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What Benefits and Disadvantages Do Trusts Offer in Estate Planning?

A trust is a contract where the grantor (the person who sets up the trust) puts their assets in the trust, and the trustee is in charge of the trust. Most of the time, the grantors and trustees are the…
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How to Include NFTs in Your Estate Plans

There has been a lot of discussion in the news lately about NFTs. Short for “non-fungible token,” the term refers to digital assets that can’t be replaced with something else – even something of equal value. While you might be…
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Guarding Your Estate Plans Against the Impact of Inflation

It seems the word “inflation” is on everyone’s lips these days. While some experts believe our current inflation trends are the temporary result of pent-up pandemic demands, others worry we are on a trajectory of inflation that could last years.…
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Make Retirement More Fun with Estate Planning

The words “fun” and “estate planning” are not typically used in the same sentence. Most people see estate planning as a chore to muddle through. While choosing beneficiaries and thinking about end-of-life care is certainly nobody’s idea of a good…
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What Is a Special Needs Trust Under Texas Law?

Under Texas law, a special needs trust is a trust that allows a person with a disability to have money put aside for their care. Additionally, the special needs trust still allows the person with a disability to be eligible…
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Are My Retirement Assets Protected From Creditors?

Texas offers excellent creditor protection compared to other states. Our Texas bankruptcy laws are better than the federal ones when it comes to protections, but retirement is protected even under the federal program. Until recently, retirement benefits were not protected…
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Family Matters: Planning Mistakes Small Business Owners Should Avoid

Small business owners are nothing if not hard workers. Many spend a lifetime pouring their blood, sweat, and tears into their businesses. Without smart planning, all that work can be lost through disability, retirement, or death. If you own your…
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Planning for the Worst: Estate Advice for Simultaneous Deaths

A lot of assumptions go into creating wills. After all, drawing up plans to distribute your assets to your partner, children, or other loved ones hinges on the presumption that you will be the first to pass. Unfortunately, though, accidents…
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Estate and Gift Tax Rate Hikes: What Does This Mean for You?

Earlier in the year, Senator Bernie Sanders proposed new legislation that could make waves in the estate planning world. The “For the 99.5 Percent Act” was introduced, increasing the odds of sweeping federal estate and gift tax reforms during the…
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