An Efficient Way To Give

If you are 70 and ½ years of age, you are required to take minimum distributions (RMD) from your IRAs or else pay penalties. This RMD is then treated as taxable income to you. Under the new tax law passed in December 2017 and effective beginning January 1, 2018, the standard deduction has been increased [...]

2018-07-06T11:42:49+00:00July 6th, 2018|Assests, Beneficiaries, Inheritance|0 Comments

Who Needs Asset Protection?

There is a common misconception that only crooks or the super wealthy need asset protection. In reality, everyday people should have asset protection planning. Comprehensive estate planning can protect you from each of these dangers that otherwise may cause the loss of some or all of your estate: Spendthrift Beneficiaries: Studies show that we do [...]

2017-02-01T14:41:22+00:00February 1st, 2017|Assests|0 Comments

Attorney-Client Privilege Is not Absolute

When you go to an estate planning attorney you expect that what you tell the attorney will be protected by attorney-client privilege. However, that might not always be the case. Attorney-client privilege is one of the most important legal doctrines in the U.S. It allows people to be open and honest with their attorneys without [...]

2016-12-28T01:49:26+00:00December 8th, 2016|Assests|0 Comments

Estate Planning for Ranchers

If you own a ranch, then having an estate plan is essential to making sure that it stays in your family. Getting a plan does not have to be as complicated as you might think it is. Some of the most important legal documents a rancher can have are the documents that make up the [...]

2016-08-18T11:17:00+00:00August 18th, 2016|Assests|0 Comments

After You Get an Estate Plan: One More Step

There is one last thing that you need to do after you execute your estate plan. If you have gone to an estate planning attorney and had a plan drawn up and executed, congratulations. You have taken an important step to ensuring your family's future and to making sure the next generation inherits your assets [...]

2016-07-01T12:30:00+00:00July 1st, 2016|Assests|0 Comments

Estate Sale Tips

Holding an estate sale for a loved one's possessions can be an emotional experience. It is not unusual for people who inherit another person's estate not to want all of the stuff the deceased collected over the course of a life time. They might not even have room to store all of the stuff. A [...]

2016-06-28T11:24:00+00:00June 28th, 2016|Assests|0 Comments

Former House Speaker’s Possessions Went to Auction

Some of the possessions of former Speaker of the House Jim Wright were part of an estate sale in Texas recently. The items sold have some interest for collectors of historical artifacts. Jim Wright spent 34 years in the U.S. House of Representatives and eventually served as the Speaker of the House. He resigned in [...]

2016-04-07T11:55:00+00:00April 7th, 2016|Assests|0 Comments

Heirloom Archaeology

A non-profit group in Nashville seeks to reunite heirlooms with their families in a process they call heirloom archaeology. At an estate sale in the San Diego area an old family photo album was discovered. In it were the pictures of one family that dated back to the 1890s. The only problem is that other [...]

2016-03-10T10:42:00+00:00March 10th, 2016|Assests|0 Comments