If you recently received an inheritance, or are expecting to receive one in the near future, it has likely triggered mixed emotions in you. You have lost a loved one and also experienced monetary gain. Studies show that a third of Americans who received an inheritance completely spent it within two years of receipt. Below […]
Undecided whether your family needs a traditional Will or a Trust? We hope the information in this article will help increase your understanding of how each of these tools works.
Life is complicated, but planning doesn’t have to be. At Breshears Law, we guide people through a Thorough, Lifetime, and Complete planning process. We make the complex seem simple. Among other things, we make it a point to speak plain English, not legalese. This video illustrates the way we think and the way we encourage […]
A friend asked me the other day why I do what I do. It’s always good to revisit that question, so here was my response. For more than 35 years, I’ve seen far too many north Texans suffer because a family member failed to plan (or tried to do their planning themselves) only to learn, […]
Have you ever wondered what would happen to your debts if you passed away before paying them off? Will your loved ones be obligated to pay your debts or will they simply disappear? Every person’s debt landscape is different, and the best approach is to create a tailor-made estate planning strategy to make sure your […]
There is a common misconception that estate plans are only for the ultra-rich – the top 1 percent, 10%, 20%, or some other arbitrary determination of who is wealthy. In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive estate plan. In fact, for […]
Planning for an Uncertain Future (Without a Crystal Ball) Creating a will, trust, or any type of estate plan has always involved dealing with an uncertain future. Consider that just 20 years ago in 1997, the estate tax had an astonishing 55% rate with only a $600,000 exemption. Back then, tax-driven estate planning was a […]
Most people understand that having some sort of estate plan is a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and the hardships we create if we die without either. Here’s what will generally happen […]