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# Slaton Schauer Law Firm, PLLC

Stop Worrying about an Uncertain Future

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## Posts

- [Blog](https://austinestateplan.com/blog/)
- [The Ultimate College Dorm First Aid Kit (And the One Thing Most Parents Forget)](https://austinestateplan.com/college-dorm-first-aid-kit/) - Learn why getting a college-bound legal package for your 18-year-old is so important when it comes to protecting their future.
- [Using an LLC as an Estate Planning Tool: Asset Protection and Generational Transfers](https://austinestateplan.com/using-an-llc-as-an-estate-planning-tool-asset-protection-and-generational-transfers/) - Discover what a family LLC is, how they can help to protect you and your loved ones, and what you need to do to set one up.
- [Health and Happiness: Ensuring Quality Care as You Age](https://austinestateplan.com/health-and-happiness-ensuring-quality-care-as-you-age/) - Discover why planning ahead for your healthcare needs is so important to ensuring you receive the type of care you want as you get older.
- [Why Your Business Future Depends on Ownership, Not Just Assets](https://austinestateplan.com/business-future-ownership-not-just-assets/) - Learn why business succession planning isn’t just telling someone they’re in charge. Without clear shareholder agreements and coordinated estate planning, businesses risk disputes, delays, and even loss of control.
- [How to Discuss Estate Planning When Your Kids Aren’t Ready to Talk](https://austinestateplan.com/discuss-estate-planning-when-not-ready/) - Learn tips on how to discuss estate planning with your adult children when they don’t seem like they are ready to talk about it with you.
- [Why Operating as a Sole Proprietor Can Cause Estate Planning Problems ](https://austinestateplan.com/why-operating-as-a-sole-proprietor-can-cause-estate-planning-problems/) - Learn why working as a sole proprietor can result in unexpected estate planning problems and how you can avoid them.
- [Travel Smart: Add “Estate Plan Review” to Your Travel Planning To-Dos](https://austinestateplan.com/travel-smart-add-estate-plan-review-to-your-travel-planning-to-dos/) - When planning a trip, most people understandably focus on booking flights, reserving hotels, and making sure passports are ready. But there is another important item that often gets overlooked: reviewing your estate plan. That’s right! Whether you’re preparing for a summer vacation, a cruise, or an international trip, taking time to confirm that your estate Learn why it is so important for you to have an estate plan review done before heading off for a trip or vacation.
- [What Are Those “Death Taxes” I’ve Heard So Much About?](https://austinestateplan.com/dont-get-blindsided-by-death-taxes/) - Learn what people mean when they talk about “death taxes,” including how they work and what is meant by a step up in basis.
- [Why Intellectual Property Is Important to All Businesses (Yes, Even Yours!)](https://austinestateplan.com/why-intellectual-property-is-important/) - Discover why every single business owner needs to understand how intellectual property protection works and what you should be doing to safeguard your IP.
- [What Governing Documents Should You Have as a New Texas Business?](https://austinestateplan.com/texas-business-governing-documents/) - Learn why governing documents are so important for businesses and which ones you should focus on creating based on your business structure.
- [The Big Question I Always Ask: “What Do You Actually Want to Happen?”](https://austinestateplan.com/big-estate-planning-question/) - Learn why one of the most important questions to answer when estate planning is the simple idea: what do you want to have happen?
- [Everything You Need to Know about Special Needs Trusts in Texas](https://austinestateplan.com/tx-special-needs-trusts/) - Learn everything you need to know about how Special Needs Trusts work in Texas, including why they matter for your loved one.
- [Your Guide to Exit Planning in the Lone Star State](https://austinestateplan.com/texas-business-exit-planning/) - Discover what exit planning is, why it is so important for business owners to come up with an exit plan, and the various options available to you.
- [Charitable Giving Options in Texas: Finding the Right Fit for Your Legacy](https://austinestateplan.com/charitable-giving-in-texas/) - Learn what charitable giving options are available in Texas that allow you to create a long-term legacy of giving and ensure every dollar makes a difference.
- [The Business Owner’s Guide to Exit Planning](https://austinestateplan.com/business-owners-guide-to-exit-planning/) - Discover what goes into exit planning and how business owners can plan in advance for a way to leave their business to avoid disarray.
- [Once Dementia Has Already Started, It’s Only Going to Get Harder](https://austinestateplan.com/estate-planning-and-dementia/) - Learn what to do if your loved one has already started showing signs of dementia and they haven’t created an estate plan yet.
- [Allocation of Distributions: How Your Business Documents Control Who Gets Paid (and When)](https://austinestateplan.com/allocation-of-distributions-business-documents/) - Learn about the importance of allocation of distributions in your governing documents including what it means and why you should care.
- [The High Cost of Cheap Estate Plans](https://austinestateplan.com/high-cost-of-cheap-estate-plans/) - Discover why cheap estate plans that make you feel like you’re getting a bargain can actually end up costing you way more in the end.
- [Understanding Business Litigation (and Why to Avoid It)](https://austinestateplan.com/understanding-business-litigation/) - Learn exactly what business owners need to know about business litigation and why it’s so important to avoid.
- [Can Your Power of Attorney Create a Trust to Help You Avoid Probate?](https://austinestateplan.com/how-power-of-attorney-can-help-skip-probate/) - For many people, avoiding probate is a top goal in estate planning. Why? Because it’s awful. If your estate has to go through probate after your death, it can result in significant delays before your beneficiaries can access things like your bank accounts, real estate, or investment accounts. We’re talking anywhere from months to years.
- [So You’re Starting a Business: Know Your Structure Options](https://austinestateplan.com/starting-business-structure-options/) - Discover why the business structure you choose is so important and what structure options exist for you to choose from in Texas.
- [Set Your Standards for Long-Term Care Now](https://austinestateplan.com/set-your-standards-for-long-term-care-now/) - Learn why you should set your standards for long-term care now, as well as what it actually means to set those standards.
- [What Exactly Is Business Planning? The Guide You Didn’t Know You Needed](https://austinestateplan.com/what-is-business-planning/) - Learn the basics of business planning, including why it’s so important and what kinds of things you need to think about when starting out.
- [I Have Foreign Relatives – How Can My Estate Plan Take Them into Account?](https://austinestateplan.com/estate-planning-with-international-relatives/) - Learn how to account for any foreign relatives that you want to name as beneficiaries with international estate planning.
- [Smart Planning for Smart Spending: Using Trusts to Guide Your Children’s Financial Choices](https://austinestateplan.com/smart-planning-for-spending-using-trusts/) - Learn about the many different kinds of trust conditions you can set up in order to guide your children on making smart financial decisions.
- [If I Go into Nursing Home Care, How Can That Affect My Children?](https://austinestateplan.com/getting-nursing-home-care-without-hurting-family-inheritance/) - Paying for a nursing home or qualifying for Medicaid can have a huge negative impact on your kids’ inheritance – but it doesn’t have to.
- [Paying for a Funeral without Access to Your Loved One’s Assets](https://austinestateplan.com/paying-for-a-funeral-without-access-to-your-loved-ones-assets/) - Losing a loved one is brutal enough. You’re struggling to process and accept the loss on your own terms, and there’s no simple or straightforward path to get to that point. The burden of arranging a funeral can add even more stress – especially when you don’t have immediate access to your loved one’s assets
- [When You Don’t Plan, It’s Your Loved Ones Who Will Suffer](https://austinestateplan.com/what-i-learned-from-parents-lack-of-planning/) - Discover what one young woman learned about estate planning the hard way – by having to deal with her mother’s lack of planning after she died.
- [How to Use Estate Planning to Teach Your Adult Children Financial Responsibility](https://austinestateplan.com/use-estate-planning-to-teach-financial-responsibility/) - Learn how you can use the tools of estate planning to teach your adult children about financial responsibility and how to carry on your legacy.
- [Before You Travel the Globe: 8 Tips to Ensure Your Affairs Are in Order](https://austinestateplan.com/before-you-travel-do-these-estate-planning-tasks/) - Learn which estate planning tasks are important to complete before you head out for international travel and all of the potential risks involved.
- [Wills, Trusts, and Deeds: What Are My Basic Estate Planning Options?](https://austinestateplan.com/what-are-my-basic-estate-planning-options/) - Learn the basic estate planning options associated with wills, trusts, and deeds – including what those terms really mean and how to use them.
- [Estate Planning for Young Adults: Why It's Never Too Early to Start](https://austinestateplan.com/estate-planning-for-young-adults-why-its-never-too-early-to-start/) - Estate planning often conjures images of retirement, substantial assets, and complex legal documents—not young people and carefree lifestyles! However, the reality is quite the contrary. Estate planning matters for everyone, regardless of age, family status, or wealth. Starting the legacy planning process for young people not only prepares them for unforeseen circumstances but also establishes
- [Tips for Talking to Your Family about End-of-Life Care](https://austinestateplan.com/tips-for-talking-to-your-family-about-end-of-life-care/) - Learn some tips that you can use to make it easier to have conversations with family members and loved ones about the end-of-life care you want.
- [Enjoying Every Moment: How Estate Planning Can Enhance Your Retirement Experience](https://austinestateplan.com/reduce-retirement-stress/) - Discover how you can reduce retirement stress and make your Golden Years more enjoyable by creating a strong, comprehensive estate plan.
- [Family Dynamics in Estate Planning - How Should We Navigate Them?](https://austinestateplan.com/family-dynamics-in-estate-planning-how-should-we-navigate-them/) - For Easter, we'd like to consider what it means to navigate family dynamics in estate planning. These dynamics require careful consideration and tact from both the attorney and family members. Estate planning is not just about distributing assets, after all; we must consider and manage the complex relationships, history, and emotions within a family. Let's
- [What are GRATs?](https://austinestateplan.com/what-are-grats/) - This is another interesting and unusual trust type for you - the GRAT! Grantor Retained Annuity Trusts provide a fantastic example of the flexibility of trusts as estate and legacy planning tools. Although the Revocable Living Trust (RLT) is still the most common trust in the context of estate and legacy planning, GRATs demonstrate
- [Planning for Your Pets: Pet Trusts and Other Options](https://austinestateplan.com/planning-for-your-pets-pet-trusts-and-other-options/) - Many of you know that we're a dog-friendly business; our office dog, Sammy, comes to work every day here at the Slaton Schauer Law Firm, PLLC. Pets are not only occasional co-workers, but are often members of the family as well-- deserving of care and protection even in the absence of their owners. Planning for
- [Have you heard of a "rabbi" trust?](https://austinestateplan.com/have-you-heard-of-a-rabbi-trust/) - Did somebody say "rabbit" trust? Let’s talk about an interesting type of trust - the “rabbi” trust. Named for their originator, a rabbi and his congregation, these trusts are occasionally used by employers to provide key employees with compensation in an irrevocable package. In essence, rabbi trusts are a type of irrevocable trust.
- [Quick Guide to Probate](https://austinestateplan.com/quick-guide-to-probate/) - What is probate? Why does it matter in estate and legacy planning? Could you use a quick guide to probate in an easy-to-follow video primer? This short video explains the basic steps in a Texas probate. At its most fundamental level, probate is the process of determining who will carry out your wishes, what you
- [Our Efforts to End Alzheimer's](https://austinestateplan.com/our-efforts-to-end-alzheimers/) - The Slaton Schauer Law Firm, PLLC is proud to announce that we're joining the fight to end Alzheimer's! Andrew is participating in the Austin, Texas 2023 Walk to End Alzheimer's®. We're raising funds and awareness for Alzheimer's care, support, and research. Join our efforts to end Alzheimer's® once and for all. If you'd like to
- [What It Means to Disclaim](https://austinestateplan.com/what-it-means-to-disclaim/) - Disclaimers are an effective Estate Planning tool for the Trust and Estate Practitioner. They allow the disclaimant to alter an Estate Plan if they follow the statutory requirements exactly. Disclaimers can be tricky but when used correctly, achieve great results for a client.
- [Can Estate Planning Help to Prevent Elder Abuse?](https://austinestateplan.com/can-estate-planning-help-to-prevent-elder-abuse/) - As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more.
- [Avoid This Common Mistake That Can Erase Lifetime Legacies](https://austinestateplan.com/dont-make-this-legacy-erasing-mistake/) - Most people do not have estate plans, but many of those that do have been quite diligent. They have a will or a trust that will facilitate asset transfers after they are gone, and they have a living will and durable powers of attorney to account for possible incapacity. If you have taken these steps,
- [Charitable Planning in Times of Crisis](https://austinestateplan.com/charitable-planning-in-times-of-crisis/) - During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more.
- [Could Using Specific Bequests Cost Beneficiaries?](https://austinestateplan.com/could-using-specific-bequests-cost-beneficiaries/) - Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Read on to learn more.
- [When Might I Pay Capital Gains Taxes?](https://austinestateplan.com/when-might-i-pay-capital-gains-taxes/) - Here at the Slaton Schauer Law Firm, PLLC, people often ask us about taxation of capital gains. Commonly, you may wonder if you are responsible for capital gains that accumulated during the life of the person that left you the inheritance. If they never realized a gain, the taxes would be unpaid, so it would
- [The Importance of Being Earnestly Insured](https://austinestateplan.com/the-importance-of-being-earnestly-insured/) - Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more.
- [Estate Planning for the Youthful](https://austinestateplan.com/estate-planning-for-the-youthful/) - Most people associate Estate Planning with the elderly or very wealthy. This article explores some general situations in which Estate Planning for the young and healthy is advisable. Read on to learn more.
- [Why to Update Your Beneficiaries](https://austinestateplan.com/why-to-update-your-beneficiaries/) - As you create and update your estate plan, it's important to remember that your beneficiary designations are equally crucial to your will or trust structures. Beneficiary designations are the instructions you give to your financial institutions and insurance companies about who should receive assets which are not governed by the will or trust. Some common
- [The Kiddie Tax - No Child’s Game!](https://austinestateplan.com/the-kiddie-tax-no-childs-game/) - If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
- [How do Entities Enter Estate Planning?](https://austinestateplan.com/how-do-entities-enter-estate-planning/) - More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.
