While it is rare, there are sad situations in which families fight after someone dies. Even more rare are disputes that arise between parents and their children while still living. Most people have been raised to be respectful to their parents and elders. However, in today’s world, I fear respect is becoming a preciously rare …
Whether you like the “Big Beautiful Bill” or not, it has resolved an important estate tax issue. Before the Big Beautiful Bill (BBB), the Federal estate tax exemption set by the Tax Cuts and Jobs Act of 2017 was set to sunset or end on December 31, 2025. However, the BBB has raised the Federal …
It comes to me as second nature, but when you are entering a real estate deal, you should hire an attorney. I am amazed at how many verbal land sales and homemade contracts I see. Homemade deeds with incorrect or insufficient legal descriptions are common as well. If you are going to invest your hard …
When most business owners think about estate planning, they’re usually focused on one thing: what happens to the business after they’re gone. And while planning for succession is essential, there’s another scenario that often gets overlooked—what happens if you’re still alive but unable to run your business? Incapacity isn’t just about catastrophic accidents or permanent …
Not too many folks in our area are farming, however, there are tree farms and a lot of ranching families. Farming and ranching aren’t just jobs. They’re a way of life, often passed down through generations. But without a proper estate plan in place, that legacy can slip away—sometimes in just one generation. All too …
Estate planning can be complex, especially when you own property in multiple states. This can raise various legal considerations, potentially complicate the probate process, and increase the administrative burden on your heirs. Understanding the nuances of managing such a diverse portfolio can help streamline the process and ensure your assets are distributed according to your …
Continue reading “Ownership of Out of State Property in Estate Planning”
This has been the wettest Summer in a long time. The recent rains have resulted in flooding in areas not previously affected and unfortunately, in deaths in the Hill Country. While there are a number of possible reasons, highway expansion, construction of new homes/subdivisions, silt build up in area lakes and creeks, the resulting flooded …
Continue reading “Read Your Insurance Policy – It is Hurricane Season”
After the Last Will and Testament, power of attorneys, and medical directives are created and the other crucial estate planning components are addressed, take some time to consider your unique family situation and the details that would make the transition more difficult to navigate following a death. As anyone who has lost a spouse or …
As the 89th Regular Session of the Texas Legislature draws to a close, I thought it might be interesting to provide a legislative report covering significant bills impacting real estate matters in Texas. Senate Bill 17 SB 17 is one of several measures introduced this session aimed at restricting certain types of foreign ownership of …
Continue reading “Real Estate Matters In The 89th Regular Session”
While the simplicity of a Will driven estate plan in Texas is most favored, some situations dictate using a trust instead. Navigating the details of a trust in the pursuit of crafting an optimal estate plan can be overwhelming. All 50 states have different systems of probate. The ultimate purpose of probate is to transfer …
