Although the vast majority of Americans have estates that fall under the gift and estate tax exemption, the exemption is set to be cut in half in 2026. Proper planning may be necessary to make sure you are taking full advantage of the current exemption and aren’t negatively affected Continue reading
One of the many factors to consider when setting up a trust is whether to make it a grantor trusts or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances.
A grantor trust is any trust in which the person setting up Continue reading
Now, more than 70% of Americans don’t have an estate plan in place. Several aspects of the planning process can really seem overwhelming, which is one of the reasons why people procrastinate. They put it off and put it off and then it’s too late to get anything done.
When it comes Continue reading
Often times clients ask me about getting a do not resuscitate order aka DNR. The first thing you must know about these orders is that the order instructs a health care professional not to attempt cardiopulmonary resuscitation, transcutaneous Continue reading
While most people are motivated to get their estate planning done because they have concerns about what will happen to their property upon their death or taking care of minor children, there is another reason why you should put an estate plan in place and that is planning for a period Continue reading
Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of compensation depends on the type of trustee and the complexity of the trust.
Depending on the trust, a trustee’s duties can include managing trust Continue reading
Acting as an agent under a power of attorney is a big responsibility and it isn’t something everyone can take on. It is possible to resign or refuse the position.
There are two main types of powers of attorney – financial and medical. As the agent under a power of attorney, you act Continue reading
Many parents or grandparents with sizable amounts of money to pass in Trusts on to their heirs are apprehensive about the effect it many have on their children or grandchildren. In some instances, they fear that the recipients will misspend the funds on drugs, fancy cars or failing Continue reading
Gifting assets to your grandchildren can do more than help your descendants get a good start in life — it can also reduce the size of your estate and the tax that will be due upon your death.
Perhaps the simplest approach to gifting is to give the grandchild an outright gift. You Continue reading
By Beverly Brown Ward, CPA
Tax Season 2021 begins Monday January 24, 2022 with the Internal Revenue Service accepting e-filed federal income tax returns beginning that day. This is a slight change from the January 27th begin date that was provided in December by the Service.
Due Continue reading
800 N. Industrial Blvd., Suite 106
Euless, TX 76039
While my address is Industrial Blvd, we are actually on Clinic Drive. Look for the tall red Super Value Pharmacy sign. Whether coming from the North or the South, you will turn off of Industrial Blvd. onto Clinic Dr. Our building is located up the hill just past the Super Value Pharmacy at the far end of the building.
| Mon-Thurs | 8:30am-5:00pm |
|---|---|
| Fri/Sat/Sun | Closed |