- [Guardianship: Planning for Your Children's Future](https://austinestateplan.com/guardianship-planning-for-your-childrens-future/) - As a parent, you want to do everything you can to protect your children, even after you're gone. This includes planning for their future in the event that something happens to you. One important aspect of this planning is guardianship. If you have questions or concerns about this, contact Regina or me here at the
- [Evolution of our Unified Estate and Gift Tax System](https://austinestateplan.com/the-evolution-of-our-unified-estate-and-gift-tax-system/) - Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning. Is that true? Well, in true lawyer fashion, the answer is "it depends" We found this helpful article over at the AAEPA that may provide some guidance: read on to learn more.
- [Application of the Updated Life Expectancy Tables](https://austinestateplan.com/application-of-the-updated-life-expectancy-tables/) - Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers
- [A Beginner's Guide to Advance Healthcare Planning](https://austinestateplan.com/a-beginners-guide-to-advance-healthcare-planning/) - Advance health care planning is an important part of preparing for the future, yet many people put it off or don't know where to begin. If you're new to advance care planning, this guide will provide you with a basic understanding of what it entails. Of course, you can always contact us here at the
- [What is Cryptocurrency?](https://austinestateplan.com/what-is-cryptocurrency/) - Cryptocurrency has become increasingly popular as a form of investment in recent years. More and more established financial institutions recognize cryptocurrency and allow its use. As cryptocurrency becomes mainstream, it’s important to consider estate planning implications for holding this digital asset. Read on to learn more.
- [Drafting and Emergencies - Plan Proactively!](https://austinestateplan.com/drafting-and-emergencies-plan-proactively/) - Individuals who undertake Estate Planning want to ensure that their plan works the way it’s intended. When clients neglect to consider Estate Planning on a regular basis, they set themselves up for failure. Waiting until an emergency arises almost guarantees that the plan will fail when needed the most. Estate Planning completed under duress can lead to unfavorable results. Read on to learn more.
- [What is a "Durable Power of Attorney?"](https://austinestateplan.com/what-is-a-durable-power-of-attorney/) - A durable power of attorney is a legal document that allows you to give someone else the authority to make decisions on your behalf. This can be an important part of your estate planning, as it ensures that someone you trust is able to make financial or legal decisions for you if you become unable
- [Who is Marion Levine? How do they affect your life insurance?](https://austinestateplan.com/what-estate-of-marion-levine-means-for-life-insurance/) - Life insurance has long been part of Estate Plans, whether used to ensure liquidity for the estate on the death of the insured, or simply as income replacement on the death of the insured. Understanding the impact of life insurance on an estate plan has become critically important. A recent tax court case resulted in a big win for the taxpayer in a complex set of facts which could impact how you incorporate life insurance for your Estate Planning clients
- [Is Your Estate Plan Lacking?](https://austinestateplan.com/is-your-estate-plan-lacking/) - What is "estate planning," as a concept? It has been our experience here at the Slaton Schauer Law Firm, PLLC that too many people think that estate planning should consist of nothing more than a basic will. So what is the reality? The truth is that there are many factors to consider when evaluating a
- [Interest Rates and Estate Planning – Part II](https://austinestateplan.com/interest-rates-and-estate-planning-part-ii/) - As interest rates continue to climb, Estate Planning practitioners look to different planning techniques to take advantage of rising rates. Two common estate planning techniques work well in higher-interest rate environments.
- [Interest Rates and Estate Planning – Part I](https://austinestateplan.com/interest-rates-and-estate-planning-part-i/) - Interest rates were at historic lows for many years. Those rates have begun to rise in recent months and may continue to do so. Practitioners need to monitor interest rates in order to advise clients regarding the most effective Estate Planning strategies in any environment.
- [Life Insurance and Estate Planning - Now What?](https://austinestateplan.com/life-insurance-and-estate-planning-now-what/) - Life insurance is an important component of estate planning. After all, we know it can be a useful tool for providing financial protection for loved ones in the event of the policyholder's death. Unfortunately, both Regina and I-- the attorneys here at the Slaton Schauer Law Firm, PLLC-- have spoken with many people who purchased
- [Love and Your Estate](https://austinestateplan.com/love-and-your-estate/) - Instead of thinking about chocolates or flowers this Valentine’s Day, let’s focus on a practical way to demonstrate our love by creating an Estate Plan. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your particular situation, along with your goals and any long-term concerns that you may have. If you already have an Estate Plan, demonstrate your love by ensuring that the plan accomplishes your objectives. If the plan needs updating, make an appointment with a qualified Trusts and Estates practitioner to review the documents and make recommendations for you.
- [Lessons from Lisa Marie](https://austinestateplan.com/lessons-from-lisa-marie/) - Regular readers of this blog often see articles regarding the latest celebrity whose death created a mess because their Estate Plan failed to properly protect the celebrity’s family and loved ones. It seems that an individual with fame and money could easily avoid that result; however, that’s not always the case. The fallout caused by inadequate Estate Plans of celebrities provides great lessons for Estate Planning practitioners and their clients because the drama unfolds on a public stage. Tragically, Lisa Marie Presley died on January 12, 2023 and her death marks yet another celebrity Estate Plan gone wrong.
- [Planning for Incapacity and Long-Term Care - A Short Guide](https://austinestateplan.com/planning-for-incapacity-and-long-term-care-a-short-guide/) - At the Slaton Schauer Law Firm, PLLC, we believe in solid planning for considerations of incapacity and potential long-term care needs. These issues become increasingly important as people age. How we can plan for these issues? Let's start with definitions. What do we actually mean by "incapacity?" In the estate planning context, someone's "capacity" refers
- [Estate Tax Planning - 4 Tools to Minimize Your Liability](https://austinestateplan.com/estate-tax-planning-4-tools-to-minimize-your-liability/) - You've probably heard of "estate tax," but how much do you know about it? What is the estate tax? How can it affect you? In this article, we'll give you a quick overview of estate tax. Estate taxes are, broadly speaking, taxes imposed on the transfer of assets from a deceased person to their beneficiaries.
- [Jimmy Carter - What is hospice care? What are its goals?](https://austinestateplan.com/jimmy-carter-what-is-hospice-care-what-are-its-goals/) - We here at the Slaton Schauer Law Firm, PLLC were deeply saddened by the news that Jimmy Carter is in poor health. You may have heard that President Carter has gone home to live out his remaining months. For those who are unfamiliar with hospice care, it is a term for healthcare oriented more
- [What is Probate? How do I Avoid it?](https://austinestateplan.com/what-is-probate-how-do-i-avoid-it/) - Probate is the legal process by which a court validates a deceased person's will and oversees the distribution of their assets to their beneficiaries. At the Slaton Schauer Law Firm, PLLC, we know that this process can be time-consuming and costly in financial terms. Even worse, it puts a deceased person's family through emotional distress.
- [The Not-So Transparent Corporate Transparency Act](https://austinestateplan.com/the-not-so-transparent-corporate-transparency-act/) - Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting Company. The provisions of the Corporate Transparency Act are designed to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity.
- [That Giving Feeling](https://austinestateplan.com/that-giving-feeling/) - Most taxpayers understand that to receive the benefit of charitable deductions, they need to itemize their income tax deductions. Creating a charitable giving strategy can be a great way for taxpayers to save on taxes while benefiting their community. Certain techniques can be used in conjunction with others to maximize the benefit of charitable giving.
- [Do I Trust You? Part III](https://austinestateplan.com/do-i-trust-you-part-iii/) - If a client’s Estate Plan involves a revocable trust, then the client needs to decide who will serve as trustee after the client dies. Sometimes, clients have several undesirable options if they want to name an individual and they consider naming an institution to serve as trustee. This article provides a framework for clients considering naming an institutional trustee.
- [Do I Trust You? Part II](https://austinestateplan.com/do-i-trust-you-part-ii/) - When clients undertake Estate Planning, they face the difficult decision of naming one or more individuals to serve in various fiduciary positions. If a client sets up an irrevocable trust during life, the client may prefer to serve as trustee instead of naming a third party. Serving as trustee gives comfort to the trustor that they maintain a level of control over the assets transferred to the irrevocable trust; however, depending upon the provisions of the trust, naming a trustor as trustee of an irrevocable trust could defeat the intended tax consequences. This article explores what powers a trustor should avoid serving as a trustee of an irrevocable trust.
- [Choosing Your Executor](https://austinestateplan.com/choosing-your-executor/) - Let's say that you've decided to set up a will (in lieu of a living trust) and you need to choose an executor. Who will you pick? What are their duties? How will you choose the right person? Someone has to ensure that your final bills are paid and that your beneficiaries get their due.
- [What if I Don't Trust My Trustee? – Part I](https://austinestateplan.com/what-if-i-dont-trust-my-trustee-part-i/) - Trusts have become ubiquitous parts of estate plans. Many Estate Plans use revocable trusts as the foundation for the plan while others include irrevocable trusts. Regardless of the planning reason, every trust needs a trustee. The grantor may name the beneficiary as trustee, or the grantor may name another individual or entity as trustee, creating a natural tension between the beneficiary and trustee. If the tension becomes too great, the beneficiary may seek to have the trustee removed. As expected, the avenues for removal depend upon the trust instrument itself, as well as any statutory remedies available.
- [Do I Trust You? Part I](https://austinestateplan.com/do-i-trust-you-part-i/) - When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s death. Because of the application years in advance, the choice of who will serve as trustee often vexes clients. They need to make this decision years in advance of the time that the individual will serve and as we know, circumstances change. This article examines the various considerations that should be made when naming a trustee.
- [How Do I Title Thee…Part II](https://austinestateplan.com/how-do-i-title-theepart-ii/) - We often recommend a trust as part of a comprehensive Estate Plan. This article is the second in a two-part series that examines the effect that title has on an Estate Plan. The first step is understanding what forms of ownership your state recognizes and the potential benefits and detriments of each. The second is determining which form of ownership best accomplishes the goals of the client.
- [How Do I Title Thee…Part 1](https://austinestateplan.com/how-do-i-title-theepart-1/) - We often consider Estate Planning documents such as a Will, Trust, Property Power of Attorney, and health care documents to be the building blocks of an Estate Plan. While a necessary and important part of Estate Planning, thinking of the documents as the starting point for an Estate Plan skips several important steps. This article is the first in a two-part series. The first part examines the various ways to hold title to assets and the second part examines the effect that title may have on an Estate Plan.
- [Common Mistakes in Estate Planning – Part V](https://austinestateplan.com/common-mistakes-in-estate-planning-part-v/) - Some individuals create a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, Health Insurance Portability and Accountability Act Authorization Act and think that those documents alone constitute a complete Estate Plan that will protect their family. While the documents themselves represent a solid beginning, the documents don’t cover every asset or concern. A qualified Estate Planning attorney will consider all and provide advice regarding all the elements necessary for a complete Estate Plan.
- [Common Mistakes in Estate Planning - IV](https://austinestateplan.com/common-mistakes-in-estate-planning-iv/) - With the proliferation of the internet has come a plethora of websites claiming that individuals may take a “Do It Yourself” approach to Estate Planning. While individuals may think that a plan created by one of these companies will meet their needs and save them money, the opposite is true. These plans often fail to contain necessary provisions and usually cost the family more in attorneys’ fees. In addition, a Trusts and Estate practitioner can alert a family to techniques designed to lower the tax burden upon the death of an individual. It’s easy to make costly mistakes if you don’t have an attorney both at the drafting stage and the administration stage of Estate Planning.
- [Review Your Estate Plan Today for a Better Tomorrow](https://austinestateplan.com/review-your-estate-plan-today-for-a-better-tomorrow/) - Is creating an estate plan a single action or a continuous process? Once you've created an estate plan, you must take the time to review it as often as necessary! In addition to annual reviews, review your estate plan when major life events occur. Examples of these events can include divorce, marriage, or bringing a
- [Common Mistakes in Estate Planning – Part III](https://austinestateplan.com/common-mistakes-in-estate-planning-part-iii/) - Those who take the time to create an Estate Plan usually desire to keep it private and to ensure that no beneficiary can alter the plan after their death. Sometimes, the desire to maintain privacy backfires and produces unanticipated consequences, such as litigation.
- [Common Mistakes in Estate Planning – Part II](https://austinestateplan.com/common-mistakes-in-estate-planning-part-ii/) - When people think about an Estate Plan, they often have tunnel vision and focus on just a few of the many considerations that influence the plan. Most individuals focus on their assets and figuring out to whom they want those assets to pass. While those things matter, thinking about the intended beneficiary and their individual circumstances also matters. Certain types of beneficiaries require additional planning.
- [Common Mistakes in Estate Planning – Part I](https://austinestateplan.com/common-mistakes-in-estate-planning-part-i/) - Despite knowing that they should have an estate plan, many individuals look for shortcuts to creating an Estate Plan. They rely upon advice from seemingly well-intentioned individuals that if avoiding probate is their main goal and they don’t have a taxable estate, they need not seek out an attorney to create an Estate Plan. While options exist to avoid probate, probate avoidance is just one of many considerations in creating an Estate Plan.
- [Just When You Thought You Understood the 10-Year Rule, Think Again](https://austinestateplan.com/just-when-you-thought-you-understood-the-10-year-rule-think-again/) - IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly by eliminating the stretch benefit for most designated beneficiaries and forcing all designated beneficiaries other than Eligible Designated Beneficiaries to use the 10-year rule for distributions. The 10-year rule was thought to operate much like the 5-year rule that existed before the passage of the SECURE Act. Recently issued proposed Treasury Regulations dispute that and instead require annual distributions for any beneficiary subject to the 10-year rule.
