Estate Planning

People who create an estate plan have several options that they can use to pass assets to their beneficiaries. One of these is to set up trusts and fund them so the trustee of the trust can pass the assets to the beneficiaries.  Some trusts are irrevocable, which...

Your primary residence is often your most valuable asset. It’s important to think carefully about who you want to inherit this asset once you pass away. Careful estate planning ensures it passes to the right person while minimizing legal hurdles.  In Texas, you have...

You've worked hard to build your business, but have you thought about what might happen if something unexpected occurs? Without a proper estate plan, your company could be left in a legal limbo burdened by tax liabilities or even forced liquidation. A well-structured...

One of the most common times people start thinking about estate planning is when their first child is born. This is a logical time to create a will and set up other estate planning documents. After all, estate planning often focuses on passing assets to the next...

In Texas, the rugged land of opportunity, there is more to wealth preservation than cattle and oil. For those keen on safeguarding their assets for future generations, trusts can offer a savvy and strategic approach. Below we explore four types of trusts that Texans...

Individuals with substantial personal resources often have a goal to preserve as much of that wealth as possible. They want to enjoy a comfortable standard of living themselves and to enrich their loved ones by sharing their good fortune after they die. Estate...

Chances are your loved ones are already familiar with your business, perhaps your children learned about it growing up, or they currently work at the company. Nonetheless, you should hold a conversation focused on succession if you want them to take over. How you...

If you have a collection of art or other valuable items, such as vintage vehicles or artifacts, it is crucial to think about them when making your estate plan. They may require more consideration than the purely financial aspects of your estate, such as stocks or...

A Family Limited Partnership (FLP) is a type of business structure in which families pool assets such as businesses, real estate or investments. It typically serves as a wealth transfer tool, but it can also be a good way to manage and protect family assets...

Estate taxes can take a significant portion of the assets you intend to leave your loved ones. The larger your estate, the greater the impact taxes can have. As such, it helps to do what you can to reduce the tax burden when the time comes. Texas does not have estate...