What Is a Family Wealth Trust?
Apr 27, 2015
Understandably, families often want to keep their wealth in the family. This requires a well thought out estate plan, often one that includes a family wealth trust. Despite the name “family wealth tru...
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Can’t I Just Give Away My Assets and Qualify for Medicaid?
Apr 20, 2015
The Medicaid program has both income and asset limits that cannot be exceeded to qualify for benefits. Giving away your assets at the last minute so that you can qualify for benefits is not an option...
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How Is My Property Transferred If I Die Intestate?
Apr 13, 2015
A person who dies without leaving behind a valid Last Will and Testament is referred to as dying “intestate”. Upon death their estate is distributed through the Texas laws of intestate succession. On...
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What is a Generation Skipping Tax?
Apr 06, 2015
The goal of many estate plans is to effectuate the transfer of wealth prior to the death of the estate owner in an effort to avoid a hefty gift and estate tax liability at the time of death. The Gene...
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Incapacity Planning – 5 Important Reasons Why You Need an Incapacity Plan
Mar 31, 2015
Surveys show that less than half of all Americans have an estate plan in place. Even fewer have a comprehensive estate plan that includes an incapacity plan. If you have yet to create an incapacity p...
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Deciding How Much to Give Your Children in Your Estate Plan
Mar 23, 2015
If you are fortunate enough to have a sizeable estate to leave behind when you die, then one of your biggest decisions is how much to leave your children. There is no easy answer for such an important...
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Medicare versus Medicaid
Mar 17, 2015
Medicare is a federally funded program that provides healthcare benefits to anyone who has paid into the Social Security program, or whose spouse has paid in. Participants are entitled to benefits up...
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What Is the Capital Gains Tax?
Mar 09, 2015
Capital gains taxes apply whenever you sell a capital asset and realize a gain on that sale. If you own a home which you purchased for $100,000 ten years ago, and you sell that home today for $185,000...
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How Do I Know When My Parents Need a Guardian
Mar 02, 2015
The responsibility for aging parents can be daunting. They spent years taking care of you, but lately it seems they are having a difficult time taking care of themselves. The following guidelines can...
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Incapacity Can Strike Anybody
Feb 10, 2015
Incapacity is not limited to the elderly who suffer from age-related dementia diseases. We all try to ignore the possibility, but the truth is that incapacity could strike anyone at any time. A trag...
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