- [Creating a Durable Power of Attorney](https://austinestateplan.com/creating-a-durable-power-of-attorney/) - Why might you create and grant a power of attorney? Let's consider some common scenarios: military personnel may grant power of attorney in anticipation of an overseas tour of duty. Likewise, those taking extended vacations will need someone to look after their interests in their absence. Health reasons, either in anticipation of extended physical rehabilitation
- [Talking Trusts… and Taxation](https://austinestateplan.com/lets-talk-about-trustsand-taxation/) - Estate planning attorneys need to understand and explain taxation of trusts in order to properly advise clients. Individual clients need to understand the implications of the plan their attorney suggests in order to properly file their own taxes. Determining whether a trust qualifies as a grantor trust or a nongrantor trust is the first step in determining tax liability for a particular year.
- [Transfer for Value and the Sale of Life Insurance](https://austinestateplan.com/application-of-the-transfer-for-value-rule-to-the-sale-of-life-insurance/) - Even individuals with modest estates purchase life insurance which means that Estate Planning attorneys must understand the rules regarding taxation of life insurance. Retention of certain powers or certain transactions could cause negative income, gift, or estate tax consequences.
- [Easy Business Succession Planning](https://austinestateplan.com/business-succession-planning-may-be-easier-than-you-think/) - Many Estate Planning attorneys shy away from business succession planning, but if you approach it like you do any other asset, it’s not so scary! First, it’s important to understand that entities involve not just the business relationship, but family relationships as well. Often, businesses start with one or maybe two members of a senior generation who have the funds, desire, and connections to create the business. It’s not always clear, though, what will happen when that senior generation retires, or worse yet, dies unexpectedly.
- [International Estate Planning](https://austinestateplan.com/international-estate-planning/) - As the world shrinks due to increased mobility and interconnectedness, estate planning has become more complex. Now estate planning requires understanding issues that arise when a client owns assets in another country or resides in the U.S. but lacks citizen status. Things change for clients who neither reside in the U.S., nor have U.S. citizenship, but who own U.S. property.
- [What's Stopping You From Creating an Estate Plan?](https://austinestateplan.com/whats-stopping-you-from-creating-an-estate-plan/) - Many things can stop you from creating an estate plan. What's holding you up right now? Are you taking a risk with your future? Once you know what’s standing in your way, you can take the steps necessary to overcome procrastination. Here are three of the most common reasons for holding off on estate planning.
- [Tax Planning for 2023](https://austinestateplan.com/tax-planning-for-2023/) - Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2023 is just starting, it’s not too early to think about planning for whatever it may bring your way.
- [The Importance of Having an Estate Plan](https://austinestateplan.com/the-importance-of-having-an-estate-plan/) - We all know that we should create an Estate Plan, yet so many of us procrastinate in undertaking such an important task. Creating an Estate Plan represents a simple, yet effective way to provide comfort and stability to your family upon your death by ensuring that your assets pass in the way that you want to whom you want. Unfortunately, so many encounter a tragedy or crisis before prioritizing their Estate Plan, sometimes it is too late. As headlines often remind us, even those with significant wealth are not immune to the perils of death without an Estate Plan.
- [The History of Christmas](https://austinestateplan.com/the-history-of-christmas/) - Yuletide greetings to all of you! Merry Christmas and Happy Holidays! Although most of us are at least familiar with Christmas, how much do you really know about it? For example, did you know that some Orthodox churches celebrate Christmas in January? Read on to learn more! According to History.com, midwinter celebrations were common in
- [How Estate Planning for a Family May Trap the Unwary Practitioner](https://austinestateplan.com/how-estate-planning-for-a-family-may-trap-the-unwary-practitioner/) - Attorneys have long advised entire families with respect to their estate planning. Ethics require attorneys to maintain a duty of loyalty to each client they represent and fully advise their clients regarding the structures they are recommending. Sometimes even when the transaction works exactly as intended, lawyers get sued.
- [Scams Against the Elderly - Part II](https://austinestateplan.com/scams-against-the-elderly-part-ii/) - Introduction Welcome back! This is the second half of our two-part series on common scams which target elderly people. Yesterday we talked about advance fee scams, phishing, and long cons. Today we'll be discussing tech support scams, bogus debts, and identity theft. Our primary source will, once again, be the Texas Office of the Attorney
- [Scams Against the Elderly - Part I](https://austinestateplan.com/scams-against-the-elderly-part-i/) - We all know that there are a number of schemes and scams which target elderly people. How can we protect ourselves or our loved ones from the plans of scumbags and conmen? Awareness can make us less likely to be targets. After all, conmen are generally going after the easiest "marks"-- the fruit which hangs
- [What Happens if You Die Without a Will or Trust?](https://austinestateplan.com/what-happens-if-you-die-without-a-will-or-trust/) - We assume that we don't need to create an estate plan today. You can put it off until tomorrow, right? Drafting that will or creating that trust sounds daunting. When "tomorrow" comes, you can put it off again. Eventually everything falls into a holding pattern. It's the easiest thing in the world not to do
- [Choosing the right attorney](https://austinestateplan.com/choosing-the-right-attorney/) - Estate planning is a meticulous process. Much like choosing a doctor, therapist, or surgeon, we have to be comfortable discussing difficult details with an attorney in order for them to be effective. You need the right guidance at the right time, all with the goal of providing you and your family peace of mind and
- [Planning for Pets](https://austinestateplan.com/planning-for-pets/) - For many of us, pets are members of the family. Here at the Slaton Schauer Law Firm, we even have an office dog named Sammy. This means that we understand the need to plan for a pet's future as part of our own estate. So what are our estate planning options when it comes to
- [Does Your Estate Plan Address Incapacity?](https://austinestateplan.com/does-your-estate-plan-address-incapacity/) - At its core, estate planning is the process of ensuring that your loved ones receive your stuff after you pass away. At the same time, we must also address the realities of aging. How do we do that as part of an effective estate plan? How does an estate plan and incapacity go hand-in-hand? Aging
- [What About Remarriage?](https://austinestateplan.com/what-about-remarriage/) - Divorces (and subsequent remarriages) are more common today than ever before. This means we have to ask ourselves how could a divorce or remarriage affect my estate plan? Many people don't know the answer to this fundamental question. Failing to make changes today could put your new spouse and children at risk in the future
- [Estate Planning – Don't DIY It!](https://austinestateplan.com/estate-planning-something-you-shouldnt-do-yourself/) - It’s tempting to think that by taking the time to hand-write your Will or preparing a do-it-yourself plan, you can avoid many of the issues that arise with a Will. In fact, the opposite may be true. By handwriting your Will or preparing a do-it-yourself plan, you may be creating more issues for your family.
- [Alzheimer’s Looms Large for Seniors](https://austinestateplan.com/alzheimers-looms-large-for-seniors/) - As estate planning attorneys, the specter of Alzheimer's Disease looms in our minds. How can we plan for the steady progression of this disease? What if a client becomes incapacitated? Will we lose a person who is both a client and a friend? Most people have at least heard of Alzheimer's, but how much do
- [Our Gratitude](https://austinestateplan.com/our-gratitude/) - Running a small business isn't always easy, is it? As a local business and family operation, the Slaton Schauer Law Firm, PLLC understands the struggles that small businesses face. Unexpected expenses, strategic planning, and succession issues if something should happen to us are issues we have to consider. Even with all these factors in mind,
- [Asset Protection and Trusts – Part II](https://austinestateplan.com/asset-protection-and-trusts-part-ii/) - As part of the Estate Planning process, an attorney explores numerous topics with the client to help create a unique plan tailored to the client’s circumstances. Many estate plans use a trust as the centerpiece of the plan. Some clients want to explore asset protection and let the attorney know they want to consider offshore planning. Sometimes, offshore planning works, but often it causes additional issues.
- [Newman's Own: Dressings, Drama, and the Sauce](https://austinestateplan.com/newmans-own-dressings-drama-and-the-sauce/) - When a famous individual dies, it’s always interesting to see how they set up their estate, if they bothered to undertake estate planning at all. These cases provide great lessons for Estate Planning practitioners both about what to do, as well as about what to avoid. In some cases, even when celebrities take the time to set up a proper estate plan, things go wrong. Paul Newman’s estate represents one such situation. Read on to learn more.
- [Does Your Estate Plan Have These Core Documents?](https://austinestateplan.com/does-your-estate-plan-have-these-core-documents/) - Everyone knows that estate planning is important, but how do we get started with it? Let's get started by breaking it down into pieces. What are the four components of a basic, solid estate plan? Will or Trust This is the centerpiece! It answers this question - "how will my loved ones actually receive my
- [Veterans Day - A History](https://austinestateplan.com/veterans-day-a-history/) - The history of Veterans Day here in the United States is closely related to our involvement in World War I. Our Armistice with Germany went into effect on the 11th hour of the 11th day of the 11th month - "the guns fell silent," to use the popular quote. The brutal conflict that had raged
- [Powers of Appointment - Who Holds the Power?](https://austinestateplan.com/powers-of-appointment-who-holds-the-power/) - Estate Planning attorneys balance competing interests when creating estate plans. Uncertainty about the future concerning taxes and each beneficiary’s situation requires flexibility in an Estate Plan. Powers of appointment offer Estate Planning attorneys a way to add flexibility to a plan without complication. When creating powers of appointment, it’s important to consider not only the reason for including the power but also the way it needs to be exercised
- [Choosing Your Fiduciary](https://austinestateplan.com/choosing-your-fiduciary/) - Estate Planning attorneys balance competing interests when helping clients decide who they should name as personal representative and trustee. Some of the factors that a client needs to consider are the nominee’s responsibility, financial savvy, and temperament. These factors influence the fiduciary’s ability to pay debts, expenses, claims, negotiate on behalf of the estate, and to conclude the administration of the estate or trust. While many individuals consider acting in this capacity a great honor, the role comes with serious implications, including personal liability for failure to pay taxes
- [Election Day!](https://austinestateplan.com/election-day/) - Although most issues related to elections are tangential to estate planning, it's worth keeping local elections in mind. Local politicians are the most relevant to our daily lives, and are both the easiest to contact and most motivated to resolve day-to-day issues. They are also significant when it comes to concerns such as property taxes,
- [AAEPA Summit (Fall 2022) - Coronado Island](https://austinestateplan.com/aaepa-summit-fall-2022-coronado-island/) - This year's AAEPA Fall Summit-- one of two summits each year hosted by the American Academy of Estate Planning Attorneys-- will be located in lovely Coronado Island, California. Although the Slaton Schauer Law Firm, PLLC can't make it in person this time, we'd like to congratulate our friends on their trip and wish them safe
- [Asset Protection and Trusts – Part I](https://austinestateplan.com/asset-protection-and-trusts-part-i/) - As part of the Estate Planning process, an attorney explores numerous topics with the client to help create a unique plan tailored to the client’s circumstances. Many estate plans use a trust as the centerpiece of the plan. Inevitably, clients want to understand the degree, if any, of asset protection that will result from the creation of a trust. There are numerous ways to achieve asset protection planning for a client.
- [Day of the Dead - Día de los Muertos. What is it? How is it celebrated, and what does it mean?](https://austinestateplan.com/day-of-the-dead-dia-de-los-muertos-what-is-it-how-is-it-celebrated-and-what-does-it-mean/) - The Day of the Dead (Día de los Muertos) is a holiday that many of us here in Texas are familiar with. But what are its origins, what does it mean, and how is it celebrated? According to History.com, Día de los Muertos has its roots in a "blend of Mesoamerican ritual, European religion and
- [Jubilee! Discharge of Debts and Student Loan Forgiveness](https://austinestateplan.com/jubilee-discharge-of-debts-and-student-loan-forgiveness/) - While many taxpayers may be excited about the prospect of reduced loan balances as part of Biden’s Loan Forgiveness Program, they may have questions about the potential tax consequences of that forgiveness. Under normal circumstances, creditors that discharge debt issue a corresponding Form 1099-C Cancellation of Debt to the debtor for inclusion in that year’s income. While the administration works out the kinks in the loan forgiveness plan, it’s important to understand the current provisions of the Internal Revenue Code and the general principles that govern these situations.
- [Origins of Halloween](https://austinestateplan.com/origins-of-halloween/) - Happy Halloween, friends! Here at SSLF we've carved the pumpkins and put out the candy. We all know that Jack-o-lanterns, costumes, and parties are part of our Halloween traditions-- but what are the historical roots of this holiday? According to the Vatican News (one of the Vatican's official media organizations), modern Halloween is rooted in
- [Planning for the “Silver Tsunami”](https://austinestateplan.com/planning-for-the-silver-tsunami/) - As the population over the age of 65 continues to grow, unique problems arise. For example, many seniors may have never married, or outlived their spouse and lack confidence that someone will help them make financial and health decisions as it becomes more difficult or when they become incapacitated. A qualified Estate Planning practitioner can provide guidance to address the issues unique to the solo senior.
- [Lessons from Patagonia](https://austinestateplan.com/lessons-from-patagonia/) - Estate planning often encompasses, at least in part, business succession planning. Many individuals own family businesses with the idea of passing the business on to the next generation. Of course, the bigger the business, the more complex that endeavor becomes. Yvon Chouinard recently made headlines when he donated 98% of his $3 billion company to an Internal Revenue Code Section 501(c)(4) organization. The move saved him millions in taxes, furthered his family’s political agenda, and embodies a creative solution to a common planning and business succession planning issue.
- [Understanding Undue Influence – Part I](https://austinestateplan.com/understanding-undue-influence-part-i/) - Whenever a client’s Estate Plan deviates from the expected disposition, it raises questions. Most of the time, clients have consulted with a competent attorney regarding their reasons for structuring the plan the way that they have. Sometimes, other factors are at play and the plan doesn’t represent the testator’s true wishes, but rather, another individual’s testamentary desire. That’s undue influence and there are ways to guard against it.
