Want to avoid probate? A revocable living trust, “RLT,” is a typical answer for avoidance of probate.  The RLT is a viable solution for many people for the following reasons: (1) avoidance of probate; (2) privacy – probate is public record; (3) continuity of management of assets; and (4) tax planning, which is less common...Continue Reading

At times the IRS radar can shift to focus on specific targets.  Lately, we have notice a growth in a few areas that we wanted to share with our readers:  (1) Misclassification of Employees; (2) S-Corp Reasonable Compensation; and (3) For Profit or Hobby Farming.  Noncompliance in any of these three areas could lead to...Continue Reading

What could the IRS be reminding us about today during tax season?  Oh, yes of course – Virtual Currency transactions.  It is always interesting overhearing people talk about virtual currency as if it is a mythical creature that the IRS doesn’t know about.  Not only does the IRS know about the mythical BitCoin and the...Continue Reading

The bad company we hold is only getting worse as estate planning across the generations is continuing to slip. 6 out of 10 adult Americans do not have a Will. 78% of millennials do not have a Will. 64% of parents with minor children do not have a Will. The bad company we hold is...Continue Reading

3 Ways to Avoid Probate in Texas You can avoid probate and all its burdens if you properly plan for the future.  What’s probate pain?  Time – 6 months to over a year; Money – thousands of dollars; Privacy – it’s all public record.  Here are three ways to avoid the pain of probate: A...Continue Reading

Living v. Dying  Do you have a full set of living estate planning documents?  The Last Will and Testament will cover you when you die, but what plan do you have for all of the time you are alive?  The life expectancy for 2018 is just over 79 years for an American.  If the age of majority,...Continue Reading

Your Estate Plan Is Stale and Moldy  No one likes stale and moldy – especially when it comes to planning.  Our firm has Steve Grenier, a Board Certified Estate Planning and Tax attorney, that reminds us all the time when our plans are stale and moldy.*  He is in the best position to help our clients clean up their plans.   Call...Continue Reading