If you are wondering what all the talk about the dependent care tax credit is, and how it will affect you going forward, then stay tuned. You’ll definitely need to talk to a financial planner and fast – because everyone will be affected by the changes disallowing you to escape the wealth tax. Here is …
Repercussions for the Permanently Extended Child and Dependent Care Tax Credit Read More »
When a person dies, it is usually a matter of law as to how the Texas estate will pass to the next of kin. All states have specific rules for the passing of real property to a surviving spouse with or without a will. These laws are in place to protect the surviving spouse, and …
A cryptocurrency is the broad name to digital technologies that allow you to use electronic and digital technologies to: Transfer money into accounts globally Record data from your personal accounts Invest internationally Many people have heard of Bitcoin and may not know what it really is. But before this discussion can really take off, it …
What Is a Cryptocurrency and What Are the Risks to Using It? Read More »
What Is a Pet Trust? Pet trusts are a trust set aside for the continued maintenance and care of your loved family pets after you die. Pets are considered to be full members of the family, and owners would never dream of them being relegated to a shelter if an owner passes away. Pet trust …
Medicaid is an important source of long-term income coverage for Americans who lack access to affordable health insurance. However, to qualify Medicaid, the applicant cannot have transferred property without the last five years. This can complicate matters if you want to leave your house to someone in your will. That is when a Lady Bird …
The hard part is over—you have taken the time and effort to put together a Texas estate plan that works for you and your loved ones. Great job! But there are still important things to get organized that will help down the line beyond your paperwork. Increasingly, individuals are spreading out their assets and other …
Many of us wonder about the right time to start or adjust estate planning. While, most estate planning professionals can’t agree on a specific age that you should consider working on an estate plan, there is a school of thought that believes that the sooner, the better when it comes to deciding what will happen …
Top Five Life Events that Require Estate Planning Read More »
For many people, life insurance is a simple thing; you buy a policy so that your family will get some financial help after you die. However, in many cases, life insurance can be a useful tool when it comes to estate planning. A traditional life insurance policy will pay out after your death, but an …
What you Need to Know Irrevocable Life Insurance Trusts Read More »
Estate planning on behalf of an incapacitated spouse, parent or sibling can be painful and confusing. However, an individual’s capacities can change a lot over the years with illness and aging. When a loved one can no longer make sound decisions, it might be wise to have someone else (known as the agent) make the …
Appointing an Agent: Powers of Attorney, Guardianships and Conservatorships Read More »
Few of us want to think about a future where we may not be able to make our own decisions about our finances. Yet many people over 65 find themselves with physical illnesses that limit their ability. That is why incapacity or disability planning is so important. Without proper planning, your family and loved ones …
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