The Irrevocable Life Insurance Trust owns the client’s life insurance. What are the advantages? First of all, what is an Irrevocable Life Insurance Trust (“ILIT”)? An ILIT is a type of irrevocable trust crafted during your lifetime. ...
Another great article in Paul Premack’s San Antonio Express-News legal column asks, “Can a caretaker/child get larger share of estate?” If a child or caretaker takes care of a parent or elderly person for years, it’s only natural to hope for...
Another article in Forbes caught my attention recently. The article discusses the death of famous newsman, Mike Wallace. As you may know, Mike Wallace suffered from depression. His son, Chris Wallace, has also discussed his father’s dementia. Read the...
A recent Wall Street Journalarticle highlights the increasing occurrence of power of attorney abuse. The article, “Power Grab! Signing Over Power of Attorney to a Loved One Has Never Been Trickier. Here’s What You Need to Know,” discusses how...
Here Are Some Texas Power of Attorney Pointers… A power of attorney is an important estate planning document, and it should be treated with care. A Texas power of attorney gives someone the legal authority to handle your financial affairs. This document is...
Do you want to give your house to your kids? What are the tax consequences to deeding your house in Texas? Yes, you can give away your house in Texas. The better question is should you give away your house now or wait until you pass away? Let’s weigh some of...
