controlled by a chosen or appointed executor. The duties of an executor vary greatly and extend to the payment of federal taxes on the decedent’s estate, including the taxes applied to income received after death. The law requires that anyone who inherits the duty of the executor is personally …
Avoiding Tax Liabilities as an Executor of an Estate Read More »
Christene “Chris” Krupa Downs is licensed only in the state of Texas. She practices in Collin County, Dallas County and Denton County only. Contacting the attorney and Krupa Downs Law, PLLC through this site does not create an attorney-client relationship. Please do not send any confidential information until such time as an attorney-client relationship has been established.