by msmyers | Mar 7, 2016 | Estate Planning, Probate, Retirement
With every client we discuss the important of Life Insurance as well as its non-probate character, in other words, as long as a beneficiary is named other than the estate, the policy will pay out directly to that beneficiary, rather than passing according to will (and...
by msmyers | Dec 7, 2015 | Elder Care, Estate Planning, Retirement
Many married clients assume that the surviving spouse will automatically inherit the real estate of their deceased spouse. Without a Will however, the Texas Intestate Succession rules govern. For example, in the case of a married couple with children from their...
by msmyers | Dec 7, 2015 | Business Planning, Elder Care, Estate Planning, Retirement, Social Security
One in every three Americans will receive an inheritance during their lifetime, according to a study by Ohio-State researcher, Jay Zagorsky. Unfortunately, much of that windfall is lost through spending or bad investing. Mr. Zagorsky offers four steps for handling an...
by msmyers | Sep 5, 2015 | Business Planning, Estate Planning
According to a recent study, only 20% of small businesses remain in the family after death of the owner. Many small businesses are sold off after the owner’s death, with assets divided and distributed to beneficiaries named in the business owner’s Will....
by msmyers | Jan 3, 2015 | Business Planning
Before you start a new business in Texas, there are several things to consider, including meeting with a CPA and attorney. First, determine your business structure. As we discussed in our last newsletter, the most common forms of business entities in Texas are: Sole...
