Inheritance

02 Jun SURVIVORSHIP ACCOUNTS DON’T ALWAYS GO TO SURVIVOR

Posted at 09:00h in Beneficiary, End of Life Care Planning, Estate Planning, Guardianship, Inheritance

Although most would assume that by placing your initials by an “x” in a signature box titled “multiple-party with right of survivorship on a signature card at a financial institution,” a Tyler court has ruled (which was upheld on appeal) that it is insufficient under...

09 Apr SUCCESS STORY OF THE MONTH – TALES FROM THE CRYPT – HOW TO PROVIDE FOR CHILDREN AND PROTECT ASSETS FROM GREEDY EX-SPOUSE

Posted at 09:00h in Asset Protection, Divorce, End of Life Care Planning, Estate Planning, Inheritance, Long Term Care, Michael Cohen Dallas Elder Lawyer, Probate Administration, Success Story of the Month, Texas Bar Today Top 10 Blog Posts

Divorcee (client) wants an estate plan so that all her assets pass upon her death to her unmarried adult child (who has no descendants), but she wants to make sure that such assets never pass to her manipulating and greedy ex-husband. Since client’s child is...

04 Apr IS PRINCE HARRY PROTECTED FROM DIVORCE – OR WILL IT COST HIM A KING’S RANSOM?

Posted at 09:00h in Beneficiary, Divorce, Estate Planning, Inheritance, Michael Cohen Dallas Elder Lawyer, Trusts

As the time draws closer to the May marriage of Prince Harry and Meghan Markle, many might speculate as to whether the couple will have a pre-nuptial agreement – especially due to the well-known divorce of Prince Harry’s parents, Prince Charles and Princess Diana (which...

07 Feb 6 Ways that the “Tax Cuts and Jobs Act” Affect Seniors and Disabled

Posted at 09:00h in 529 plan, Business, Estate Planning, Home Equity, Inheritance, Medicaid Planning, Michael Cohen Dallas Elder Lawyer, Mortgage, Social Security, Taxes, Transfer of Death, Trusts

As most know, President Trump signed the “Tax Cuts and Jobs Act” (or Reconciliation Act or 2017 Tax Act) on December 22, 2017. Most of the provisions regarding tax reform for individuals are effective for only for years 2018 to 2025 (so that it could...

04 Dec 2018 ESTATE TAX EXEMPTION TO BE $5.6 MILLION PER PERSON EVEN WITHOUT TAX REFORM

Posted at 09:00h in Estate Planning, Inheritance, Michael Cohen Dallas Elder Lawyer, Taxes

Although some states have state estate, inheritance or death taxes at a lower threshold, Texas follows the federal estate tax limits (the amount you can leave to your heirs without estate tax) which is estimated (based on inflation numbers) to be $5.6 million for a...

27 Dec SHOULD I RULE MY INHERITANCE FROM THE GRAVE?

Posted at 17:00h in Estate Planning, Inheritance, Michael Cohen Dallas Elder Lawyer

You may or may not be concerned with what your heirs or charitable organizations may do with the assets that they inherit from you, but a recent case in New Hampshire has enraged many connected with the University of New Hampshire. For over 50 years, Robert...

13 Dec IS ESTATE TAX REPEAL ON THE HORIZON WITH TRUMP’S ELECTION?

Posted at 17:00h in Business, Charitable Giving, Estate Planning, Inheritance, Michael Cohen Dallas Elder Lawyer, Taxes, Transfer of Death

Donald Trump’s election will likely result in a proposal to eliminate estate tax as part of an overall tax reform package. However, the passage of such a bill and the compromises needed to make such a change will likely evolve over time – although the...

23 Jun COURT RULES BENEFICIARY CAN SUE EXECUTOR WITHOUT LOSING INHERITANCE DESPITE NO-CONTEST CLAUSE

Posted at 09:10h in Beneficiary, Estate Planning, Inheritance, Michael Cohen Dallas Elder Lawyer, Wills

It is not unusual for estate planning attorneys to insert a “no-contest” provision in a will, thus discouraging a beneficiary from contesting by risking loss of inheritance. Normally such provisions are enforceable. However, a Texas appellate court recently ruled that when a beneficiary simply sues...

14 Jan Court Rules that Father Cannot Marry his Son

Posted at 08:00h in Beneficiary, Inheritance, Michael Cohen Dallas Elder Lawyer, Taxes

A Pennsylvania court recently ruled that a man who had adopted his same sex partner as his son in 2012, cannot annul his adoption so that he could marry his partner (adopted son). Prior to the U.S. Supreme Court decision which prohibited the ban by states...

Inheritance

02 Jun SURVIVORSHIP ACCOUNTS DON’T ALWAYS GO TO SURVIVOR

09 Apr SUCCESS STORY OF THE MONTH – TALES FROM THE CRYPT – HOW TO PROVIDE FOR CHILDREN AND PROTECT ASSETS FROM GREEDY EX-SPOUSE

04 Apr IS PRINCE HARRY PROTECTED FROM DIVORCE – OR WILL IT COST HIM A KING’S RANSOM?

04 Dec 2018 ESTATE TAX EXEMPTION TO BE $5.6 MILLION PER PERSON EVEN WITHOUT TAX REFORM

27 Dec SHOULD I RULE MY INHERITANCE FROM THE GRAVE?

13 Dec IS ESTATE TAX REPEAL ON THE HORIZON WITH TRUMP’S ELECTION?

23 Jun COURT RULES BENEFICIARY CAN SUE EXECUTOR WITHOUT LOSING INHERITANCE DESPITE NO-CONTEST CLAUSE

14 Jan Court Rules that Father Cannot Marry his Son

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Inheritance

02 Jun SURVIVORSHIP ACCOUNTS DON’T ALWAYS GO TO SURVIVOR

09 Apr SUCCESS STORY OF THE MONTH – TALES FROM THE CRYPT – HOW TO PROVIDE FOR CHILDREN AND PROTECT ASSETS FROM GREEDY EX-SPOUSE

04 Apr IS PRINCE HARRY PROTECTED FROM DIVORCE – OR WILL IT COST HIM A KING’S RANSOM?

07 Feb 6 Ways that the “Tax Cuts and Jobs Act” Affect Seniors and Disabled

04 Dec 2018 ESTATE TAX EXEMPTION TO BE $5.6 MILLION PER PERSON EVEN WITHOUT TAX REFORM

08 Mar LIFE INSURANCE BENEFITS TO YOUR ESTATE PLAN

27 Dec SHOULD I RULE MY INHERITANCE FROM THE GRAVE?

13 Dec IS ESTATE TAX REPEAL ON THE HORIZON WITH TRUMP’S ELECTION?

23 Jun COURT RULES BENEFICIARY CAN SUE EXECUTOR WITHOUT LOSING INHERITANCE DESPITE NO-CONTEST CLAUSE

14 Jan Court Rules that Father Cannot Marry his Son