Your Home Is Already Protected. But Is Your Family? If you own a home in Texas, you already have one of the strongest asset protection tools in the country working for you—unlimited homestead protection. Unlike most states that cap homestead exemptions at $100,000 or $500,000, Texas law protects your primary residence from creditors and lawsuits … Read more
When it comes to protecting your family’s future, even small estate planning mistakes can have devastating financial consequences. After more than 30 years of practicing estate planning law in Texas, I’ve seen families lose tens of thousands of dollars—and irreplaceable peace of mind—due to easily preventable errors.Whether you’re in Waco, Round Rock, or anywhere in … Read more
In this blog post, you will discover: The most effective ways to protect your assets from lawsuits The most effective ways to protect assets from stock market crashes The best ways to limit exposure or protect assets from taxes A negligence lawsuit, such as an auto accident or a slip and fall at a business, … Read more
Adding your children to your bank accounts makes them co-owners of those accounts. If your children have creditors who have obtained a judgment against them, your funds are now subject to a bank garnishment to collect the judgment. In other words, adding your children to your bank accounts makes your accounts subject to the claims … Read more
When you put your children on the deed to your home or any other asset, you become a co-owner of the property with them. The legal effect of co-ownership can bring unintended results. The first unexpected result is creating an IRS tax liability issue for yourself. Putting your home in joint tenancy with your children … Read more