- [How Should a Person With a Disability Fund a Special Needs Trust?](https://austinestateplan.com/how-should-a-person-with-a-disability-fund-a-special-needs-trust/) - The Special Needs Trust is a planning device that is used to provide financially for a person with a disability. How does this work? Are special needs trusts right for everyone? Read on to learn more: Government Benefit Eligibility Most of us can intuit that people with disabilities need health insurance. However, consider this-- the
- [Financial Portability... And You!](https://austinestateplan.com/financial-portability-and-you/) - The Internal Revenue Code grants spouses several tax benefits both during life and at death. Portability represents one of those benefits. Portability allows the surviving spouse to use the unused portion of the Applicable Exclusion Amount from their predeceased spouse. In Revenue Procedure 2022-32, the Internal Revenue Service extended the time during which a surviving spouse may elect portability without a Private Letter Ruling from two years to five years.
- [What does the "Inflation Reduction Act" do... for you?](https://austinestateplan.com/what-does-the-inflation-reduction-act-do-for-you/) - President Biden scored a win on some issues, but a loss on others when he signed the Inflation Reduction Act into law. The legislation left the estate and gift tax alone and made modest changes to the income tax. The Act will have a significant impact on those on Medicare because of the cap on out-of-pocket prescription drug costs and insulin.
- [Digital Death Planning](https://austinestateplan.com/digital-death/) - How does our digital legacy, or digital footprint, play into estate planning? How can we allocate digital assets after death? Legacy contacts and password managers (sometimes called "password lockers") give people who own digital content control in determining what happens to the electronic information after they die. Feel free to follow this link to learn
- [What the Proposed Treasury Regulations Mean for Deductions Under Internal Revenue Code Section 2053](https://austinestateplan.com/treasury-regulations-deductions-irc-2053/) - To determine a decedent’s taxable estate, the Internal Revenue Code IRC) allows the decedent’s estate to utilize several deductions in various Code Sections, including Section 2053. The Treasury Regulations associated with Section 2053 were previously favorable to the taxpayer and contained broad language regarding the deductibility of claims and expenses. Recently, the Internal Revenue Service
- [What Is Probate? Why Do People Avoid It?](https://austinestateplan.com/what-is-probate-why-do-people-avoid-it/) - One of the first questions we usually get here at the Slaton Schauer Law Firm, PLLC is "what is probate?" Once we get further into the estate planning process, another common question is "why should we avoid probate?" We'll take a look at both of these questions here. Let's start with a basic definition of
- [5 Uncommon Trusts Demystified](https://austinestateplan.com/5-uncommon-trusts-demystified/) - You've probably heard of a trust before, but what about a semi-secret trust? Have you heard of a Totten trust? How about a rabbi trust? This article is an examination of five trust types you probably aren't familiar with. Join us for an explanation of secret and semi-secret trusts, then keep on reading as we
- [Three Essential Tips to Help Plan Your Estate](https://austinestateplan.com/three-tips-to-help-you-plan-your-estate/) - It's summer, but you may be "frozen" by the sheer number of options when it comes to estate planning! Most people simply do not know where to start. Don't be overwhelmed; in this post we'll give you three solid tips on how to start your estate plan. 1) Don’t be overly concerned about taxation. Sometimes
- [Do You Have the Essentials? 5 Estate Planning Documents](https://austinestateplan.com/do-you-have-the-essentials-5-estate-planning-documents/) - It is generally best to break complex responsibilities down to their simplest components. For example, how do you restore a car? As the song says, "one piece at a time." This principle applies equally to estate planning, so let's look at the five fundamental planning documents that can form the basis of our estate plans.
- [Will Medicaid Want Your Home?](https://austinestateplan.com/medicaid-reimursement-planning/) - Today let's explore the interplay between Medicaid and home ownership. Medicaid may not seem relevant; after all, you'll probably qualify for Medicare when you reach the age of 65. Although we understand this impulse, let's consider how you might use Medicaid as part of an estate plan. We'll also take a look at Medicaid reimbursement,
- [Domestic Trusts - Are You "Qualified?"](https://austinestateplan.com/domestic-trusts-are-you-qualified/) - One great reason to work with an estate planning attorney is our ability to tailor an estate plan to your needs. Estate planning lawyers will work with you and your family in order to create the best system to meet your goals. With this in mind, let's take a look at one device an estate
- [IRAs and Inheritances](https://austinestateplan.com/iras-and-inheritances/) - How did the SECURE Act change regulations around IRAs (Individual Retirement Accounts)? In this article we will give you a broad look at IRAs, as well as an explanation of some of the changes made by the SECURE Act. Read on for more! Traditional Individual Retirement Accounts The defining feature of a traditional IRA is
- [You Should Use a Living Trust If… (5 reasons)](https://austinestateplan.com/you-should-use-a-living-trust-if-5-reasons/) - When should you use a trust instead of a will? Let's examine the objectives we can address if you utilize the right trust as the centerpiece of your estate plan! 1) You Value Your Privacy We're all safety-conscious when it comes to financial information. There are many reasons we don't want the entire world to
- [Don’t Let the State Plan Your Estate!](https://austinestateplan.com/dont-let-the-state-plan-your-estate/) - Some people think that the government will take care of everything if they die without an estate plan. Many of these individuals intend to make some type of strategy at some nebulous point in the future, but they keep pushing it off because there isn't a feeling of immediacy. After all, it doesn't have to
- [What to do When Will Contests Terrorize You](https://austinestateplan.com/what-to-do-when-will-contests-terrorize-you/) - Estate Planning practitioners field questions regarding disinheriting beneficiaries regularly. The second question often relates to what happens when that beneficiary or any other tries to have the estate plan or portions thereof overturned. An “in terrorem” or “no contest” clause usually acts as a deterrent to such beneficiaries by completing divesting them of their inheritance should they choose to initiate a lawsuit
- [Spring 2022 Summit Recap - Austin Adventures!](https://austinestateplan.com/spring-2022-summit-recap-austin-adventures/) - The best Estate Planners stay current on the latest trends. The American Academy of Estate Planning held its semi-annual conference providing education and learning for and inspiring excellence in its Members. Read on to learn more about the unique experience at the conference.
- [Why Use a Trust?](https://austinestateplan.com/why-use-a-trust/) - Most people think of a will as the "right" estate planning document. After all, we're all familiar with wills. They appear in movies, television shows, and even novels. You may have one yourself. It has been our experience that people are less familiar with trusts. Who uses a trust for estate planning? What does a
- [Coordination in Estate Planning](https://austinestateplan.com/basics-estate-planning-lack-coordination/) - Originally Written By: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Edited By: Andrew T. Slaton-Freeman, J.D., Attorney, Slaton Schauer Law Firm, PLLC Perhaps the most common mistake in estate planning isn’t apparent by looking at the will or trust document itself. The most common mistake is
- [Five Top Tips - Estate Planning](https://austinestateplan.com/five-top-tips-estate-planning/) - You're here for some info on estate planning, right? You've come to the right place! This is one in a series of posts that we're publishing to help inform people about estate planning. This piece is centered around five estate planning tips that will help give you a better feel for the process. Read on
- [BIG Estate Planning Mistakes](https://austinestateplan.com/big-estate-planning-mistakes/) - Everyone makes mistakes, right? Unfortunately, some mistakes have larger consequences than others. This article lays out three common mistakes we have fixed for new clients, and how you can avoid making them: 1) DIY Danger! We've all heard of DIY legal websites. Maybe you've even used one yourself. There are numerous websites that claim to
- [What Makes a Will or Trust Invalid](https://austinestateplan.com/what-makes-a-will-or-trust-invalid/) - Clients often worry about the execution of their plan after death. Sometimes, individuals fail to see their complicity in the destruction of their plan. Numerous ways exist to invalidate an Estate Plan. A qualified Estate Planning attorney takes safeguards to protect the plan.
- [Trust or Will?](https://austinestateplan.com/trust-or-will/) - Many people think that trusts are only for the ultra-wealthy. It has been our experience that most people think wills are "easier" than trusts to create and manage unless their family has complex requests or lots of property. In practice, we have found some very good reasons why everyday people may prefer a trust over
- [Does Medicare Cover Nursing Home Care?](https://austinestateplan.com/does-medicare-cover-nursing-home-care/) - You probably feel a sense of confidence about your health care insurance situation during your senior years. Medicare will be a solid source coverage, but there are out-of-pocket expenses that you have to cover yourself. These would include premiums, deductibles, and co-insurance, but if you plan ahead for retirement effectively, they should be manageable. However,
- [Why Do People Avoid Probate?](https://austinestateplan.com/why-do-people-avoid-probate/) - Probate is a legal process that can be initiated when an estate is being administered. In Texas, a small estate can avoid probate through the use of a simple affidavit or a simplified probate procedure. Independent administration is another alternative to the full probate process. When an estate is going through the actual probate procedure,
- [The Role of the Estate Planning Attorney](https://austinestateplan.com/the-role-of-the-estate-planning-attorney/) - Clients often come to an Estate Planning attorney with specific ideas in their minds. The attorney’s role is to counsel them regarding their plan, not just to draw up documents to accomplish it. Read on to learn more.
- [Tax Changes With New Administration?](https://austinestateplan.com/tax-changes-with-new-administration/) - Biden Administration Could Reduce Estate Tax Exclusion This is information many of you have been asking about. I thought you might like to hear the words of one of the most respected national leaders in Estate Planning law regarding what he anticipates. The estate tax exclusion is the amount you can give without facing an
- [What the 2020 Election Could Mean for Your Estate Plan](https://austinestateplan.com/what-the-2020-election-could-mean-for-your-estate-plan/) - The following article by Steve Harnett is a good article by one of most prominent national leaders in estate planning. I am going to start posting articles written by him often in an effort to keep all of my clients as current and educated as possible on important topics related to estate planning. Please let
- [Hospital - What to Pack When Family Can't Visit](https://austinestateplan.com/hospital-what-to-pack-when-family-cant-visit/) - Hospital - What to Pack When Your Family Can't Visit By Regina Schauer and Cheryl K. David Much of this was originally written by Cheryl K David after one of our other attorney friends’ wife came down with the virus. (His wife is now off the ventilator and seems to be recovering!) I have modified
- [Welcome To Our New Blog](https://austinestateplan.com/hello-world/) - Welcome to our new website blog. Please check back in a few days for a new blog. Thank you

## Pages

- [Austin Estate Plan | Slaton Schauer Law Firm](https://austinestateplan.com/) - We create personalized estate plans, including wills and trusts. tailored to your needs. Our team takes the time to get to know you—no cookie-cutter solutions.
- [Navigating Probate](https://austinestateplan.com/services/navigating-probate/) - Navigating Probate Why You Want a Trusted Guide for Probate. Losing someone is already painful and exhausting. Trying to handle probate on top of that can lead to expensive, time-consuming errors. SCHEDULE A CONSULT NAVIGATING PROBATE Avoid Costly Probate Mistakes. Admin Requirements Probate involves strict deadlines, detailed forms, and constant communication with the court. An
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- [Upcoming Events](https://austinestateplan.com/seminar-landing-page/) - *Actor portrayals, not real clients FUTURE-PROOF YOUR FINANCES: Estate Planning for Health & Wealth RESERVE YOUR SPOT Without a solid estate plan, you risk running out of money in retirement, ending up in a nursing home you didn't choose, and seeing your hard-earned assets mismanaged. But there are steps you can take to prevent this.
