Life Insurance and Estate Planning

A life insurance policy can be a useful tool for estate planning. However, a large policy can adversely affect your beneficiaries by increasing the estate’s tax liability. Your College Station  estate planning lawyer can assist you in using life insurance effectively. The following provides you with … [Read more...]

Second-Class Investors and S Corporations

An S corporation is a kind of hybrid between a partnership and corporation. Small business owners typically choose one or the other of these structures for their enterprise, but at times they do so without fully understanding restrictive rules. As you are setting up your new business it is very … [Read more...]

Investing as an Estate Planning Strategy

The purpose of estate planning is to save as much as possible from federal taxes and maximize the amount of the estate assets for the benefit of heirs. There are numerous strategies that your Bryan estate planning attorney can discuss with you, one of which is to invest a portion of the estate … [Read more...]

Can a Surviving Spouse of a Reverse Mortgage Holder Lose the Home?

Reverse mortgages are for many retired seniors a way to remain in their homes while using the equity to pay bills, take vacations, etc. Individuals who enter into reverse mortgage agreements are generally led to believe that surviving spouses are able to enjoy the same benefits, but this is not … [Read more...]

Can a Reverse Mortgage Cause Problems for Heirs?

Reverse mortgages have become very popular among seniors in the real estate industry. With a reverse mortgage, a senior property owner can borrow money using the home for collateral. The feature is that the loan does not need to be repaid until the last surviving homeowner dies or the home is sold. … [Read more...]

The Trouble with Credit Counseling Agencies

Financial difficulties are extremely common. Even before the Great Recession consumers by the millions experienced often very serious problems paying off bills and making ends meet. Whether this is attributable to a growing carelessness with the proliferation of credit, or to an increase in the cost … [Read more...]

The Rules for HUD Closings Changes August 1

Significant changes in real estate lending are taking place on August 1, 2015. The purpose of these changes is to help consumers better understand mortgages and disclosures, as well as make it easier to compare loans. Your Bryan real estate attorney can help you with any questions you have, but an … [Read more...]

Is Your Client’s Digital Data Putting You at Risk?

Maintaining files with digital information about clients, including identification information, is simply a necessary part of doing business these days. Prior to maintaining cyber files, companies kept client information in filing cabinets. Unfortunately, by placing such information into the virtual … [Read more...]

Healthcare Power of Attorney

It is important to understand that disaster can occur without warning, and you can be left incapacitated. Should you, for instance, suffer a stroke and be unable to write or use a part of your brain, you will need individuals who can make both financial and medical decisions on your behalf. The … [Read more...]

Grantor Retained Income Trusts

The grantor retained income trust (or GRIT) is an irrevocable trust used for very specific purposes. This type of trust is one of a set of trusts—GRTs—that work in similar ways. Whether a GRIT or other type of trust is appropriate for your circumstances is a matter you will need to discuss with your … [Read more...]