There’s no doubt about it – you’re a hardworking and dedicated professional who has put immense time and effort into honing your craft. Whether you’re a physician, engineer, entrepreneur or other high-earning professional, you had to work hard to get where you are. And, with each passing year, you become more and more financially secure. […]
Estate planning can be confusing, especially when it involves tax law. The good news is that Texas is tax-friendly and does not require an estate or death tax; however, it does require an inheritance tax. A federal estate tax is a tax paid based on the net value of the property of the deceased person. […]
Congrats! You are a new executor of someone’s will. You may be wondering what an executor is exactly, and what you need to do when a person dies. First of all, if you were chosen as an executor, the person who drafted the will has much respect for you. They consider you a very reliable […]
Whenever someone dies and leaves property to their loved ones, the court starts legal proceedings and supervises the payment to the heirs and payment of debts once the decedent (deceased person) dies. This is called probate.When people die with a valid will, their property will usually be distributed (according to their wishes in the will) […]
Do you have assets or property that you want to leave to family members or friends when you die? Does someone want to leave property to you when they die? Yippee!! If you answered “yes” to either question, you should know a bit about inheritance and estate taxes–so you or your beneficiaries don’t have a […]
Like some people, you probably understand the importance of a will and have a clear idea of how you want your assets, real estate, property, and personal belongings to be distributed after your death. You may have even thought about your overall estate plan and whether you need medical directives or a trust. Hopefully, you’ve […]
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