- [Upcoming Event](https://austinestateplan.com/upcoming-event/) - Upcoming Event FUTURE-PROOF YOUR FINANCES: Estate Planning for Health & Wealth​ Thursday, September 3 12:00pm–1:00pm Slaton Schauer Law Office102 Raley Rd.Cedar Park, TX Thursday, November 5 12:00pm–1:00pm Slaton Schauer Law Office102 Raley Rd.Cedar Park, TX URLThis field is for validation purposes and should be left unchanged.Name(Required) First Name Last Name Email(Required) Enter Email Confirm Email
- [Community Events](https://austinestateplan.com/community-events/) - Community Events More Than Planning — It's About Community Curious about what Austin Estate Plan is up to? Looking for ways to give back and get more involved locally?Join us at any of these upcoming events to learn more about estate planning, find volunteer opportunities, or simply connect with your community.We’d love to see you
- [Business Lunch & Learn](https://austinestateplan.com/business-lunch-learn/) - *Actor portrayals, not real clients Business Lunch & Learn Series Smart legal insights for business owners, served with a side of lunch. RESERVE YOUR SPOT Understanding how to protect and grow your business shouldn’t require a law or finance degree.Our Lunch & Learn series makes key financial and legal topics approachable and practical for entrepreneurs,
- [Business Planning](https://austinestateplan.com/services/business-planning/) - Business Planning Helping You Run Things the Right Way Creating and running a business is an endless stream of challenges, conflicts, and opportunities. We want to help you be ready for all of them. SCHEDULE A CONSULT BUSINESS PLANNING The Guidance You Need at Every Stage of Your Business. Formation & Incorporation Choosing the right
- [Succession Planning](https://austinestateplan.com/services/succession-planning/) - Succession Planning What Happens When You No Longer Run Things? Maybe you’re retiring. Or just moving on to the next big thing. Does your business have a plan? Don’t let it get into trouble before those left can “figure it out.” SCHEDULE A CONSULT SUCCESSION PLANNING Your Business Doesn't Have to End with You. Plan
- [Business Formation](https://austinestateplan.com/services/business-formation/) - Business Formation Your Structure Is Your Business’ Foundation Partnership? Corporation? LLC? The business structure you choose will impact everything from your tax burden to your ability to attract investors. Pick wisely. SCHEDULE A CONSULT BUSINESS FORMATION Every Structure has Benefits & Drawbacks. Sole Proprietorship The simplest structure (and the fastest and easiest to set up),
- [Remarriage & Blended Family Protection](https://austinestateplan.com/services/remarriage-and-blended-family-protection/) - Remarriage & Blended Family Protection A Plan as Unique as Your Family Blending families is hard. So is making sure that everyone you love is protected after you’re gone — but it can be accomplished with careful planning. SCHEDULE A CONSULT REMARRIAGE & BLENDED FAMILY PROTECTION Traditional Plans Aren't Built to Meet Your Needs. Divorce
- [Special Needs Planning](https://austinestateplan.com/services/special-needs-planning/) - Special Needs Planning You Know They’ll Always Need Help But how can you make sure they’re able to get it when you’re no longer around to protect them — and avoid causing unintended problems? SCHEDULE A CONSULT SPECIAL NEEDS PLANNING The Care They Need. Without Hurting Their Eligibility. Pick a Guardian Choosing a guardian means
- [Trust Administration](https://austinestateplan.com/services/trust-administration/) - Trust Administration Congrats, You’re a Trustee! Now What? Administering a trust involves far more than simply distributing the assets held by the trust to the right people. If you’re not careful, you can get into big trouble. SCHEDULE A CONSULT TRUST ADMINISTRATION Understanding the Pitfalls to Avoid. Failure to Follow Terms As trustee, you are
- [Gun Trusts](https://austinestateplan.com/services/gun-trusts/) - Gun Trusts Pass On Firearms without Headaches Transferring gun ownership can be a complicated and invasive process. A gun trust helps your beneficiaries avoid frustrating costs and hurdles. SCHEDULE A CONSULT GUN TRUSTS Ensure Your Guns Can Be Inherited Seamlessly. Trust as Owner Creating a gun trust means the trust legally owns the firearms —
- [LGBTQ Estate Planning](https://austinestateplan.com/services/lgbtq-estate-planning/) - LGBTQ Estate Planning Help Guard Against Discrimination Don’t just rely on a Will, Joint Tenancy, or Tenancy in Common as an estate plan. Ensure your partner is empowered to make decisions and manage your affairs. SCHEDULE A CONSULT LGBTQIA+ ESTATE PLANNING Protect Yourself.Protect Your Loved Ones. Your Partner Married same-sex, transgender, and non-binary couples are
- [IRA & Retirement Planning](https://austinestateplan.com/services/ira-retirement-planning/) - IRA & Retirement Planning Ensure Your IRA Is Used How You Want Do you understand how having an IRA impacts Medicaid? Taxes? How does passing it on work? What differences are there between Roth and traditional IRAs? SCHEDULE A CONSULT IRA PLANNING Help Your IRA Impact Your Retirement in the Right Way. Account for Medicaid
- [Planning for Incapacity](https://austinestateplan.com/services/incapacity-planning/) - Planning for Incapacity No One Expects to Become Incapacitated But it can happen to any of us — and it can occur at any time. If you’re suddenly unable to care for yourself or make financial decisions, what happens? SCHEDULE A CONSULT PLANNING FOR INCAPACITY Put a Plan in Place to Ensure You're Cared For.
- [Wills & Trusts](https://austinestateplan.com/services/estate-planning-services/) - Wills & Trusts Don’t Let the State Decide for You If you do not have at least a basic estate plan in place, that’s exactly what will happen when you pass. Prevent this by creating a will or a trust. SCHEDULE A CONSULT LAST WILL & TESTAMENT Ensure Your Wishes are Honored. Avoid Intestate Succession
- [Schedule Consultation](https://austinestateplan.com/schedule-consultation/) - Schedule a Consultation We look forward to meeting you!Select a date and time that’s convenient for you below. Need help? Give us a call at (512) 258-9455.
- [Family-Owned Businesses & Farms](https://austinestateplan.com/services/estate-planning-for-family-owned-businesses-farmers-and-ranchers/) - Family-Owned Businesses & Farms Preserve Your Family Heritage Over 70% of family businesses don’t survive the transition to the next generation. Doing so demands careful planning. SCHEDULE A CONSULT FAMILY-OWNED BUSINESSES & FARMS Gain Maximum Control Over Your Business's Future. Plan Ahead for Estate Taxes One of the biggest reasons family-owned businesses don’t survive from
- [Paralegal Kim Haxton](https://austinestateplan.com/kim-haxton/) - Meet Our Team Kim Haxton PARALEGAL With a deep commitment to helping individuals and families, Kim assists clients with clarity, compassion, and confidence. An experienced paralegal with a strong focus on estate planning, probate, guardianship, and business formation, Kim began her legal career in Eugene, Oregon, and relocated to Texas in 2017. Kim is passionate
- [CFO Alan Schauer](https://austinestateplan.com/alan-schauer/) - Meet Our Team Dr. Alan Schauer CHIEF FINANCIAL OFFICER Clients appreciate his kindness, professionalism, and eye for detail – refined over 25+ years leading one of Austin’s top dental practices. Dr. Schauer is the Chief Financial Officer (CFO) of Slaton Schauer Law firm, PLLC, and handles all financial aspects of the business. A former dentist who
- [Attorney and Staff Profiles](https://austinestateplan.com/our-firm/attorney-and-staff-profiles/) - Attorney & Staff Profiles Regina SchauerAttorney Andrew Slaton-FreemanAttorney Alan SchauerCFO Kim HaxtonParalegal
- [Thank You for Reaching Out to Us](https://austinestateplan.com/thank-you-contact/) - Thank You for Reaching Out to Us We look forward to getting to know you, your family, and your goals. Our process starts with you meeting directly with your attorney to discuss your needs and develop a personalized plan. As time passes and you experience changes in your life, we’ll stay connected to ensure your
- [Attorney Andrew Slaton-Freeman](https://austinestateplan.com/attorney-andrew-slaton-freeman/) - Meet Our Attorneys Andrew Slaton-Freeman ATTORNEY With a heart for service and a sharp legal mind, Andrew is ready to help you navigate life’s important transitions. After spending time working as an Assistant Attorney General, managing research contracts for Texas A&M University, and handling federal defense industry contracts, Andrew Slaton-Freeman decided to join his family’s
- [Attorney Regina Slaton Schauer](https://austinestateplan.com/attorney-regina-slaton-schauer/) - Meet Our Attorneys Regina Slaton Schauer ATTORNEY Known for her deep connection with clients, Regina is often described as an attorney who cares about each individual she serves. Regina Slaton Schauer has been practicing law for over 30 years and is licensed in both Texas and Oklahoma. She often tells people that she got into
- [Elder Law & Medicaid Planning](https://austinestateplan.com/services/elder-law-medicaid-services/) - Elder Law & Medicaid Planning Because Legal Needs Change as You Age Estate planning. Retirement planning. Paying for long-term care. There are all kinds of legal issues you may find yourself facing as you get older. SCHEDULE A CONSULT ELDER LAW & MEDICAID PLANNING Protect your Health, Finances, and Independence. Estate Planning Every adult should
- [DocuBank Membership](https://austinestateplan.com/resources/docubank-membership/) - DocuBank Membership Access to Your Advance Directives – Anywhere and Anytime When you work with Austin Estate Plan, we give you a 1-year DocuBank membership free of charge. This means your advance directives are instantly available any time day or night and from anywhere around the world. YOUR FREE 1-YEAR DOCUBANK MEMBERSHIP How Does DocuBank
- [Young Adult Planning](https://austinestateplan.com/services/young-adult-planning/) - Young Adult Planning Show Them How to Defend What’s Theirs One of the biggest lessons young adults must learn is that the world keeps turning — regardless of what they do — and not accounting for that can lead to trouble. SCHEDULE A CONSULT YOUNG ADULT PLANNING Teach Them to Safeguard Their Assets & Safety.
- [Planning for Minor Children](https://austinestateplan.com/services/planning-for-minor-children/) - Planning for Minor Children Kids Under 18? You Need a Clear Plan What happens to your minor children if something bad happens to you? Put the plans in place to secure their future. SCHEDULE A CONSULT PLANNING FOR MINOR CHILDREN Smart Parents Plan Ahead for the Unthinkable. Temporary Guardianship Who will care for your children
- [About Our Firm](https://austinestateplan.com/our-firm/about-our-firm/) - Who We Are & What We Do Led by Mother-Son Attorney Team — Regina Slaton Schauer and Andrew Slaton-Freeman Proudly Serving Cedar Park, Leander, Round Rock, Austin, and surrounding areas Focused on Creating Custom Estate Plans — no cookie-cutter solutions Committed to Staying Up-to-Date by attending double the required continuing education Supporting Local Non-Profits and
- [Legacy Giving Program](https://austinestateplan.com/legacy-giving/) - Legacy Giving Program Let Us Help You Leave a Lasting Legacy Behind Austin Estate Plan’s Legacy Gift Program makes it easy for you to include a meaningful gift to the nonprofit of your choice in your estate plan (and saves you some money, too!). SCHEDULE A CONSULT LEGACY GIVING PROGRAM You're Here Because There's a
- [Legacy Giving Program](https://austinestateplan.com/legacy-giving-program/) - Legacy Giving Program Partner With Us to Keep Doing Great Work in the Community When you join our Legacy Gift Program’s list of certified local partners, we make it easy for your supporters to incorporate donations to you in their estate plan. LEGACY GIVING PROGRAM Support Your Mission – and Your Supporters. Co-Branded Promotion After
- [Corporate and Non-Profit Presentation Sponsors](https://austinestateplan.com/our-firm/corporate-and-non-profit-presentation-sponsors/) - Corporate and Non-Profit Presentation Sponsors Our law firm regularly conducts free, personalized, private, educational workshops for a number of sponsored groups on various estate planning subjects. This is a great opportunity for you to invite your members, donors, clients, employees and/or friends to a private workshop to learn more about their estate planning options and
- [Speaker Connection](https://austinestateplan.com/our-firm/speaker-connection/) - Speaker Connection If you wish to have Regina Schauer consider your venue or organization for an educational speaking engagement, she offers these without cost to your organization as a way to “give back to the community.” You are always welcome to join one of her scheduled workshops to see if the educational material presented would
- [Financial Planning Assistance](https://austinestateplan.com/financial-planning-assistance/) - Financial Planning Assistance Our law firm’s philosophy has always been to help families preserve their wealth and achieve their long-term financial goals. The coordination of the estate plan and financial plan is vital. We offer FREE estate and financial plan reviews. During these complimentary reviews we will: Discuss your family situation to ensure that the
- [Special Needs Trusts and Planning](https://austinestateplan.com/planning-for-those-with-special-needs/) - Special Needs Trusts and Planning Special Needs Trusts in Austin Families who have a family member with a disability must plan for the future very carefully. How assets are left after your death can have a tremendous impact on the quality of life for that person. In the past, a Will may have been enough,
- [Elder Law](https://austinestateplan.com/elder-law/) - Elder Law
- [Advantages of Working With Our Firm](https://austinestateplan.com/our-firm/advantages-of-working-with/) - Advantages of Working With Our Firm Slaton Schauer Law Firm, PLLC Here is just a sample of the benefits of working with our office: FREE Living Trust Identification Cards. These wallet-sized laminated cards with our office address and phone number on one side, and the name and date of your Trust on the other will
- [Our Firm](https://austinestateplan.com/our-firm/) - Our Firm
- [Multimedia](https://austinestateplan.com/our-firm/multimedia/) - Multimedia Coming Soon! If you would like to know when we have uploaded audio and video files for your reference please let us know!
- [Mission Statement](https://austinestateplan.com/our-firm/mission-statement/) - Mission Statement Slaton Schauer Law Firm, PLLC has the philosophy that strength and leadership comes through service to others. We take care of our friends and neighbors, delivering excellence in everything we do and we provide the highest level of knowledge and service available. Because we treat clients with integrity, respect, and care, they care
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- [Privacy Policy](https://austinestateplan.com/privacy-policy-2/) - Privacy Policy Our law firm collects personal information only when you submit it to us. If you decide to submit such personal information, we or an external service provider will retain the information that you submit in a database, and we will use this information to complete your request. Any service provider that we designate
- [Elder Law Reports](https://austinestateplan.com/resources/elder-law-resources/elder-law-reports/) - Elder Law Reports 7 THINGS YOU NEED TO KNOW Before You Choose a Nursing Home Placing a spouse or a parent in a nursing home is likely one of the most difficult decisions you’ll ever have to make. It’s not…. THE ALZHEIMER’S SURVIVAL GUIDE FOR CAREGIVERS Practical Tips on Caring for Your Loved One No
- [LGBTQ Resources](https://austinestateplan.com/resources/lgbt-resources/) - LGBTQ Resources SAGE SAGE is the country’s largest and oldest organization dedicated to improving the lives of LGBT older people. Founded in 1978 and headquartered in New York City, SAGE is a national organization that offers supportive services and consumer resources to LGBT older people and their caregivers. The National Resource Center on LGBT Aging
- [Special Needs Resources](https://austinestateplan.com/resources/special-needs-resources/) - Special Needs Resources American Foundation for the Blind The American Foundation for the Blind (AFB) is a national nonprofit that expands possibilities for people with vision loss. AFB’s priorities include broadening access to technology, elevating the quality of information and tools for the professionals who serve people with vision loss, and promoting independent and healthy
- [Elder Law & Medicaid Definitions](https://austinestateplan.com/resources/elder-law-resources/elder-law-medicaid-definitions/) - Elder Law & Medicaid Definitions Community Spouse: The spouse who does not need long-term or nursing home care. This spouse continues to live in the community. Countable Assets: Assets that are not exempt are countable. This includes, but is not limited to, checking and savings accounts, CDs, money markets, stocks, mutual funds, and second cars.
