National Mom and Pop Business Owners Day on March 29 celebrates the dedication of family-owned businesses. Without a solid business planning strategy, many small businesses struggle to survive beyond the first generation. A strong succession plan protects your hard work and ensures a lasting legacy.
Learn the steps and key terms for trust creation and administration from asset selection to drafting with an attorney to the trustee's financial and administrative obligations.
The U.S. Treasury has suspended enforcement of the Corporate Transparency Act (CTA) after a federal court ruled it unconstitutional. As a result, Texas small businesses are no longer required to file beneficial ownership reports.
Part of estate planning includes helping with the ever-escalating costs of education for children and grandchildren. Learn effective strategies when gifting to grandchildren and secure their future with such as a 529 account or trust.
A Transfer on Death (TOD) deed allows property to pass directly to beneficiaries without probate. While it offers simplicity and cost savings, it may not always align with an estate plan. Consulting an estate planning attorney ensures a TOD deed fits your goals and avoids potential legal complications for your heirs.
Estate planning isn't about focusing on your demise; it's about taking control and making decisions that ensure that you and your loved ones are cared for. Estate planning is the ultimate act of love.
When a beneficiary dies before receiving their inheritance, estate distribution can become more complicated. Understanding succession rules, will provisions, and probate laws ensures that assets are transferred as intended.
