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What Happens If My Beneficiary Dies Before Me?

Posted by Darryl V. Pratt | Oct 06, 2020 | 0 Comments

When planning for death, most people assume they will die before their beneficiaries (e.g., their spouse, children, and grandchildren). While these assumptions are often well-founded, they do not always come to pass. Sometimes a beneficiary of an estate or trust dies before the person leaving the...

Tips for Divvying Up Personal Property

Posted by Darryl V. Pratt | Oct 06, 2020 | 0 Comments

We collect stuff throughout our lives. This “stuff” is known as our personal property. Some items are valuable, like jewelry, baseball cards, and works of art. Other items are sentimental, like grandma's tea set, old Christmas ornaments, and photographs. Regardless of the value, it is important t...

Estate Planning After Personal Injury Settlements

Posted by Darryl V. Pratt | Oct 06, 2020 | 0 Comments

In the hectic and sometimes dangerous world that we live in, it is an unfortunate fact of life that accidents happen and people get hurt. The U.S. legal system is designed so that those who suffer injury through the avoidable fault of others can seek compensation for those injuries. Sometimes inj...

Deeper Dive into Advance Healthcare Directives

Posted by Darryl V. Pratt | Oct 06, 2020 | 0 Comments

When it comes to your healthcare, especially during these uncertain times, you need to ensure that two estate planning documents in particular are up to date. The first is your healthcare power of attorney. This document allows you to name a person to make medical decisions on your behalf or comm...

COVID-19 and Minor Children: Things to Consider Now

Posted by Darryl V. Pratt | Oct 06, 2020 | 0 Comments

Protecting your family is important, especially when you have minor children, and even more so now that we are living through a pandemic. With all of the unknowns of our current situation, you need some certainty. Having an up-to-date estate plan can be the first step toward providing that certai...

The Benefits of Basis Planning

Posted by Darryl V. Pratt | Jul 23, 2020 | 0 Comments

The Benefits of Basis Planning Before the increase in the federal estate tax exemption amount, brought in by the enactment of the American Taxpayer Relief Act (ATRA) in 2013 and raised by the Tax Cuts and Jobs Act of 2017, estate planning attorneys focused primarily on how to avoid the i...

Estate Planning for Intellectual Property Rights

Posted by Darryl V. Pratt | Jul 23, 2020 | 0 Comments

state Planning for Intellectual Property Rights Estate planning is widely recognized as a means of transferring wealth from one generation to the next while minimizing both taxes and the risk of loss to creditors. A comprehensive estate plan not only transfers cash, investments, rea...

Texas' Taxing Times

Posted by Darryl V. Pratt | Jun 04, 2020 | 0 Comments

Texas' Taxing Times  Published Property Tax Articles    By Rachel Duck as published in the April 2020 issue of Texas Real Estate Business   ​How changes to the Texas property tax law may impact you, and how COVID-19 plays a role this season. Property taxes ...

A New Kind of Power of Attorney for Changing Times

Posted by Darryl V. Pratt | May 19, 2020 | 0 Comments

A New Kind of Power of Attorney for Changing Times   A Healthcare Power of Attorney is an important document for everyone to have. This document gives someone, termed an agent, the power to act on behalf of another, the principal. The principal executes the Healthcare Power of Attorne...

Tax Relief Under the CARES Act

Posted by Darryl V. Pratt | May 19, 2020 | 0 Comments

Tax Relief Under the CARES Act The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, 2020, is designed to provide quick and substantial relief to individuals and businesses affected by the economic shutdown in response to the spread of COVID-1...

Estate Planning Considerations for Restauranteurs

Posted by Darryl V. Pratt | Apr 07, 2020 | 0 Comments

Estate Planning Considerations for Restauranteurs   If you are a restaurant owner, like most other small business owners, you have many demands on your time. Your schedule may be even more demanding than most, and your working hours may extend far beyond the typical working day. Nevertheless,...

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