Author: Jon T. Oden

Estate planning ideally involves an estate planning lawyer, a tlnancial advisor, and anincome tax accountant. Two prime concerns in all plans are providing for incapacity and death. Estate taxation is notas great a problem now with the current exemptions well over $12,000,000). Lifetime planning/or incapacity uses powers of attorney and living trusts. Planning shouldinclude the…

Can a will and a trust do the same thing? Is it a toss up? What is the difference? The State of Texas legislature long ago in the early 1880’s copied the English law of wills updating those laws a number of times since (and still keeps making changes around the edges. That means the…

Navigating Estate Planning Estate planning is a multifaceted process that often involves a diverse team of professionals. This team may consist of an estate planning lawyer, a financial advisor, and an income tax accountant. The ultimate goal of this collective effort is to address two prime concerns: providing for potential incapacity and death. Addressing Incapacity…

Estate planning ideally involves an estate planning lawyer, a financial advisor, and an income tax accountant. Two prime concerns in all plans are providing for incapacity and death. Estate taxation is not as great a problem now with the current exemptions well over $11 ,000,000). Lifetime planning/or incapacity.uses powers of attorney and living trusts. Planning…

Should Your Will Include a Trust to Benefit Family Members? A trust can be the best way (often the only way) to help under-age grandchildren with future college expenses or to keep a spendthrift child from throwing away your hard-earned money after your death. Or isolate and protect your child’s share of your estate from…

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