While you're likely familiar with the saying about death and taxes, taxes are the last thing any grieving family wants to worry about. Estate tax planning helps put documents and financials in place to remove the stress of tax issues at the time of death, but for many families in Texas, neither … [Read more...] about Most Texans don’t have to worry about state inheritance tax
5 Common Mistakes Made in Estate Planning
When you're young, you feel invincible. You take risks, eat whatever you want, and have your entire future ahead of you. The world is your oyster and you are the pearl. As you head into adulthood and start taking inventory of your life, you may notice that it's not just you that has to depend on … [Read more...] about 5 Common Mistakes Made in Estate Planning
Some Texas farmers may need to worry about estate tax planning
Individuals who live in Texas don't face a state-levied estate tax, but that doesn't mean that estate transactions are without tax burdens. This is especially true for estates that are valued at high dollar amounts. This includes farms. The current exemption on estate taxes at the federal level … [Read more...] about Some Texas farmers may need to worry about estate tax planning
Could stock sales be part of estate tax planning?
Estate taxes come from various levels, and only relatively large estate holders usually have to worry about federal estate taxes. For one set of heirs, changes in stock pricing between the death of a billionaire and the date of estate valuation could mean huge savings on estate taxes. Sales of the … [Read more...] about Could stock sales be part of estate tax planning?
Texas law lets senior citizens defer property tax
Older residents of Dallas, Texas, may be looking for ways to make ends meet or stretch each dollar, and saving on taxes is one thing many residents might take advantage of. One politician in a nearby town sent mailers to 8,500 senior citizens stating that Texas law lets them avoid paying property … [Read more...] about Texas law lets senior citizens defer property tax
Giving to charities can be a form of assett protection
No matter the value of assets you own at the end of life, you may want to protect that legacy for your heirs. Some individuals in Dallas, Texas, may also want to make an ongoing impact on the community through charitable donations. Estate tax planning lets you accomplish both goals if you understand … [Read more...] about Giving to charities can be a form of assett protection