A carefully crafted estate plan is essential for protecting your assets and your loved ones, regardless of the size of your estate or your family circumstances. At Braun & Gresham, we use a wide variety of tools and strategies to accomplish your estate planning goals. We will review your circumstances and goals, help you identify issues, and implement strategies and techniques to meet your unique needs.
*Important changes in federal law regarding estate planning: Federal Estate Tax exemption for 2020 is $11,580,000 per individual up from $11,400,000 in 2019. Due to the current pandemic, the deadline for filing Federal Gift Tax returns is postponed to July 15, 2020.
The Importance of a Complete Will
Most people want simplicity in the document that distributes their estate, but over-simplifying leads to gaps that create woeful complexity and cost at probate. The goal should be a balance of clear direction regarding your wishes, and court-tested language that aids the executor, beneficiaries, and others in implementing those wishes. Read more
Estate Planning is for Everyone
Effective planning begins with effective communication. An estate plan is not just a collection of fill-in-the-blank forms. The most effective estate plan is built upon effective communication between you and your advisors, and starts with a thorough discussion of you and your family’s circumstances to determine what is important to you to accomplish. Read more
Related Landowner Articles:
Braun & Gresham attorneys are actively updated on cases that affect Texas landowners. The following articles have been highlighted as they relate to estate planning.
- Case Illustrates Law Regarding Challenge to Testamentary Capacity – By Tiffany Dowell Lashmet, Texas Agricultural Law Blog. A recent case illustrates the law related to testamentary capacity and shows the kind of testimony that is relevant in cases where a challenge to capacity occurs. Read more
- Estate Planning, Including A Medical Power Of Attorney, Is Essential During The Pandemic – By Bob Carlson, Forbes. If you don’t have a full estate plan in place and up-to-date, now is the time to have it squared away as best you can. Read more
- Eight Estate Planning Strategies In A COVID-19 World – By Christine Fletcher, Forbes. The reality of COVID-19 has forced many individuals to address the “what if” scenarios that were previously unthinkable… Read more
Braun & Gresham offers the Landowner Alert System to help our clients and colleagues stay informed on issues affecting landowners and their land. This free e-mail service comes out once every two weeks and gives subscribers exclusive access to a range of information including announcements about important changes in the law, upcoming educational seminars, insightful blogs by our legal team, and other current articles related to Texas land and law. Anyone interested in land will benefit.