- [Elder Law Resources](https://austinestateplan.com/resources/elder-law-resources/) - Elder Law Resources Administration on AgingThis site includes information and resources designed for older Americans and their families as well as those concerned about providing opportunities and services to enrich the lives of older people and support their independence.ALS AssociationThe ALS Association (ALSA) is the only national not-for-profit voluntary health organization dedicated solely to the
- [Incapacity Planning Definitions](https://austinestateplan.com/resources/estate-planning/incapacity-planning-definitions/) - Incapacity Planning Definitions Power of Attorney: You empower someone else to act on your behalf. Technically, this person becomes your “Attorney in Fact,” but is more commonly referred to as your “Agent.” General Power of Attorney: Provides your Agent with broad authority. It says that at any time – and in just about any capacity
- [Newsletters](https://austinestateplan.com/resources/newsletters/) - Newsletters Estate Planning News and Updates – July 4, 2023 Text articles for the visually-impaired: Estate Planning & Tax Update: Current estate tax exemption rate: $12,920,000.00 Current Texas estate tax percentage: 0.00% (we don’t Read More » July 3, 2023 No Comments Your Estate Matters Newsletter, Vol. 26.2 This issue’s articles include: Fair May
- [Top 10 Estate Planning Techniques](https://austinestateplan.com/resources/estate-planning/top-10-estate-planning-techniques/) - Top 10 Estate Planning Techniques Slaton Schauer Law Firm, PLLC Revocable Living Trust: A device used to avoid probate and provide management of your property, both during life and after death. Property Power of Attorney: Instrument used to allow an agent you name to manage your property. Health Care Power of Attorney: Instrument used to
- [Estate Planning Reports](https://austinestateplan.com/resources/estate-planning/reports/) - Estate Planning Reports Special Reports are written on topics that affect various aspects of estate planning and the laws that govern it. FREE ACCESS TO OUR SPECIAL REPORTS These reports are published by the American Academy of Estate Planning Attorneys and cover a wide-variety of subjects relating to estate planning. Click on a report title
- [Asset Download](https://austinestateplan.com/resources/estate-planning/dangers-of-do-it-yourself-wills-living-trusts/asset-download/) - Asset Download Thank you for completing our form. You may now view and download our free guide by clicking the image below.
- [Is Your Estate Plan Outdated?](https://austinestateplan.com/resources/estate-planning/is-your-estate-plan-outdated/) - Is Your Estate Plan Outdated? Slaton Schauer Law Firm, PLLC Review the questions below to see if it is time for an Estate Plan Check-Up Has it been more than 3 years since you reviewed your current estate plan? If you have minor children, does your estate plan name Guardians for them? Since creating your
- [Estate Planning Definitions](https://austinestateplan.com/resources/estate-planning/estate-planning-definitions/) - Estate Planning Definitions For current Estate and Gift tax figures, click here. Annual Gift Tax Exclusion: Technique to allow gifts without the imposition of estate or gift taxes and without using lifetime exclusion. Children’s or Grandchildren’s Irrevocable Education Trust: A Trust used by parents and grandparents for a child’s or grandchild’s education. Charitable Remainder Interest
- [Estate Planning Checkup](https://austinestateplan.com/resources/estate-planning/estate-planning-checkup/) - Estate Planning Checkup Slaton Schauer Law Firm, PLLC Do you have a Will? If you have minor children, do you have a current Will which names Guardians? If the total gross value of all your assets is over $100,000 do you have an Estate Plan? If you have a Living Trust, have you transferred your
- [LGBTQ Estate Planning FAQs](https://austinestateplan.com/resources/faq/lgbt-estate-planning-frequently-asked-questions/) - LGBTQ Estate Planning FAQs
- [Incapacity Planning FAQs](https://austinestateplan.com/resources/faq/frequently-asked-questions-for-families-without-an-estate-plan/) - Incapacity Planning FAQs
- [Dangers of Do-It-Yourself Wills & Living Trusts](https://austinestateplan.com/resources/estate-planning/dangers-of-do-it-yourself-wills-living-trusts/) - Dangers of Do-It-Yourself Wills & Living Trusts Do-It-Yourself Wills and Living Trusts? Think Twice! At Slaton Schauer Law Firm, we hear the question all the time: “Can’t I just grab a will or a living trust off the internet, do a transfer-on-death deed for my land, and put my kids on my bank account, and
- [Estate Planning Resources](https://austinestateplan.com/resources/estate-planning/) - Estate Planning Resources
- [Probate & Trust Administration FAQs](https://austinestateplan.com/resources/faq/trust-administration-probate-frequently-asked-questions/) - Probate & Trust Administration FAQs For current Estate and Gift tax figures, click here.
- [Estate Planning FAQ's](https://austinestateplan.com/resources/faq/estate-planning-faqs/) - Estate Planning FAQ’s For current Estate and Gift tax figures, click here. Why do I need an estate plan? Most of us spend a considerable amount of time and energy in our lives accumulating wealth. With this, there comes a time to preserve wealth both for enjoyment and future generations. A solid, effective estate plan
- [Nursing Home Asset Protection FAQs](https://austinestateplan.com/resources/faq/nursing-home-asset-protection-faqs/) - Nursing Home Asset Protection FAQs We Are Here to Help!Nursing home costs can be devastating, but if you take the right steps in advance, you can preserve your legacy for the benefit of your loved ones.If you are ready to develop a nursing home asset protection plan, we are here to help. You can schedule
- [Things You Need To Do When a Loved One Passes Away With a Will](https://austinestateplan.com/resources/trust-probate/things-you-need-to-do-when-a-loved-one-passes-away-with-a-will/) - Things You Need To Do When a Loved One Passes Away With a Will Slaton Schauer Law Firm, PLLC Upon the death of a loved one, great emotional sadness sets in as family and friends support each other during this time of loss. After finding a firm emotional foundation, it is time to address the
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- [Bereavement Resources](https://austinestateplan.com/resources/trust-probate/bereavement-resources/) - Bereavement Resources Center for Loss & Life Transition The Center for Loss of Life Transition is dedicated to furthering their understanding of -and compassion for- the complex set of emotions called grief. Their mission is to help both the bereaved, by walking with them in their unique life journeys, and bereavement caregivers, by serving as
- [Trust Administration & Probate Definitions](https://austinestateplan.com/resources/trust-probate/trust-administration-probate-definitions/) - Trust Administration & Probate Definitions Agent: A person authorized to act on behalf of another person, the “principal.” Appraiser: Determines the value of hard to value assets – such as a business, real estate, or various types of collections – for tax purposes, as well as to assist the trustee in establishing values for distributions.
- [How to Know if You Need Extra Help With Your Grieving](https://austinestateplan.com/resources/trust-probate/how-to-know-if-you-need-extra-help-with-your-grieving/) - How to Know if You Need Extra Help With Your Grieving Slaton Schauer Law Firm, PLLC By Mary Ann and James P. Emswiler Are you always irritable, annoyed, intolerant or angry these days? Do you experience an ongoing sense of numbness or of being isolated from your own self or from others? Do you usually
- [The Mourner's Bill of Rights](https://austinestateplan.com/resources/trust-probate/the-mourners-bill-of-rights/) - The Mourner’s Bill of Rights Slaton Schauer Law Firm, PLLC By Alan D. Wolfelt, Ph.D. You have the right to experience your own unique grief. No one else will grieve in exactly the same way you do. So, when you turn to others for help, don’t allow them to tell you what you should or
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- [Pre Consultation Form](https://austinestateplan.com/resources/pre-consultation-form/) - Pre Consultation Form Legacy Wealth Planning Consultation Form Date of Consultation* Status* Married Single Widow First Name*Last Name*Date of Birth* Untitled* Veteran U.S. Citizen Untitled1st Marriage:* Yes No Spouse/Partner’s First NameSpouse/Partner’s Last NameDate of Birth Untitled* Veteran U.S. Citizen 1st Marriage:* Yes No Physical address line 1Physical address line 2Physical address city*Physical address state/province* State
- [Things You Need To Do When a Loved One Passes Away With a Trust](https://austinestateplan.com/resources/trust-probate/things-you-need-to-do-when-a-loved-one-passes-away-with-a-trust/) - Things You Need To Do When a Loved One Passes Away With a Trust Slaton Schauer Law Firm, PLLC Upon the death of a loved one, great emotional sadness sets in as family and friends support each other during this time of loss. After finding a firm emotional foundation, it is time to address the
- [Probate & Trust Administration Resources](https://austinestateplan.com/resources/trust-probate/) - Probate & Trust Administration Resources
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- [Estate Planning Articles](https://austinestateplan.com/estate-planning-articles/) - Estate Planning Articles Some of these articles have been written by our law firm and other articles are written by the American Academy of Estate Planning Attorneys and compliments of our law firm. Any feedback or questions about the articles can be addressed by contacting our office.
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- [Thank You Trustee School Workshop](https://austinestateplan.com/thank-you-trustee-school-webinar/) - Thank You Trustee School Workshop Thank you for registering for our Trustee School Workshop.Someone will call you to confirm your registration.
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- [Workshop for Women Thank You](https://austinestateplan.com/webinar-for-women-thank-you/) - Workshop for Women Thank You Thank you for registering for our free workshop: Estate Planning is a Woman’s Issue: Common Myths You Need to Know and Avoid.
- [Top 10 Estate and Legacy Planning Techniques](https://austinestateplan.com/services/top-10-estate-and-legacy-planning-techniques/) - Top 10 Estate and Legacy Planning Techniques Revocable Living Trust: A device used to avoid probate and provide management of your property, both during life and after death. Property Power of Attorney: Instrument used to allow an agent you name to manage your property. Health Care Power of Attorney: Instrument used to allow a person
- [SECURE Act](https://austinestateplan.com/services/secure-act/) - SECURE Act The SECURE Act has passed! We believe some clients will be impacted in one of these three ways. Download our free report on Estate Planning with IRAs to read more. 1. The Required Minimum Distribution (RMD) Age was increased from 70 ½ to 72. This is a positive change and will benefit you
- [Pet Planning](https://austinestateplan.com/services/pet-planning/) - Pet Planning What Will Happen to Your Pet When You’re No Longer Around? When it comes to protecting your pet, no one does it better than you do. You love them…You feed them…You make sure they have everything they need to live a happy, healthy life. But what would happen if you were no longer
- [What Can a Pet Trust Do For You?](https://austinestateplan.com/services/pet-planning/what-can-a-pet-trust-do-for-you/) - What Can a Pet Trust Do For You? If you have a pet, it’s natural to be concerned about what would happen to it if you pass on or become incapacitated. This is where a pet trust can help. With this, you’ll have greater peace of mind that your pet will always receive the care
- [Estate and Gift Tax Figures For Texas](https://austinestateplan.com/services/estate-and-gift-tax-figures/) - Estate and Gift Tax Figures For Texas FEDERAL Estate and Gift Tax Applicable Exclusion: The amount that can be passed free of federal tax. Whatever amount is used during lifetime is no longer available for use to pass assets at death. The Estate and Gift Tax Applicable Exclusion is currently $13.61 million. Annual Gift Tax
- [Thank You For Your Submission!](https://austinestateplan.com/thank-you-epdownload/) - Thank You For Your Submission! Download your Estate Planning Checklist below and get started today! Download Your Estate Planning PDF Now Sharing Our Knowledge and Years of Experience with Estate Planning We’re excited to help you learn more about all that goes into setting up a comprehensive estate plan to protect your loved ones and
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- [ABOUT THE AMERICAN ACADEMY](https://austinestateplan.com/about-the-american-academy/) - ABOUT THE AMERICAN ACADEMY HISTORY OF THE ACADEMY The American Academy of Estate Planning Attorneys was established in 1992 by Armstrong & Fisch, one of the most successful estate planning law firms in the country. After providing two decades of superior estate planning guidance and advice to thousands of legal clients, the firm decided to
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- [Thank You](https://austinestateplan.com/thank-you-upcoming-workshops/) - Thank You Thank you for your interest in our free workshops.We’ll be sure to let you know as soon as our next event is scheduled. Sharing Our Knowledge and Years of Experience with Estate Planning. We’re excited to help you learn more about all that goes into setting up a comprehensive estate plan to protect
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- [Questions to Answer During an Estate Plan Review](https://austinestateplan.com/questions-to-answer-during-an-estate-plan-review/) - Questions to Answer During an Estate Plan Review Creating an estate plan is important, but please keep this in mind: as the value of your possessions grows and changes, your estate plan will slowly evolve over time. These natural changes mean that regular review of your estate plan is critical to ensure that it always
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- [How to Attack Estate Planning for the First Time](https://austinestateplan.com/how-to-attack-estate-planning-for-the-first-time/) - How to Attack Estate Planning for the First Time There is no single default process for creating your first estate plan. This does not mean, however, that every approach is equally effective! Planning out the steps you want to take allows you to proceed with both speed and efficiency. A solid map to your desired
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- [Probate and Trust Administration](https://austinestateplan.com/services/trust-administration-probate/) - Probate and Trust Administration If you recently experienced the loss of a loved one you are undoubtedly still going through the grieving process. That can make it particularly difficult for you if you are also responsible for administering your loved one’s estate. Whether you were named as the Executor of the Will or the Trustee
- [Minor Children & Young Adult Planning](https://austinestateplan.com/services/minor-children-young-adult-planning/) - Minor Children & Young Adult Planning Who would care for your children should you become incapacitated in an accident or die unexpectedly from an illness or accident? Would your children live with their grandparents? If so, which set of grandparents? Where would they go to school? These are questions that you likely don’t want to
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## Staff profiles

- [Andrew Trevor Slaton-Freeman](https://austinestateplan.com/attorneys/andrew-trevor-slaton-freeman/) - After navigating the complex fields of criminal law, family law, and the defense industry, Andrew Slaton-Freeman joined his family’s business to help local families secure their legacies through thoughtful estate planning. With experience ranging from high-tech contracts to high-stakes wills, Andrew brings a unique blend of intellect, compassion, and legal expertise to his work at
- [Alan Schauer](https://austinestateplan.com/attorneys/alan-schauer/) - CFO Dr. Alan Schauer is the CFO of Slaton Schauer Law firm, PLLC Dr. Schauer has a degree with honors in Chemistry from Texas Tech University and a Doctorate from the University of Texas. He grew up in Houston where his mother stills lives independently even after his father passed away a few years
- [Regina Schauer](https://austinestateplan.com/attorneys/regina-shauer/) - Attorney Regina Slaton Schauer, has been practicing law for over 30 years and is licensed to practice in Texas and Oklahoma. In addition to doing estate planning, her background includes being a Judge for eight years, working in a district attorney’s office and running two international programs where children were brought from orphanages and placed
