Estate Planning

New VA Aid and Attendance Eligibility Requirements Go Into Effect this Week

The Veterans Administration has announced changes to the eligibility requirements for Veterans to receive Aid and Attendance benefits. The two most significant changes the VA has added is a gifting penalty and a 36-month look-back period for gifts an uncompensated transfers.  These changes go in effect October 18, 2016 Overview of VA Aid and Attendance […]

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Updates to the Texas Financial Power of Attorney

The Texas legislature created a standard,  statutory form for the durable power of attorney.  This is also known as a Financial Power of Attorney.  This document, along with a Medical Power of Attorney, addresses circumstances when an individual is unable to make decisions for themselves.  Individuals who execute these documents  help their families avoid spending

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How Children Influence your Estate Plan

Young Kids Create Special Considerations for Estate Planning When you have kids—especially young adults or minor children—estate planning is more critical than ever. Children introduce several unique concerns. There are more questions to think about, and there’s more riding on getting it right; so this is a crucial matter to think about early.  There are

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So the Estate and Gift Tax has doubled – does that mean anything for you?

The Tax Cut and Jobs Act of 2017 has doubled the Federal Estate and Gift Tax exemption amount from $5.6 million to $11.2 million (2018 numbers).  This means that if you are married, under portability rules, you and your spouse have a $22.4 million federal estate tax exemption (at least through 2026).  Many people may

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What Are The Long-Term Care Costs in Estate Planning?

Long-Term Care Payment Options Continue to be Limited The Wall Street Journal continues to report on the struggles of the long-term care insurance market. Why is this important? Long-term care insurance was viewed as the middle-class solution to affording long-term care. What steps can individuals take to plan for long-term care? Meet with your Financial

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Individuals You Need to Consider Naming in Your Estate Plan

Overview An estate plan asks the client to name individuals for a variety of responsibilities – responsibilities that differ from one another and may lead the client to determine that more than one person is best suited to fill each of these roles. Executor/Trustee For the client The executor of a will is responsible for

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