With estate tax exemption amounts at all-time highs, the vasty majority of Texans should focus their attention on maximizing the income tax benefits available to their estates. By limiting gifts of appreciated assets, and instead passing those assets at death, beneficiaries will receive an adjusted basis for income tax purposes that can significantly reduce capital gains taxes.

The current decline in stock prices amidst the COVID-19 crisis presents a unique opportunity for individuals and families to gift assets to future generations to reduce estate tax liability.

Congress has passed the CARES Act to provide much needed stimulus in light of the COVID-19 crisis. This blog post focuses on the provisions of the CARES Act that are most beneficial for businesses.

Utilizing Medical Powers of Attorney, HIPAA Authorizations, and Living Wills can ensure that you are prepared for a medical emergency, such as COVID-19 (Coronavirus).

In part two of our business succession planning blog post series, we dive into some considerations for family business owners when children will not be taking over the family business.

Part 1 of the Business Succession Planning Blog Series focuses on considerations for family businesses that plan on transitioning the business to children.

Financial advisors are often on the front lines with their clients urging them to put an estate plan in place. 

You might have already taken the step to prepare your estate plan, but how long has it been since you updated it? As your financial situation and your family grows, you may need to keep your plan current. We look into how often you should update your estate plan.

You may have heard a neighbor or friend tell you that you need a living trust to avoid the dreaded probate process after your death.