- [Eloise Tiller](https://austinestateplan.com/attorneys/eloise-tiller/) - Paralegal Eloise has over 15 years of experience as a paralegal and office manager. She has excellent skill with the preparation of extremely complicated and detailed paperwork. She has run her own bookkeeping business and was a licensed tax preparer. When she is not working she can be found ballroom dancing, drawing, rock climbing,

## Estate Plannings

- [My Attorney Just Retired – What Now?](https://austinestateplan.com/estate_planning/estate-attorney-retired/) - My Attorney Just Retired – What Now? Compliments of the Slaton Schauer Law Firm, PLLC Written By The American Academy of Estate Planning Attorneys; edited by Andrew T. Slaton-Freeman You’ve established lasting and productive relationships with the professionals in your life: dentists, doctors, attorneys, and tradesmen. What should we do when the pros
- [Your First Consultation](https://austinestateplan.com/estate_planning/estate-planning-consultation-prepare/) - Your First Consultation Compliments of the Slaton Schauer Law Firm, PLLC Written By: The American Academy of Estate Planning Attorneys Edited By: Andrew T. Slaton-Freeman -- I. Introduction You have finally chosen to get your affairs in order. Congratulations! Making the decision is the first step in the process, and it's an important one. You've
- [Pride and Planning: Estate Planning for LGBTQ+ Couples](https://austinestateplan.com/estate_planning/claiming-marriage-important-financial-estate-planning-samesex-marriages/) - Pride and Planning: Estate Planning for LGBTQ+ Couples Compliments of the Slaton Schauer Law Firm, PLLC, Written By: The American Academy of Estate Planning Attorneys Edited By: Andrew T. Slaton-Freeman -- I. Introduction Let's consider a topic pertinent for June: estate planning for LGBTQ+ partners. Many same-sex couples never historically focused on planning either their
- [Leaving Your Grandchildren a Legacy](https://austinestateplan.com/estate_planning/ties-bind-grandparents-grandchildren/) - Leaving Your Grandchildren a Legacy Compliments of the Slaton Schauer Law Firm, PLLC Written By: The American Academy of Estate Planning Attorneys I. Your Legacy Memories made with grandchildren are some of the best. Still, we want to leave our descendants with more than simple stories to pass down to their own grandchildren. We want
- [Save Taxes, Send Aid](https://austinestateplan.com/estate_planning/lend-hand-save-taxes/) - Save Taxes, Send Aid Compliments of the Slaton Schauer Law Firm, PLLC. Written By: The American Academy of Estate Planning Attorneys Edited By: Andrew T. Slaton-Freeman -- I. Disaster Strikes June 1st is almost here, and hurricane season is upon us again. Few people can watch such devastation, destruction, and loss of life without feeling
- [Loaning Family Money – What You Need To Know](https://austinestateplan.com/estate_planning/loaning-family-money/) - Loaning Family Money – What You Need To Know Written By: The American Academy of Estate Planning Attorneys People lend money to family members for a variety of reasons. For example, lending your son money to buy his first home, or lending your daughter money to start a new business. At some point, you may
- [Estate Planning is Essential for Same-Sex Couples](https://austinestateplan.com/estate_planning/estate-planning-essential-samesex-couples/) - Compliments of Our Law Firm, Written By: The American Academy of Estate Planning Attorneys You might not realize it, but you already have an estate plan. Even if you’ve never created a Will, never set foot inside an estate planning attorney’s office, and never given estate planning a second thought. Here’s why: each state provides every
- [What to Expect at Your First Estate Planning Consultation](https://austinestateplan.com/estate_planning/expect-estate-planning-consultation/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys www.aaepa.com • blog.aaepa.com Your first meeting with an estate planning attorney may seem a little daunting, especially if you’ve never consulted an attorney before. There’s no need to worry, however. This meeting is just a conversation in which your attorney will find
- [Five Things Every Woman Should Know About Estate Planning](https://austinestateplan.com/estate_planning/woman-estate-planning/) - Compliments of Our Law Firm, Written By: The American Academy of Estate Planning Attorneys Not long ago, wives were “silent partners” when it came to estate planning. Husbands were the ones in charge of long-term planning and major financial decisions. In fact, estate planning attorneys often advised wealthy men to leave their assets in trust
- [How the American Taxpayer Relief Act Will Affect You](https://austinestateplan.com/estate_planning/american-taxpayer-relief-act-affect/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys With the fiscal cliff looming, Congress passed the American Taxpayer Relief Act of 2012 on January 1, 2013. This law averts a number of the automatic tax increases set to take effect at the beginning of this year. If you’re among the
- [Five Non-Tax Reasons You Need an Estate Plan](https://austinestateplan.com/estate_planning/nontax-reasons-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys One of the biggest myths about estate planning is that it is something only wealthy people need because the only reason for having an estate plan is to minimize estate taxes. The truth is, estate taxes are only a tiny piece of
- [This New Year, Resolve to Review Your Estate Planning Options](https://austinestateplan.com/estate_planning/year-resolve-review-estate-planning-options/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys The holiday whirlwind is over, you’ve packed up the decorations, and life is settling into its familiar routine. Your thoughts are likely turning to the coming year, and the things you’d like to accomplish over the next twelve months. Maybe you have
- [What You Should Know About Workshops on Wills & Living Trusts](https://austinestateplan.com/estate_planning/workshops-wills-living-trusts/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Avoid Information Overload Estate planning is a complex topic, and it can involve abstract concepts that are only familiar to experienced estate planning attorneys. If you Google “estate planning,” “will” or “living trust,” you’ll likely be faced with information overload. You’ll have
- [Three Ways the IRS Rewards Your Generosity](https://austinestateplan.com/estate_planning/ways-irs-rewards-generosity/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Giving generously to charity has many advantages, some obvious, and some not so obvious. First and foremost, your donation helps to support your favorite cause. Giving also makes you feel great, and if you itemize deductions on your tax return, gifts to
- [Three Simple Steps for Managing a Windfall](https://austinestateplan.com/estate_planning/simple-steps-managing-windfall/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We’ve all dreamed of suddenly becoming wealthy by winning a lottery jackpot, receiving an unexpected inheritance, or some other happy accident. However, few of us consider what steps we would take to manage a windfall. Without careful management, your dream come true
- [Tax Alert! Special Gifting Opportunities Expire December 31, 2012](https://austinestateplan.com/estate_planning/tax-alert-special-gifting-opportunities-expire-december-31-2012/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys If you think only the super-rich need to worry about estate and gift taxes, you may want to think again. As of January 1, 2013, individuals with estates larger than $1 million might once again be subject to these federal taxes. A
- [Home: Your Most Valuable Investment](https://austinestateplan.com/estate_planning/home-valuable-investment/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys “There is a magic in that little world, home; it is a mystic circle that surrounds comforts and virtues never known beyond its hallowed limits.” - Robert Southey If you are like many Americans, your home is not only an emotionally valuable
- [Estate Planning Across Borders](https://austinestateplan.com/estate_planning/estate-planning-borders/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As the world gets smaller, it is increasingly common for people to own assets in a variety of places, both within the United States and internationally. Whether your property is a generations-old family tract in an ancestral homeland, or a new vacation
- [The Problem With Joint Tenancy](https://austinestateplan.com/estate_planning/problem-joint-tenancy/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Joint tenancy is a popular way for two or more individuals to hold title to real estate or other property. When one joint tenant dies, that person’s interest in the property automatically re-vests in the surviving owners. People often use joint tenancy
- [Why Everyone Needs an Estate Plan](https://austinestateplan.com/estate_planning/why-everyone-needs-an-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Estate Planning. To many people, it sounds complicated and foreign, something only the wealthy or the elderly need to worry about. It is often not at the top of the priority list for single people or for young couples. Even parents with
- [How Low Interest Rates Can Influence Your Estate Plan](https://austinestateplan.com/estate_planning/932/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We all know that low interest rates can create excellent opportunities to buy or refinance real estate. But did you know that a low interest rate environment can have an impact on your estate planning options as well? The four corners of
- [Planning for the Worst-Case Scenario](https://austinestateplan.com/estate_planning/planning-for-the-worst-case-scenario/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Estate planning is one of those things that’s easy to put off. We don’t like to think about death – particularly our own – so we put it out of our minds. “What’s the worst that can happen?” we ask ourselves. We’d
- [How to Leave an Inheritance for Your Special Needs Child](https://austinestateplan.com/estate_planning/how-to-leave-an-inheritance-for-your-special-needs-child/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We all want to make sure our children are financially secure after we’re gone. But accomplishing this means more than just deciding what portion of your estate each child will inherit. It also means determining how and when each child will receive
- [Insurance: The Missing Link in Your Estate Plan?](https://austinestateplan.com/estate_planning/insurance-the-missing-link-in-your-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Insurance might not be the first thing that springs to mind when someone mentions estate planning. We tend to associate estate planning with Wills, Trusts, and taxes more than with declaration pages and policy terms. However, insurance serves two important estate planning
- [Why Your Trust Shouldn't be Short and Sweet](https://austinestateplan.com/estate_planning/why-your-trust-shouldnt-be-short-and-sweet/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys You've just returned from your estate planning attorney's office with a draft of your new Trust. As you read through the document, the first thing you notice is how long it is. You're not rich or famous. Does it really take pages
- [Tax Breaks for the Sandwich Generation](https://austinestateplan.com/estate_planning/tax-breaks-for-the-sandwich-generation/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As our population ages, many of us find ourselves in a role we never quite anticipated: we’re serving as caregivers for our elderly parents while still raising children of our own. The emotional burden is one that most of us accept with
- [Trusts and Income Tax: Who Pays?](https://austinestateplan.com/estate_planning/trusts-and-income-tax-who-pays/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Trusts are an incredibly useful estate planning tool, and they’re becoming ever more popular. But, as Trusts gain popularity, a question comes up more and more often: who pays the income tax on a Trust? It seems like a simple inquiry, but
- [A Quick Guide for Basis](https://austinestateplan.com/estate_planning/a-quick-guide-for-basis/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys The word basis can have a lot of different meanings. When we’re talking about taxes, though, it has one very specific definition. Basis is the yardstick used by the Internal Revenue Service to determine how much tax you pay on an asset
- [What Does It Mean To Be a Trustee?](https://austinestateplan.com/estate_planning/what-does-it-mean-to-be-a-trustee/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys What Does It Mean To Be A Trustee? If a family member or friend has chosen you to serve as Trustee of their Living Trust, you’ve been given a great honor. It means they believe you are honest and responsible and they
- [Avoid These Four Asset Protection Pitfalls](https://austinestateplan.com/estate_planning/avoid-these-four-asset-protection-pitfalls/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys If you have creditors, you should consider which asset protection strategies might be right for you. Asset protection is the shielding of your property from creditors, potential creditors, and others. While most people don’t realize it, the estate planning process includes a
- [Moving? Don’t Forget to Review Your Estate Plan](https://austinestateplan.com/estate_planning/moving-dont-forget-to-review-your-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys A move brings with it a sense of expectation, excitement, and maybe a little trepidation. Whether you’re moving across town or across the country, there are countless plans to be made and there’s a lot of work to be done. Although your
- [Expecting the Unexpected](https://austinestateplan.com/estate_planning/expecting-the-unexpected/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Has your life turned out exactly as you expected? Most of us would answer this question with a resounding “No!” For better or for worse, plans change, surprises arise, and we adapt. Maybe you chose a career that is completely different from
- [The Accidental Spouse](https://austinestateplan.com/estate_planning/the-accidental-spouse/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys John Ober may or may not have thought he was married, but a Montana court certainly believed he was – and the fact that he was married determined what happened to his estate. John Ober and Selma Klein had a long-term live-in
- [I Have an Estate Plan: Do I Still Need My Attorney?](https://austinestateplan.com/estate_planning/i-have-an-estate-plan-do-i-still-need-my-attorney/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Your estate plan is prepared. Your Living Trust is in place and properly funded, you have a Pour-Over Will just in case, and your incapacity plan is ready and waiting in the event you need it. Is it time to part ways
- [Why a Trust Makes Sense - Even If Your Child Is Not a Child](https://austinestateplan.com/estate_planning/why-a-trust-makes-sense-even-if-your-child-is-not-a-child/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Parents of adult children often don't give much thought to the manner in which their children receive their inheritances. They decide how to divide their assets and then distribute their estates directly to their children - end of story. If you want
- [Planning Your Estate With Privacy in Mind](https://austinestateplan.com/estate_planning/planning-your-estate-with-privacy-in-mind/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys What would you think about your next-door neighbor or your nosy sister-in-law thumbing through the pages of your Will or perusing your financial records? The mere idea probably shocks and outrages you. Maybe it even embarrasses you a little. Would you be
- [Your Family Deserves More Than an Estate Plan](https://austinestateplan.com/estate_planning/your-family-deserves-more-than-an-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We all want to do our very best to provide for our families, both during our lifetimes and after we're gone. That is why we work hard, manage our finances carefully, and take estate planning seriously. The estate planning landscape has changed
- [Helping Your Parents Age Gracefully](https://austinestateplan.com/estate_planning/helping-your-parents-age-gracefully/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As you look back over your life, you realize just how much your parents' support has meant to you. They were there as you took your first faltering baby steps, they supported you with advice and encouragement as you navigated adolescence, and,
