Congress has actually passed an infrastructure Act — The Infrastructure and Investment and Jobs Act “IIJA” and is working on a second spending bill titled the Build Back Better Act (“BBBA”), passed by the House and pending in the Senate.
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Guardianship vs. Conservatorship
Britney Spears, as almost everyone knows, had been under “conservatorship” in California. What does that mean? Do not try to make me understand California “law”, but if Britney was a Texan, we wouldn’t call it conservatorship. We would call it…
Proposed Estate Tax Law Changes
House and Senate Democrats are working with the Biden administration to pass legislation to fund their infrastructure initiatives, including wide-ranging social programs, and tax legislation to pay for those programs, at least in part. The House Ways and Means Committee…
What is Guardianship?
In Texas, guardianship is the legal process where one person is granted legal control over another person’s affairs. There are broadly two types of guardianships: guardianship of the person and guardianship of the estate. A guardianship of the person is…
Tax Impact of Infrastructure Bills
Congress has passed an infrastructure spending bill and is considering a much larger package proposed by President Biden, and with new spending comes potential new tax legislation to pay for it. Has the bill that has passed and the proposals…
Dying Without A Will, What Are The Options?
If you own property, your estate will be better handled if you have a Will. However, if a loved one has died without a Will, you need to know your best options. For most estates, the best answer is opening…
What is the Difference Between a DNR and an Advanced Directive
Whatever you call it — an advanced directive, living will, a do not resuscitate order (DNR) — they are all the same thing. Right? Although a “living will” is an imprecise term for what Texas law refers to as an…
Can I Lose The Family Farm Because My Brother Has Creditor Problems?
Family farms and ranches often are intended to pass through multiple generations without being sold. If every member of the family is a model citizen, that may not be a significant problem; however, if even one member of the family…
Saving the Family Farm with Good Estate Planning
A family farm or ranch may be a treasured possession, but without effective estate planning, this treasure can turn to rust. Without any Will, or with the most common type of Will, ownership of family farms gets split among children…
Estate Planning for a Second Marriage
If you are contemplating remarrying, or are in a second marital relationship, what special concerns are there for your estate planning? The major issues are: Determining whose assets are whose; Deciding if you have a joint plan or two separate…