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Austin Estate Lawyer
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“A holographic will is a will handwritten by the testator (the maker of a will). Holographic wills are recognized in about half of the states in the United States. Some states, recognize holographic wills under limited circumstances, such as Alaska, Arizona, Arkansas, California, Colorado, Idaho, Kentucky, Louisiana, Maine, Michigan, Mississippi,... Continue reading
Posted yesterday at Austin Estate Lawyer
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“Not all annuities are alike, and some may not be appropriate for you. How much do you know about these investment products?” Kiplinger’s recent article entitled “Annuities: 10 Things You Must Know” explains that, as traditional sources of guaranteed retirement income (like pensions) are no more, many retirees are wondering... Continue reading
Posted 2 days ago at Austin Estate Lawyer
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“We all have heard about family conflict stories. Someday, someone with the capital dies, and there is a war among family members.” The Legal Reader’s recent article entitled “The Importance of Estate Planning” explains that estate planning is not just for the rich. If you don’t have a comprehensive estate... Continue reading
Posted 3 days ago at Austin Estate Lawyer
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“Maybe those poor Gates kids are getting more than $10 million after all.” Divorce experts say there are signs that Melinda Gates’ divorce filing shows that she’s going to change her three children’s inheritance after her estranged husband, Bill Gates, has said he’s leaving them only $10 million each. Page... Continue reading
Posted 4 days ago at Austin Estate Lawyer
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“If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, any familial connections, any interest in supporting charitable groups – not to mention a desire to control your own future – you do need to... Continue reading
Posted 5 days ago at Austin Estate Lawyer
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“The wave of people prompted by the COVID-19 pandemic to write their wills is creating yet another wave in estate planning: all the people being asked to one day put those wills into effect.” Executors are frequently relatives or friends designated in a last will as the final administrator of... Continue reading
Posted Jun 11, 2021 at Austin Estate Lawyer
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“The word “estate” has always been connected to “ultra-rich” families, those with a lot to leave behind after their death. However, definitions have changed, and anyone who has anything to leave behind needs to plan their estate. “Estate planning” essentially becomes your family’s guidebook, once you are no longer in... Continue reading
Posted Jun 10, 2021 at Austin Estate Lawyer
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“The word “estate” has always been connected to “ultra-rich” families, those with a lot to leave behind after their death. However, definitions have changed, and anyone who has anything to leave behind needs to plan their estate. “Estate planning” essentially becomes your family’s guidebook, once you are no longer in... Continue reading
Posted Jun 10, 2021 at Austin Estate Lawyer
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“Amid news of Bill and Melinda Gates' pending divorce, TMZ recently revealed that the philanthropic couple never signed a prenuptial agreement.” The tabloid secured a copy of the Gates’ divorce filings. The papers show that the couple signed a separation contract they told the court to enforce, rather than a... Continue reading
Posted Jun 9, 2021 at Austin Estate Lawyer
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“Army officials expect to unveil their final rule changes for burial eligibility at Arlington National Cemetery sometime this fall, after they finish sorting through significant public feedback on plans to restrict which veterans can choose the site as their final resting place.” In testimony before the House Appropriations Committee, Karen... Continue reading
Posted Jun 8, 2021 at Austin Estate Lawyer
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“Estate planning can be an emotional and challenging endeavor. However, here are three tips to make it easier and to help you prepare for the future.” For most people, estate planning and preparation doesn’t rank very high on their “to do” list. There are a number of reasons, but frequently... Continue reading
Posted Jun 7, 2021 at Austin Estate Lawyer
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“Billionaire Estee Lauder heir William Lauder wants his baby mama evicted from the $7 million mansion he gave her in the Bel Air neighborhood of Los Angeles.” New York socialite Taylor Stein is the mother of a love child with the Estee Lauder heir, William Lauder. They met at a... Continue reading
Posted Jun 4, 2021 at Austin Estate Lawyer
