Greg Lehrmann wrote an excellent article on the use of a 1031 tax exchange in a divorce, so I thought this would be a good topic for this week’s column. Keep in mind, this will require the parties and their counsel to work together for the benefit of all. However, if it is a “war of …
Many of my clients have heard me tell the story of my grandfather clock. My grandmother, Pauline K. Smith (MeMe), gave me this clock. Like many families, we had Thanksgiving, Christmas and Easter with our family at MeMe’s house. These traditional family get togethers are etched in my mind. One Easter, MeMe asked all in …
When someone becomes the executor of an estate or the trustee of a trust, one of their duties is to obtain a tax identification number for the estate or trust. This is known as an EIN (Employer Identification Number) and is issued to the estate or trust by the IRS for tax administration and reporting …
Last week, I provided some basic information about what you should do when someone dies. This week I thought I would provide a list of what you should pull together after the funeral. Sometimes it is tough when you are dealing with grief and all the events related to funerals or celebrations of life. My …
Dementia is a subject close to my heart. As anyone who has ever dealt with a loved one suffering from dementia knows, the cost are high and the stress of losing your loved one is tremendous. The GUIDE program, launched by the Centers for Medicare & Medicaid Services (CMS), aims to improve the quality of …
This week I thought I would provide a list of what you should pull together after a loved one dies. Sometimes it is tough when you are dealing with grief and all the events related to funerals or celebrations of life. My hope is this provides a quick and easy reminder to keep you focused. …
While many form a business entity for liability purposes, the fail to understand maintaining your corporation or Limited Liability Company (LLC) in Texas is a critical task that requires attention to detail and an understanding of state requirements. Many folks believe they can just file forms with the Secretary of State for Texas and then …
We have seen a tremendous influx of people to Texas from other states in the past 5 years. Because estate planning is different for each state, new residents need to reconsider their existing estate plans in light of their recent move. Crossing borders can have profound and unforeseen implications for the future. Of course, Texas …
Continue reading “Welcome to Texas! Have you reviewed your Will?”
There is No Such Thing as a Free Lunch I have address this topic several times in the past, but it is a continuing problem and one of my personal pet peeves. While in the past, many trust salesmen used the offer of a free meal to discuss a LIVING TRUST SEMINAR, today the preferred …
I missed getting an article out in September on Alzheimer’s disease, September is Alzheimer’s Awareness Month. However, this is a subject close to my heart because my father, Oliver James Moak, suffered from this condition. Over time, the disease can change a loved one into a seemingly different person. Caring for a loved one with …
