Now that the election is over, what next? There is still a lot of uncertainty over the results and the effects that will follow. It appears that Joe Biden will be our next President, but the division of Congress is less clear. What can voters anticipate if President Joe Biden is elected, but the Congress […]
When planning your estate, you might be worried about estate taxes. The good news is that for many families, this is not something you need to worry about. In Texas, there is no state inheritance or estate tax. Additionally, the federal gift and estate tax exclusion is currently very high, sitting at $11.58 million for […]
Why would anyone want to refuse an inheritance? Although it is surprising to many, there are several circumstances when declining an inheritance can be beneficial. The law does permit you to refuse an inheritance if you comply with certain strict requirements. The legal term for a refusal of an inheritance is a “disclaimer,” which is […]
You’ve said your goodbyes and your furniture and household goods are on a truck. Soon you’ll be heading to Austin, Texas, ready to enjoy the warm weather and slower pace of life. You may not have given much thought to what your move might mean for income and estate taxes. But you should, particularly if […]
