If you are over 70 ½ years old and own and IRA, or if you have inherited an IRA, you are most likely aware that you are required to take your required minimum distribution (RMD) by December 31 of each year. If you inherited an IRA, you are also required to take an RMD by […]
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A recent proposal by President Obama would have an effect on how Individual Retirement Account (IRA) and other retirement plan distributions are taken after the account owner dies. The Treasury Green Book, which provides explanation of the President’s budget proposals, contains a proposal that could dramatically affect the estate planning strategies for those in Houston […]
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Dealing with the death of a loved one is difficult. During this trying time, it can be especially difficult to focus on things like administering the estate and taking care of any tax issues surrounding the decedent. However, someone will inevitably have to deal with these issues. If the decedent has a valid Texas will […]
Read MoreYou may already know the benefits of a Roth IRA in planning for your retirement. However, it is also an equally effective estate planning tool. As a Houston estate planning and probate lawyer, I don’t offer financial or investment advice to my clients, but I often do explain to clients the benefits of a Roth […]
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If you itemize your deductions on your tax return this year, you may want to take advantage of any charitable contributions you made in 2014. While cash contributions are usually deductible in the amount of the contribution (as long as you didn’t receive any benefits from your contribution other than intangible benefits), the rules for […]
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