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- 7 Things You Didn’t Know You Could Include in Your Estate Plan
A digital executor manages your digital assets, such as social media accounts, online banking, and email accounts.
- Estate Planning Myths
A court cannot make decisions on your behalf about what happens with your property, accounts, or guardianship
- NEW TEXAS FAMILY LAWS AFFECT CHILD SUPPORT
receiving child support within the Texas Family Code, a recent amendment to the law may increase the amount Basically, it was time to increase the cap to account for inflation and the increased cost of living Prior to Sept. 1, 2013 only $7,500 of that total amount was taken into consideration by the court when Now, with the new law in effect, an additional $1,050 is counted, which means the parent receiving the Whether you are paying or receiving, the amount will not change unless one party specifically requests
- Make That Required Minimum Distribution go Directly to Your Favorite Charity
The donation counts as your RMD but won’t increase your adjusted gross income, according to Kiplinger If your IRA has check-writing privileges, you can write the check directly from your account to the charity
- Estate Planning for Virtual Assets
Also known as RUFADAA, the legislation established rules around digital account ownership. Federal data privacy laws generally forbid online account service providers from allowing access to the account by anyone besides the account holder. If you are eager to get into your spouse’s email account after they pass, for instance, you likely will are eager to make plans for your digital assets, spend time taking an inventory of all your online accounts
- Powerful Estate Planning Tools for Charitable Giving
The QCD will count towards any required minimum distributions, or RMDs, that account holders must make distributions are a great way to meet RMD requirements while benefiting your favorite charity and excluding an amount
- KEEPING YOUR SPECIAL NEEDS TRUST UPDATED IN HOUSTON
You want to be sure that all of them are properly titled and that they are accounted for in your estate
- How to Create a Living Trust in 5 Simple Steps
Work methodically through the accounts and property you want to be held in trust, filing the correct Financial and retirement accounts (stocks, bonds. etc). Artwork, jewelry, collectibles. Typical steps are: Open a new bank or brokerage account in the name of the trust. File change of ownership and beneficiary paperwork on financial accounts.
- Retirement Planning 101
Make sure you have a diversified investment portfolio across all of your accounts. Risk Management.
- PROBATE AND NON-PROBATE ASSETS—THE DIFFERENCE CAN MEAN A LOT
you think of your estate, you would probably include your home, your personal assets, and your bank accounts
- Family Matters: Planning Mistakes Small Business Owners Should Avoid
Nip this problem in the bud by setting up business accounts that keep your personal finances out of your
- Protecting Assets from Medicaid: How Funding a Trust Can Help
Medicaid To be eligible for Medicaid, an applicant’s assets, including income, must be less than a certain amount Certain assets are countable including bank accounts, stocks and bonds, property, cash value of life