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By engaging in Succession Planning, the small business owner can ensure that his or her wishes are followed Not only does this kind of planning make for an easier transition on those left behind, but it also saves Your small business is a part of your estate, and just like your home and other assets, planning needs By planning in advance, you can take advantage of Section 303 and Section 6166 of the tax codes. If you have questions about planning for the future of your family business, please feel free to give

Unless you are dealing with an estate planning specialist, ethical considerations in estate planning skilled in providing estate planning guidance. If the estate plan is contentious, this situation could be difficult. Diligence The importance of due diligence in estate planning cannot be overstated. The importance of ethical planning and decision-making cannot be overstated.

After all, drawing up plans to distribute your assets to your partner, children, or other loved ones While most people can benefit from detailed estate planning, succession planning becomes even more important most common pain points, allowing loved ones to focus on their emotional wellbeing rather than their financial A simultaneous death provision may already exist in your estate plans. To put a plan in place to protect your estate from simultaneous deaths or to get your existing plan reviewed

House and Senate, change in tax law is almost guaranteed, which may mean you need to update your estate plan President Biden’s tax plan aims to reduce this number to $3.5 million, which is a significant drop that could leave many people with taxable estates without careful tax planning. Gifting early in your retirement or utilizing life insurance as an estate planning tool may be a good While no one can predict the future, experienced estate planning attorneys can make recommendations that

Once the sole proprietor dies, the business does too, creating estate planning problems. If you have questions about how to best plan for the eventual succession of your business, feel free

Estate planning is important – you probably already know this much to be true. Nobody likes to think about their own mortality, and it is hard to feel motivated to put plans in place Consider Whom You Are Planning For An estate plan is more than just a list of your assets and how you Having proper estate planning documents established will allow you to make your wishes known when it This is called “dying intestate,” which is a legal term for dying without an estate plan.

Basic estate planning is far simpler than most people assume. The easiest way to do this is through estate planning. financial decisions, like paying your bills or accessing your bank account. Create Your Estate Plan Today If you are single and unsure of how to best begin estate planning, reach It’s never too early to begin planning for the future.

Estate planning might seem like walking through a maze. A key part of estate planning is creating a will. Our experienced team has successfully guided countless individuals in Houston through the estate planning and long-term care planning, our team is adept at tailoring solutions that cater to your unique needs In the realm of estate planning, knowledge is power.

When you have a child with disabilities, planning for the future can be complicated. But it is even more critical for parents to plan for a time when you will not be there to care for and If you make careful estate planning choices now, you can prepare for your child’s future care and financial Some of the best options for future planning involve trusts. If you are concerned about planning for your child’s future, legal, educational, and financial necessities

We pay bills, socialize, work, and play virtually. Taking Inventory If you are eager to make plans for your digital assets, spend time taking an inventory Once you have assembled your list, schedule a meeting with an estate planning attorney at Your Legacy We can answer questions you have about your options for virtual asset planning and protection. digital assets, call (281) 218-0880 or click here to schedule an appointment with our experienced estate planning

Americans are reconsidering their estate planning strategies following Joe Biden’s presidential election No matter what your plans are, keep these considerations in mind ahead of inauguration day: Gift and Under Biden’s plan, long-term gains and dividends may be taxed as ordinary income for those with a taxable

Estate plans can help ensure your wishes are respected should you become incapacitated or pass away. Regardless of whether you have existing estate plans in place or if you are starting from scratch, take Take a moment to make sure your plans reflect the relationships that mean the most to you now. Meet with an Estate Planning Attorney It can be scary to plan for the future when you are not sure what team at Your Legacy Legal Care has the knowledge to help you understand your options and ensure your plans