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“Digital assets are part of your legacy. It’s important to plan for how you want them to be managed after you’re gone.” Many states consider the digital accounts you have and access online to be no different from the tangible personal property you own, like cars, real estate and jewelry.... Continue reading
Posted Jun 2, 2021 at Austin Estate Lawyer
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“If you live in California, you likely know it is one of the highest-taxed states when it comes to income taxes. However, there is some good news for those worried about estate taxes. California is part of the 38 states that don’t impose their own estate tax.” There are several... Continue reading
Posted Jun 1, 2021 at Austin Estate Lawyer
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“A popular technique is to use a qualified terminable interest property (QTIP) trust.” Many people have so-called “blended” families, where one or both spouses have children from a previous marriage. Estate planning can be hard for a spouse in a blended family who wants to provide for a surviving spouse... Continue reading
Posted May 31, 2021 at Austin Estate Lawyer
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“Pink's COVID-19 battle left her fearing for her life. During a conversation on Mark Wright's Heart radio show, the 41-year-old singer revealed that she went so far as to rewrite her will, when she was ill last year.” Pink and her four-year-old son, Jameson, tested positive for the virus in... Continue reading
Posted May 28, 2021 at Austin Estate Lawyer
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“Payable on death accounts can help streamline the process of transferring certain assets to loved ones, after you pass away.” Also called a “POD” account, a payable on death account can be created at a bank or credit union and is transferrable without probate at your death to the person... Continue reading
Posted May 27, 2021 at Austin Estate Lawyer
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“Under a tax-law exception this year, clients can make a lump-sum 2021 gift of up to $75,000 to fund a 529 college savings account for a child or grandchild (or any other college-bound individual) and claim a federal gift tax exclusion for the full amount.” Grandparents might use this tactic... Continue reading
Posted May 26, 2021 at Austin Estate Lawyer
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“When it comes to estate planning and deciding who gets what, most people concern themselves, understandably, with big-ticket items: investment accounts, real estate, business interests, etc. In doing so, it’s easy to overlook personal possessions, the seemingly mundane items that are part of daily life.” Estate plans often don’t include... Continue reading
Posted May 25, 2021 at Austin Estate Lawyer
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“Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis.” The president’s tax plan proposes to nearly double the top tax rate on capital gains and eliminate a tax benefit on appreciated assets, known... Continue reading
Posted May 24, 2021 at Austin Estate Lawyer
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“Lots of people “forget” to have a will prepared.” If a will is overlooked, state law and beneficiary designations on financial accounts or property will control what happens next. The Williamson Daily News’ recent article entitled “Estate planning ensures your wishes are carried out” explains that intestate succession, which means... Continue reading
Posted May 21, 2021 at Austin Estate Lawyer
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“What are the advantages and disadvantages of a parent transferring the title of a home to a child?” Let us say the parent is 90 and has a will bequeathing a home to a child, a son. The house was purchased 20 years ago for $300,000 and is now worth... Continue reading
Posted May 20, 2021 at Austin Estate Lawyer
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“Who will inherit what from the Duke?” Ninety-nine-year-old Prince Philip died on April 9, marking the end of a long life of service and dedication, as well as a great personal loss for the Queen, who described him as her "strength and stay". The Express’ recent article entitled “Prince Philip... Continue reading
Posted May 19, 2021 at Austin Estate Lawyer
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“Lawyers for a woman who says she is the sister of the late Charles Manson told a Los Angeles judge today that their client will join two others in bidding to administer the estate of the infamous cult leader, a field which already includes a man who claims to be... Continue reading
Posted May 18, 2021 at Austin Estate Lawyer
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“Legal battles surrounding Robert Indiana’s estate began the day before the artist’s death in May 2018 and have raged on for nearly three years since.” Although there have been several allegations of wrongdoing—including serious claims of neglect, exploitation, forgery and theft by artist Robert Indiana’s caretaker—the legal fight centers on... Continue reading
Posted May 17, 2021 at Austin Estate Lawyer