5 Ways You Can Reduce Your Estate Tax

When you’ve worked hard all your life to build an estate, the thought of it being partially consumed by taxes is a troubling prospect. Federal estate taxes are high (40% in 2018) and have to be paid in cash soon after you pass. If your estate doesn’t have the necessary cash, your cherished assets may have to be liquidated to ensure that the taxes are paid. Fortunately, there are ways that you can minimize and even Read More

Protect Your Legacy: The 5 Estate Planning Documents Everyone Needs

What does it mean to protect your legacy? In an estate planning context, it means safeguarding everything you worked so hard to achieve throughout your life — your money and property, but also your relationships and your values. A strong estate plan can save your loved ones money and stress after you’re gone, give instructions about your healthcare and burial wishes, and generally give you a great degree of Read More

It’s Never Too Early! Four Reasons Everyone Should Have an Estate Plan

Still procrastinating putting your estate plan in place? Perhaps you think you don’t need it, or maybe it’s just not a subject that crosses your mind often. Whatever your reasons — whether you’re young or old, working or retired, single or married with children, an established professional or just starting out your career — you should absolutely start thinking about the type of estate plan you need to protect your Read More

News Section Coming Soon…

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ESTATE PLANNING FOR BLENDED FAMILIES

Issue 1: Simple wills inadequate to protect children from previous marriages: Joe (age 77) and Beth (age 75) are in a long-term second marriage. Joe has two children from a previous marriage, Ashley (age 50) and Dawn (age 48). Beth also has two children from a previous marriage, Jeremy (age 45) and Jason (age 44). Joe and Beth have simple wills that give their entire estate to the surviving spouse with contingent Read More

BEWARE: YOUR ESTATE PLAN MAY INCLUDE AN UNNECESSARY BYPASS TRUST

A once-popular estate planning tool may now cost families more in taxes than it saves. Changes in the estate tax have made the "bypass trust" a less appealing option for many families. If your estate plan includes one, you should reconsider its necessity because it could be doing more harm than good. When the first spouse dies and leaves everything to the surviving spouse, the surviving spouse may have an estate Read More

THE DEMISE OF LONG TERM CARE INSURANCE?

John Hancock Financial Stops Selling New Long-Term Care Insurance Policies John Hancock Financial, which was one of the largest providers of long-term care insurance with well over 1.2 million policyholders in the United States, announced that they would no longer offer new long-term care insurance policies. It is no secret that Long-Term Care Insurance has been experiencing a decline due to high rate increases Read More

SUING DAD. THE STRESS OF GUARDIANSHIPS.

Suing dad. What happens when you can’t make decisions anymore, when you can’t sign your name, when you can’t request your medical records or do what needs to be done? You may reach a point in your life where you are unable to take care of daily necessities or make effective choices, and under those circumstances, your loved ones may have to sue you to properly take care of you. Richard has Alzheimer’s disease and Read More

INTRODUCTION

Hey there, I’m Leslie Thomas with Thomas Walters.  I’m an estate planning attorney here in Fort Worth and have practiced here in Fort Worth since 1993 and I am the author of an article on Estate Planning in Texas.  I would like to invite you to a free special presentation that our law firm is hosting where we are going to share all of the latest and greatest legal strategies really in layman’s terms.  How to do Read More

WHAT KIND OF ESTATE PLANNING ATTORNEY DO YOU REALLY WANT?

You’ve heard the saying, “Lawyers are a dime a dozen” and it is true! With so many lawyers out there, it is important to know what to look for in a good estate planning attorney. Here are five key points to consider when searching for a lawyer that’s best for you: 1. Connection: You should always feel personally connected to the lawyer you are working with. An attorney that will take the time to find out what is Read More