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Despite this change, the plans – if enacted – could have major implications for estate planning. These changes must be factored into your estate plans to avoid any unpleasant surprises. Proposed Changes President Biden has proposed raising the top marginal income tax rate from 37 percent clarify your assets and understand how your specific estate plans might be impacted by the proposed changes If you are concerned about the possible upcoming changes in laws regarding estate planning, Your Legacy

familiar with your situation, is able to carry out all of the tasks associated with the role, and is willing

This means it cannot be changed or dissolved without the permission of the beneficiary. The right trust can adapt to changes in the beneficiary's life and needs.   special needs planning attorneys  at Your Legacy Legal Care stay abreast of the latest legislative changes

For President Biden, the estate tax is a very likely target for change. The impact of potential changes reaches far beyond the estate tax, though. With Democratic majorities in both the House and Senate, change in tax law is almost guaranteed, which Professional Insight You Need It is vitally important to prepare now for the wide range of potential tax changes Your Legacy Legal Care has seen many changes in tax law over the years, and have options that are available

Children don’t have the right to inherit, and a father has every right to leave his kid or kids out of his will, says the article, “Your parent left you out of their will: What now?” from New Jersey 101.5. If the father is competent and not being unduly influenced by his current wife, he can decide to leave out the child from his first marriage. A husband frequently leaves everything to a spouse, even if it’s a second marriage. In some instances, a father may feel he’s being fair by leaving a child out of his will. It could be that the child from his first marriage is significantly older than the children from his second marriage. Perhaps he paid for the education of that older child or even put a down payment on the first home of that child. In light of this, the father may believe he must leave the rest of his estate to his other younger children in order to put them in the same position as his first child. Or maybe the father feels comfortable that his oldest child is successful in life and that his half-siblings are more needy. Another scenario might be that the father provided for the child from his first marriage in some other manner, such as by naming him as a beneficiary of a life insurance policy, IRA, or other payable on death account that does not pass under the will. Otherwise, if the father is competent, there is little a disinherited child can do. Upon the father’s death, a child could contest the will, claiming undue influence by his new wife. Reference: New Jersey 101.5 (November 19, 2015) “Your parent left you out of their will: What now?“ #EstatePlanningLawyer #HoustonEstatePlanning #WillChanges #HoustonWills #ProbateCourt #Inheritance #HoustonProbate #HoustonTrustsandEstates

Herzer was in charge of Redstone’s advance health care directive and made decisions on his behalf, but that changed on October 12. Viacom Chief Executive Philippe Dauman then became the person in charge of Redstone’s advance health

to that person and make sure he or she understands why you’ve chosen them and whether he or she is willing If something changes, contact your estate planning attorney to change your guardian choice.

Be Familiar with Existing Documents and Understand What Needs to Change The estate planning documents They also have the authority to change beneficiaries.

Wills. The long-term consequences of not having a will are huge. If you have been divorced or recently widowed and remarried, it is crucial to reflect those changes in Inherited by Baby Boomers” #AssetProtection #ProbateAttorney #ProbateCourt #Inheritance #Funerals #Wills

Events in your life may have changed, so examine your will with your estate planning attorney to ensure TrustsandEstates #HoustonEstatePlanning #WillChanges #Probate #ProbateCourt #Inheritance #PowerofAttorney #Wills

wife, Nora, but since she was diagnosed with early onset of Alzheimer’s seven years ago, things have changed

To accommodate our expanding services, we are excited to announce that we are changing our name from By changing our name, we hope to better reflect our continuing devotion, compassion, and loyalty to our