As a high-earning individual or licensed professional, you've likely worked hard to build and protect your wealth. But have you considered whether your children are ready to responsibly manage the inheritance you plan to leave behind? Preparing children for inheritance goes beyond accumulating assets—it involves ensuring they’re equipped to handle the responsibilities that come [...]
When it comes to estate planning, one of the most important things you can do for yourself and your loved ones is to avoid probate. Probate is the legal process where the state steps in to distribute your assets after you pass away. While this process is necessary in some cases, many people would [...]
Estate planning for second marriage doesn't need to be complicated! Entering a second marriage can be an exciting new chapter in life, but it also brings unique financial and legal challenges—especially when it comes to estate planning. Whether you have children from a previous relationship, substantial assets, or want to protect both your new [...]
When creating a trust, it’s important to think about how to ensure it functions properly, not just today, but well into the future. One option for adding flexibility and oversight is to appoint a Trust Protector. But what exactly is a Trust Protector, and how can they benefit your estate plan? Let’s explore this [...]
When a loved one passes away, settling their estate is often a necessary yet overwhelming task. While it’s natural to want a quick resolution during such an emotional time, the process of settling an estate can take longer than expected. Here, we'll walk through the factors that affect how long it may take to [...]
Navigating the death of a parent brings profound emotional challenges, and managing their estate can add an additional layer of complexity. Estate planning plays a critical role in making this difficult time more manageable. Whether your parent left behind a clear estate plan or you are navigating the probate process, understanding the steps involved [...]
As we approach the 2024 election, many individuals are concerned about how potential changes in the political landscape could affect their estate plans. The upcoming election could have significant implications for gift and estate tax rates, which are set to revert to pre-2017 levels if no new legislation is passed. This blog post will [...]
In a recent legal development, a federal judge in Texas has ruled against the new rule by the U.S. Federal Trade Commission (FTC) that would have essentially banned noncompete agreements. This decision is particularly relevant for business owners, employers, and high-earning employees, as it directly impacts how businesses can protect their interests. What Are [...]
It's time for your estate plan tune-up! Have you ever looked at your favorite musical instrument and realized it's time for a tune-up? It's been a while since you've played it, and it just doesn't sound quite right. Your estate plan is no different. Just like your instrument, it requires periodic attention to ensure [...]
Protecting your child will always be your number one job, even as they reach adulthood. Watching your child grow into an independent adult is a bittersweet milestone. While it's exciting to see them spread their wings, it can also be challenging to adjust to the new dynamics of your relationship. One of the most [...]
