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Flower Mound, Texas
Estate Planning and Elder Law Attorney
Recent Activity
It’s understood that everyone needs a will. However, many people put it off. Don’t be one of those people. Your family will remember, and it won’t be a happy memory! Celebrities aren’t the only ones who fail to plan for their passing. The difference is, their failures can become instructive... Continue reading
Posted Jan 18, 2019 at MEREDITH | PC
The big picture presented by the National Institute on Retirement Security is not a good one. Working Americans are completely unprepared for retirement. The National Institute on Retirement Security is a non-profit research and educational organization that focuses on the development of public policies that help retirement security in America.... Continue reading
Posted Jan 17, 2019 at MEREDITH | PC
Everyone’s needs are different. For most people, one large policy is enough. However, what if your life is not like everyone else’s? How do you know how much coverage you need? Most people never really think about adding more life insurance, once they buy a policy. They figure they have... Continue reading
Posted Jan 16, 2019 at MEREDITH | PC
If you’re living on your retirement savings, while waiting to start taking Social Security benefits to full retirement age or even age 70, you might be costing yourself thousands in taxes. It’s annoying. There’s no way around it. You’ve worked your whole life, and paid taxes on those earnings. Now... Continue reading
Posted Jan 15, 2019 at MEREDITH | PC
We’re not talking about what happens to your soul, or if you are headed to a peaceful place, or even what happens to your physical remains. Have you thought about what happens to the world you leave, your family and friends and your possessions, after you die? Let’s say you... Continue reading
Posted Jan 14, 2019 at MEREDITH | PC
It’s great that overall our life expectancies have increased, but with longer lives, comes a greater risk of bad choices and financial elder abuse. There are steps you can take to protect those you love. As we age, so does our brain. Even high functioning retirees, who have no outward... Continue reading
Posted Jan 11, 2019 at MEREDITH | PC
With less than half of Americans having an estate plan in place, we are in the same boat as celebrities, like Aretha Franklin or Prince. While our estates may not match their assets, the messes left behind are just as painful to family members. A recent survey from found... Continue reading
Posted Jan 10, 2019 at MEREDITH | PC
You might think that pastors, who lead congregations in occasions of birth and death, would be a little more aware than the rest of us of the events of life, and by extension, the need for an estate plan. However, a recent survey shows otherwise. A survey of Southern Baptist... Continue reading
Posted Jan 9, 2019 at MEREDITH | PC
Whether or not to roll a 401(k) into an IRA when you are changing jobs or retiring early, does not have a simple yes/no answer. There are a number of factors to consider. If your retirement plan includes retiring before you reach age 59 ½, you may not want to... Continue reading
Posted Jan 8, 2019 at MEREDITH | PC
When you inherit a home from your parents, there are several tax issues that need to be addressed. They differ by state. You’ll need to understand the details, so you don’t end up with a tax surprise. When a home is transferred from a parent to a child, there is... Continue reading
Posted Jan 7, 2019 at MEREDITH | PC
Marvin Rush II founded, what is now the biggest commercial truck dealership chain in North America. Lawsuits are now flying, between his third wife and his son, who claims that his father was incapacitated when new wills were created. The dispute over the estate of W. Marvin Rush II, between... Continue reading
Posted Dec 24, 2018 at MEREDITH | PC
The old saying that the first generation builds the business, the second generation struggles to maintain it and the third squanders everything, is sadly, statistically true. However, creating a legacy might give you better odds of success. If you’ve been responsible and had an estate plan created, you are way... Continue reading
Posted Dec 21, 2018 at MEREDITH | PC
Are big changes coming to RMDs? An executive order may lead to changes that will have a big impact for 401(k) account owners and businesses. During a visit to Charlotte, North Carolina, President Trump signed an executive order that directs the Department of Labor to ease rules on MEPs—small business... Continue reading
Posted Dec 19, 2018 at MEREDITH | PC
What would happen if someone who you don’t know—or someone you do—decides you are not competent and tries to become your legal guardian? Could it happen? The concept of guardianship for a senior is a difficult thing to consider. Maintaining your independence and remaining in charge of your own life... Continue reading
Posted Dec 17, 2018 at MEREDITH | PC
It takes time to build a business, and it can take just as long to create a strong succession plan. Many business owners can’t imagine a life without the business they built, so they often postpone planning for their own retirement and the sale or transfer of the business. That... Continue reading
Posted Dec 14, 2018 at MEREDITH | PC
Kentucky law affirmed that money remaining in a POD account after one of the owners died, belongs to the survivor. That’s the whole point of a Payable On Death account. Known as a POD or a Totten trust, a Payable on Death account is a way to own accounts, usually... Continue reading
Posted Oct 18, 2018 at MEREDITH | PC
Even when planning for competency issues is in place, there can still be problems. When a highly-intelligent public figure makes decisions his kids thinks are wrong, who is right? The case of Buzz Aldrin, who is taking his son and daughter to court on charges of fraud, conspiracy and exploitation... Continue reading
Posted Oct 16, 2018 at MEREDITH | PC
The estate of one of America’s best loved country singers is facing a struggle, since the interim administrator of the estate is asking the court for the legal muscle he needs to hire accountants and other professionals. Stanley B. Schneider, Glen Campbell’s publicist, has filed a motion in Davidson Probate... Continue reading
Posted Oct 15, 2018 at MEREDITH | PC
If taxes and cost of living are important factors for you, here’s a look at states where you should only retire with a good reason, like family ties. You’ve read plenty of surveys about the best places to retire, but have you ever looked at the worst ones? Think Advisortook... Continue reading
Posted Oct 12, 2018 at MEREDITH | PC
The ability of the state to set laws regarding estate taxes has been exercised by Maryland, which has put its own estate law in place, separate and apart from the IRS. The state legislature of Maryland has passed a law following the new tax reform that will limit the state’s... Continue reading
Posted Oct 11, 2018 at MEREDITH | PC
Some believe that Meghan McCain and her siblings will follow their father’s legacy of service. Questions about the estate he left behind are mostly known, as his family’s holdings were revealed by the opposition when he ran for the presidency. The challenge about John McCain is less about his estate,... Continue reading
Posted Sep 17, 2018 at MEREDITH | PC
The statistics aren’t encouraging. About three quarters of Americans are likely to need long-term care, but very few are ready for the costs. A recent article from Think Advisorpaints a dismal picture of Americans who are just not preparing themselves for the inevitable facts of aging. The article, “Now You... Continue reading
Posted Sep 14, 2018 at MEREDITH | PC
Estate planning often serves as a reflection of a family’s experiences. In this instance, estate planning is used to protect the family and individuals with substance abuse problems. Estate planning attorneys hear all kinds of stories about bizarre family dynamics and difficult relatives. However, the national opioid epidemic is relatively... Continue reading
Posted Sep 13, 2018 at MEREDITH | PC
Maybe people who went into the music in the past, led with their hearts and souls, like Aretha, but the difference in income is astronomical. As singers and actors from prior generations die and we learn about their business lives, there’s a huge disparity between their earnings and that of... Continue reading
Posted Sep 10, 2018 at MEREDITH | PC
Tuition refunds, K-12 education costs and rollovers to ABLE accounts for disability-related expenses, will now reflect recent tax law changes. New regulations that reflect changes from the 2015 Protecting Americans From Tax Hikes (PATH) Act, and the 2017 tax overhaul will be issued by The Internal Revenue Service (IRS) and... Continue reading
Posted Sep 7, 2018 at MEREDITH | PC