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The only constant in estate planning is change. They include: Annual Gift Tax and Estate Tax Exclusions Are Increasing For the first time since 2018, order to reduce your taxable estate. Update Your Estate Plans Now Making sense of estate planning laws often requires professional help. important to consult with your financial advisor and estate planning attorney.

With that, his two girlfriends were set as the principal beneficiaries of his personal estate. Sumner recently removed Viacom CEO Philippe Dauman, who was a trusted adviser and long described as Sumner ’s second son, as well as Viacom director George Abrams from his trust. #AssetProtection #WillChanges #ProbateCourt #Inheritance #Wills #estateplanning

Blood could not make you both any closer, so it is only fair that you make provisions for him in your estate A blended family estate planning attorney is just what you need. In this way, your stepchild could eventually benefit from what is now in your estate. Stepparents will not inherit unless specific provisions are laid out in an estate plan. Consult with an estate planning professional at Your Legacy Legal Care about setting up a trust that

Talk with a qualified estate planning attorney when designating your primary, contingent, and tertiary Remember that when you set up a trust, your IRA cannot be retitled to your trust. The quick solution is to overcome this by simply changing the IRA’s beneficiary to their trust. Talk with an estate planning attorney to be certain that the IRA’s beneficiary is a trust that qualifies #IRA #401k #403b #Medicaid #VeteranBenefits #Trusts #RequiredMinimumDistributionRMD

assistance of an estate planning or elder law attorney. One way to plan for this situation is to make use of incentive trusts. However, if they are a minor, it may be advisable to set up a trust that will allow the trustee to control , then you should have an estate plan that states so. Estate planning is important for everyone.

Here are just a few of the most powerful estate planning tools you can use when considering your charitable Bequest in your Will or Revocable Trust One of the simplest and most direct ways to benefit a charity upon passing is to leave a bequest in your will or revocable trust. A bequest is a statement in your will or trust explaining how much you would like to leave to benefit Legal Care at (281) 885-8826 or click here to schedule a meeting with our experienced elder law and estate

You can use trusts, LLCs, and other entities to shield your wealth and ensure it is passed on to your You can establish trusts, set up guardianships, and make charitable donations to ensure your assets are estate planning to achieve your goals: Wills and trusts — A will outlines how you want your assets to be distributed after your death, while a trust can help you manage your assets during your lifetime Trusts can also help you avoid probate and minimize taxes.

You can also use estate planning to pass on your values and highlight your principles. Charities cannot be heirs to an estate unless expressly named in a will or as a beneficiary in a trust estate planning attorney. Life Estate Deed: You can create a life estate deed for property you need to retain until death. Protect Your Legacy with an Estate Planning Lawyer in Houston If you are revising an estate plan or just

Litigation,” usually beneficiaries wait until after a person has passed away to challenge a will or trust in Competency Litigation” #AssetProtection #Incapacity #ProbateCourt #Inheritance #Dementia #Wills #Trusts #ElderLaw #estateplanning

The Connection Between NFTs and Estate Plans If you are considering venturing into the world of NFTs, With enough forethought, you can include NFTs in your estate plan and ensure your heirs one day gain By creating a digital estate plan, you minimize the stress your family and loved ones experience at the estate planning attorney as soon as possible. An estate planning professional can guide you through recommendations and important next steps to take

While estate planning is important for married couples, it is arguably even more necessary for couples Without a solid estate plan, your partner may be shut out of the decision-making and the estate. Revocable Trust A revocable trust can be especially important for unmarried couples. By using a trust and skipping probate, your assets also remain private. Call an Estate Planning Attorney Today To determine the estate planning options that are right for you

In Texas, only those who have “standing” can contest a will or estate. Contest a Will in Texas Understanding who has the legal standing to contest a will is a crucial aspect of estate Probate litigation can be avoided by using trusts . Trusts are an extremely powerful estate planning tool that can skip probate altogether, ultimately skipping , depending on your assets and estate planning goals!