Texas Trust Law

Category: Retirement Accounts

assets not covered by a will

You Need To Review Beneficiary Designations

When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded, if there are errors or missing information on your beneficiary forms, as is often the case. Add to this the game-changer SECURE ACT, the largest retirement legislation that has been passed in decades—and there has never been a more important time to review your beneficiary forms.

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February 26, 2021
when mom refuses to get an Estate Plan

Pay for Your Debts at Death

If you are concerned about incurring debt after a family member’s death or are worried how your own debt will impact your family, here are some things you should know.

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December 30, 2020
when mom refuses to get an Estate Plan

How Do You Handle A Large Inheritance?

Let’s start with the numbers: 10 and 1,000,000,000,000. Over this decade, $1 trillion is expected to change hands through inheritance. The majority of that will end up in the hands of baby boomers.  While one study found that the average inheritance was only $50,000, there will be a lot of inheritances in the $1 million-plus range.

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December 9, 2020
when mom refuses to get an Estate Plan

Your Estate Plan May Need an Audit

Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.

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October 22, 2020
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Information in our blogs is very general in nature and should not be acted upon without first consulting with an attorney. Please feel free to contact Texas Trust Law to schedule a complimentary consultation.
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