Business Planning
How Do I Choose a Texas Business Entity?
If you’re wondering how to choose a Texas business entity, this is for you.
October 27, 2023
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Resources
Planning to safeguard your legacy, protect your loved ones, and honor your wishes for generations to come.
Estate Planning
Federal Trust Planning Taxes
This post covers five federal tax concepts to carefully consider when planning your estate: Grantor Trust Status; Estate Inclusion; Completed Gift; Basis Adjustment; and Generation Skipping Transfer Tax.
October 27, 2023
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Estate Planning
Revocable Living Trusts
The revocable living trust is often the foundation of an estate plan. But what is it? To answer this question, we’ll consider the definition, the advantages, and the limitations of a revocable living trust.
October 27, 2023
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Estate Planning
What Is a Trust?
From the perspective of estate planning, what is a trust? We will answer that question by exploring these trust concepts: the purpose of a trust, the grantor, funding a trust, the beneficiary of a trust, the beneficiary’s beneficial interest, and the trustee.
October 27, 2023
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Asset Protection
What Is Asset Protection?
Asset protection is a set of strategies to protect your assets from being taken by predatory creditors. There are two parts of asset protection.
October 27, 2023
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Estate Planning
How the IRS Categorizes Trusts
For purposes of taxing trusts, the IRS divides them into three categories: simple trusts, complex trusts, and grantor trusts.
October 27, 2023
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Estate Planning
The Advantages of Dynasty Trusts
From an estate planning perspective, dynasty trusts have many advantages for high net worth individuals and families.
October 5, 2023
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Asset Protection
Homestead Protections Explained
Let’s start by distinguishing two legal concepts. First is the homeowner’s exemption, which is a break on property taxes for the homeowner’s principal residence. Second is the homestead protection, which protects some equity in one’s primary residence or homestead from some creditor claims.
October 5, 2023
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Special Needs Planning
ABLE Account or Special Needs Trust?
Can ABLE accounts be good alternatives to Special Needs Trusts? In some circumstances, yes they can!
October 4, 2023
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Special Needs Planning
How to Get on Medi-Cal without Losing Your Entire Estate
Let’s start by distinguishing three sorts of healthcare services: Medicaid, Medicare, and Medi-Cal.
October 4, 2023
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