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Kimberly Hegwood
Dec 22, 20152 min read
Heritage Statements Help in Estate Planning
These findings were highlighted in the Barron’s article, “Preparing for Inheritance: How to Avoid Losing It All,” which also notes that...
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Kimberly Hegwood
Dec 21, 20152 min read
Answers to Question about Long-Term Care Insurance
A nursing home is a facility that provides 24-hour healthcare, rehabilitation, and personal care services. Assisted living is an...
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Kimberly Hegwood
Dec 18, 20151 min read
Las Vegas Forms Special Team to Prosecute Crimes Against the Elderly
District Attorney Wolfson said that aging people are some of the community’s most vulnerable citizens. Crimes against them can devastate...
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Kimberly Hegwood
Dec 17, 20151 min read
Poor Man’s Trusts Approved in California
In the past, the only way single people could avoid having their home avoid probate—without adding someone to the title while they were...
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Kimberly Hegwood
Dec 16, 20151 min read
Watch Out For Robots Taking Over Your Brokerage!
Robo-advising, as it’s been called, has increased in popularity over the past few years. It’s being popularized by companies like...
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Kimberly Hegwood
Dec 15, 20152 min read
Reforming a Will Because of a Mistake
Irving Duke created a “holographic” (i.e., hand written) will under which his wife was to receive all of his property. However, the will...
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Kimberly Hegwood
Dec 14, 20151 min read
Review Your Old Trusts
Consequently, this approach lowered the size of the surviving spouse’s eventual estate and lessened the estate tax burden for the married...
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Kimberly Hegwood
Dec 11, 20152 min read
Alternatives to Joint Tenancy
Holding property as joint tenants with right of survivorship is very common. When two people hold title to property that way, if one of...
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Kimberly Hegwood
Dec 10, 20151 min read
Important Victory for Salinger Heirs
Publisher’s Weekly reported on this development in “Court Punts Salinger Copyright Case to New Hampshire.” The details of this lawsuit...
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Kimberly Hegwood
Dec 9, 20151 min read
2016 Estate and Gift Tax Exemptions
For 2015, the exemptions were set at $5.43 million for a single person and $10.86 million for a married couple. The exemptions for 2016...
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Kimberly Hegwood
Dec 7, 20152 min read
Irrevocable Trusts May be the Answer to Tough Estate Planning Issues
Because an irrevocable trust is typically a separate legal entity, it’s not part of the estate of the person who created it. Its creation...
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Kimberly Hegwood
Dec 4, 20152 min read
The High Cost of Dementia
Most families just aren’t prepared for the financial burden of dementia. They assume that Medicare cover all of the expenses. Not so....
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Kimberly Hegwood
Dec 3, 20153 min read
It’s That Time of Year!
Also up in the air is the optional deduction of state and local sales taxes in place of state and local income taxes, which could impact...
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Kimberly Hegwood
Nov 11, 20152 min read
HEALTH CARE DIRECTIVE: WHO WILL MAKE YOUR HEALTH CARE DECISIONS IF YOU CAN’T?
What would happen if loved ones suddenly could not make decisions for themselves? Who would make these decisions? What kinds of decisions...
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Kimberly Hegwood
Nov 11, 20152 min read
WHERE WILL MY PROPERTY GO AFTER I DIE?
Texans who are considering if they need a will should know what happens to their property if they die without one. This depends on a lot...
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Kimberly Hegwood
Nov 11, 20152 min read
SKIP TAXES WITH A GENERATION SKIPPING TRUST WHEN PASSING ON YOUR WEALTH
You have worked your whole life to preserve your wealth; after you pass on, the last thing you want is for Uncle Sam to wind up with the...
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Kimberly Hegwood
Nov 11, 20152 min read
PROBATE AND NON-PROBATE ASSETS—THE DIFFERENCE CAN MEAN A LOT
A small business is a part of your identity, not to mention your livelihood. Business planning lawyers look to protect both aspects of...
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Kimberly Hegwood
Nov 11, 20152 min read
FOR SOME, TRUSTS ARE A NECESSARY COMPONENT OF AN ESTATE PLAN
When most people think of estate planning, most think about drafting wills. Although wills are certainly an important part of estate...
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Kimberly Hegwood
Nov 11, 20152 min read
DON’T NEGLECT YOUR LONG-TERM CARE NEEDS IN YOUR ESTATE PLAN
Since long-term care will be needed by the majority and is not covered by Medicare, it is important to have an estate plan that will...
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Kimberly Hegwood
Oct 22, 20153 min read
ESTATE PLANNING TIPS FOR WOMEN IN HOUSTON
Most Houston estate planning attorneys will tell you that the work they do often has the biggest effect on women. That is not to say that...
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