- [What to Expect When You're Inheriting](https://austinestateplan.com/estate_planning/what-to-expect-when-youre-inheriting/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Who hasn't daydreamed about what they'd do with an inheritance? We imagine a sudden windfall from a long-lost relative and think about the new car we'd buy, the long vacation we'd take, or the beautiful new home we'd move into. In reality,
- [Five Estate Planning Myths](https://austinestateplan.com/estate_planning/five-estate-planning-myths/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Estate planning. It's on everyone's "should do" list, but it rarely seems to make it to the top of the "to do" list. Maybe that's because estate planning is surrounded by myths and misconceptions. People think it's only for the wealthy, or
- [Does a Roth Make Sense for You?](https://austinestateplan.com/estate_planning/does-a-roth-make-sense-for-you/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Since Congress introduced the Roth IRA in 1997, certain retirement account owners have been able to choose between two kinds of accounts with very different features. Whether a Roth is the right option for you depends on a number of factors, including
- [The Estate Tax Is Not the Only Consideration in Estate Planning](https://austinestateplan.com/estate_planning/the-estate-tax-is-not-the-only-consideration-in-estate-planning/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys According to the Center on Budget and Policy Priorities, only the wealthiest one out of every 400 estates owed an estate tax in 2009. For those who may be subject to estate tax, a properly-drafted estate plan can help reduce or eliminate
- [Getting Value Out of Giving with Charitable Trust](https://austinestateplan.com/estate_planning/getting-value-out-of-giving-with-charitable-trust/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Americans are givers. In 2010, we gave more than $290 billion to our favorite causes, with the vast majority of charitable giving, $212 billion, donated by individuals or household donors. Federal tax laws regarding cash gifts to individuals support this generosity and
- [Leaving a Ranching Legacy](https://austinestateplan.com/estate_planning/leaving-a-ranching-legacy/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys No day is typical on a ranch. Things always seem to come up that force you to change your priorities, whether it's a cow in trouble as she gives birth, an implement that needs repairs, or harvesting a crop before the weather
- [There's No Time Like the Present to Review your Plans](https://austinestateplan.com/estate_planning/theres-no-time-like-the-present-to-review-your-plans/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As we retire and get ready for the next stage of our lives, many of us have a plan in place outlining what we wish to leave to our sons, daughters, grandchilden, or other loved ones, or perhaps to charity. It's imperative
- [Make Sure Your Dreams Don't Turn Into Nightmares](https://austinestateplan.com/estate_planning/make-sure-your-dreams-dont-turn-into-nightmares/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Parents dream many dreams for their children. These dreams often incorporate hopes that their kids will get a good education, embrace fulfilling careers, keep their good health, and find happy, stable marriages. Sometimes reality can play out more like a nightmare in
- [Is Your Ex-Spouse Really Out of Your Life?](https://austinestateplan.com/estate_planning/is-your-ex-spouse-really-out-of-your-life/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Divorce is a fact of modern American life. Approximately half of all first marriages fail, and the divorce rate for subsequent marriages can be as high as 73 percent. While divorce is commonplace, it’s not uncommon to overlook some important legal ramifications
- [Choose Your Estate Planning Practitioner Wisely](https://austinestateplan.com/estate_planning/choose-your-estate-planning-practitioner-wisely/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys What comes to mind when you think of estate planning? Perhaps the ideal image is a family relying on an experienced, trusted attorney to guide them through the ups and downs of life, helping them work out the legal issues surrounding illnesses,
- [Look After Your Spouse Even After You're Gone](https://austinestateplan.com/estate_planning/look-after-your-spouse-even-after-youre-gone/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys You and your spouse have worked hard to save for your golden years. But have you planned for a long, secure retirement if one of you outlives the other? Study after study shows that women tend to fall behind men when it
- [Short and Sweet is Not Always Better](https://austinestateplan.com/estate_planning/short-and-sweet-is-not-always-better/) - When you compare a do-it-yourself Living Trust with one that was prepared by a qualified estate planning attorney, one of the first things you’re likely to notice is that the attorney-prepared trust is long. And it might not be so easy to read. There’s a good reason for this. Lawyers don’t write legal documents just
- [Don't be Fooled: Estate Planning Isn't Just for the Wealthy](https://austinestateplan.com/estate_planning/dont-be-fooled-estate-planning-isnt-just-for-the-wealthy/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Maybe it’s the word “estate” that throws so many of us off, but there is something about the idea of estate planning that calls to mind the Warren Buffets and Bill Gates of the world. This tends to lead those of us
- [Practical Strategies for Protecting Your Privacy](https://austinestateplan.com/estate_planning/practical-strategies-for-protecting-your-privacy/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We all have areas of our lives that we prefer to keep out of the public eye. At the same time, each of us experiences intrusions into our privacy, both large and small, during our lifetime and even after death. For instance,
- [Leaving a Lasting Legacy](https://austinestateplan.com/estate_planning/leaving-a-lasting-legacy/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys What is "wealth?" Upon hearing this question, your thoughts might run first to material possessions: money, real estate, and other assets. However, when you really think about it, your true wealth is much more than just your accumulated assets. It encompasses the
- [Estate Planning Without a Crystal Ball](https://austinestateplan.com/estate_planning/estate-planning-without-a-crystal-ball/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys One of the primary reasons for planning your estate is to make sure that your assets go where you want them to after you’ve passed away. If you’re a parent, it’s likely that you’ll want to use your estate plan to make
- [Puppy Love: Planning Your Estate With a Pet Trust](https://austinestateplan.com/estate_planning/puppy-love-planning-your-estate-with-a-pet-trust/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We love our pets. Each year, Americans spend billions upon billions of dollars to make sure that our dogs, cats, and assorted other animal friends are well taken care of. The American Pet Products Association estimates that in 2010, Americans spent more
- [Help! My Attorney No Longer Practices Law](https://austinestateplan.com/estate_planning/help-my-attorney-no-longer-practices-law/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Deb was like most of the rest of us. She was responsible. She took care of herself and her family, got an eye exam once a year, and visited the dentist every six months. She also made sure that she had an
- [Planning Your Estate? Don't Forget Insurance](https://austinestateplan.com/estate_planning/planning-your-estate-dont-forget-insurance/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys The term “estate planning” calls to mind the process of creating a Will, establishing a Living Trust, or naming a Guardian for young children. One piece of the estate planning puzzle that might not be readily apparent, though, is insurance. When it
- [Parenting Your Grandchildren? You Need a Solid Estate Plan](https://austinestateplan.com/estate_planning/parenting-your-grandchildren-you-need-a-solid-estate-plan/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Most grandparents act as caregivers for their grandchildren to one degree or another. For some, it may be watching the little ones while mom and dad enjoy a much-needed evening out, while for others caring for grandchildren may be a long-term arrangement.
- [Helping Your Parents Through Their Twilight Years](https://austinestateplan.com/estate_planning/helping-your-parents-through-their-twilight-years/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Your parents were watching over you, smiling and encouraging, as you took your first tentative steps. As a teenager, they handed you the keys as you took the car out on your own for the first time. They were there with guidance
- [One Big Happy Family: How to Avoid an Estate Dispute](https://austinestateplan.com/estate_planning/one-big-happy-family-how-to-avoid-an-estate-dispute/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Picture this: at the end of your long, fulfilling life, surrounded by your extended, loving family, you say goodbye and peacefully leave this world. And then... your family declares war on each other. Suddenly, family members are unhappy with the contents of
- [10 Essential Estate Planning Facts](https://austinestateplan.com/estate_planning/10-essential-estate-planning-facts/) - Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys "You may delay, but time will not," Benjamin Franklin. Everyone knows that they need an estate plan, but few of us do anything about it. In fact, according to a 2007 study, more than 55% of Americans don't even have a simple
- [Why are Roth's Such a Big Deal?](https://austinestateplan.com/estate_planning/why-are-roths-such-a-big-deal/) - A Roth IRA has some important distinctions from a traditional IRA, and, depending on your tax bracket, your retirement needs, and your estate planning goals, a Roth could be a much better option for you. So, what's the difference between the two types of IRAs? The Traditional IRA A traditional IRA is a "tax-deferred" retirement

## Newsletters

- [Estate Planning News and Updates - July 4, 2023](https://austinestateplan.com/newsletter/estate-planning-news-and-updates-july-4-2023/) - Text articles for the visually-impaired: Estate Planning & Tax Update: Current estate tax exemption rate: $12,920,000.00 Current Texas estate tax percentage: 0.00% (we don't have one!) Massachusetts estate tax: 16% (graduated tax maximum) Current federal gift tax rate: maximum of 40% Federal gift tax exemption: $17,000 for 2023 DJIA as of July 3: $34,395.93
- [Your Estate Matters Newsletter, Vol. 26.2](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-26-2/) - This issue’s articles include: Fair May Not Be Equal Exploring the World…from Home Taking Care of Aging Parents What the ‘Brady Bunch’ Never Discussed Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 26.1](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-26-1/) - This issue’s articles include: Telemedicine Grows Increasingly Popular The Many Faces of Retirement Staying Fit at home Is Your Estate Plan Up to Date? Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 25.4](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-25-4/) - This issue’s articles include: The Science of Happiness The Advantages of Being Over 50 Loneliness Can Actually Be Toxic When Time Is Short
- [Your Estate Matters Newsletter, Vol. 25.3](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-25-3/) - This issue’s articles include: Teaching Children the Value of Money How One Word Can Boost Your Mood by 25 Percent Combating Ageism in the Workplace Do You Have an IRA?
- [Your Estate Matters Newsletter, Vol. 25.2](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-25-2/) - This issue’s articles include: Need to Provide for a Loved One with a Disability? Helping a Loved One Cope The New Faces of Giving Planning for the Possibility of Long-Term Care Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 25.1](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-25-1/) - This issue’s articles include: How to Be Your Own Healthcare Advocate How to Create Your Own Advisor Network Sleep Deprivation Won’t Just Leave You Tired Estate Planning for Blended Families Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 24.4](https://austinestateplan.com/newsletter/your-estate-matters-newsletter-vol-24-4/) - This issue’s articles include: Family Get-Togethers Could Be the Perfect Time to Talk About Your Estate Plan Want to Leave a Lasting Legacy? Tips for Healthier Recipes The 7 Goals of an Effective Estate Plan Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 24.3](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-243/) - This issue’s articles include: Celebrity Estate Planning Mistakes Everyone Can Learn From The Benefits of Lifelong Learning Want to Improve Your Memory? The Grey Divorce Epidemic Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 24.2](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-242/) - This issue’s articles include: Avoid the Opioid Addiction Epidemic Safe Traveling Tips for Seniors Retirement Planning Taking Retirement Distributions Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 24.1](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-241/) - This issue’s articles include: When is the Best Time to Start Planning for Next Year’s Taxes? The Ins and Outs of 529 Plans Scent Preservation Kits? They Really Work Does a Child You Love Have Special Needs? Can You Guess this Legacy?
- [Your Estate Matters Newsletter, Vol. 23.4](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-234/) - This issue’s articles include: Social Media Friends Versus Connecting in Person The Stress Factor Avoid Family Disputes Over Asset Distribution Different Beneficiaries, Different Trusts Guess This Legacy
- [Your Estate Matters Newsletter, Vol. 23.3](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-233/) - This issue’s articles include: Retirement Isn't Time to Slow Down 4 Things You Need to Live a Happy Life 8 Reasons to Focus on Estate Planning Now Estate Planning for Blended Families Legacy: Monty Hall The Best Way to Learn Anything (Optional)
- [Your Estate Matters Newsletter, Vol. 23.2](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-232/) - This issue’s articles include: To Downsize or Not to Downsize With Age Comes Medications Walking is Great for Seniors with Dementia Will You Become a Parent's Caregiver? Legacy: Roger Moore Therapy Dogs in Funeral Homes (Optional)
- [Your Estate Matters Newsletter, Vol. 23.1](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-231/) - This issue’s articles include: How to Protect Yourself from Identity Theft Ready to Move to an Adult Community? If You Had Dementia 7 Things Your Trust Can Do Legacy: Jerry Lewis Trying to Find Highly Rated Health Care? (Optional)
- [Your Estate Matters Newsletter, Vol. 22.4](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-224/) - This issue’s articles include: Student Loans and… Seniors? Want to Enjoy Your Retirement Years with Less Stress? How to Work Well with Younger Colleagues Prepare Because You Care Legacy: Debbie Reynolds Science Says Reading Is Great for Your Health (Optional)
- [Your Estate Matters Newsletter, Vol. 22.2](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-222/) - This issue’s articles include: When Interest Rates Are Low Are You at Risk of "Polypharmacy"? 3 Surprising Things That Increase the Risk of Dementia Planning a Charitable Donation Legacy: Gene Wilder Children Are Often Caregivers (Optional)
- [Your Estate Matters Newsletter, Vol. 22.1](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-221/) - This issue’s articles include: Is Someone You Love Depressed? Preserving the Legacy of the Greatest Generation No Longer Able to Drive? No Problem Your Service Animal is There for You Legacy: Bea Arthur The Best Smartphones for Seniors (Optional)
- [Your Estate Matters Newsletter, Vol. 21.4](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-214/) - This issue’s articles include: Safety for the 21st Century Creating an Alzheimer's Friendly Home 9 Habits of People Who Don't Get Sick Estate planning solutions for dementia Legacy: Dick Van Patten Aging: When Is It Time to Give Up Guns? (Optional)
- [Your Estate Matters Newsletter, Vol. 21.1](https://austinestateplan.com/newsletter/estate-matters-newsletter-vol-211/) - This issue’s articles include: Young Families Managing Prescriptions How to Dispose of Prescription Drugs Properly Flexibility of Trusts Legacy: Rosie the Riveter Using Technology to Keep Track of Valuables (Optional)

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