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The Woodlands: 936-273-2773
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July 2013 Archives

How changes to the law affect portability

Texas residents may have heard of some changes to estate planning law that went into effect at the beginning of 2013, and they may wonder how the changes could affect them. The American Tax Relief Act of 2012 was passed by Congress and signed into law by President Obama on Jan. 2. One of the most important provisions of this new law is that it takes temporary portability between spouses and makes it permanent. Understanding portability can be essential to estate planning.

Gandolfini's estate may be hit with hefty estate tax bill

James Gandolfini left behind a $70 million dollar estate; however, the government may be getting a hefty 40 percent of that amount, which adds to up to $30 million in taxes. The actor drew up his last will and testament just six months before his death, and, because of his generous gifts to his sisters and infant daughter, they may be getting less than the actor wanted them to receive.

What to do with inherited debt

Many older Americans find themselves in debt because of falling housing prices, and debt incurred with credit cards and student loans that were taken to help their kids through college. Texas families may be curious to know what happens to this kind of debt when the holder of it dies. The answer varies based on the type of debt andestate planning.

We Believe in Client Satisfaction Here is what our clients say about our hands-on approach to elder law and estate planning.

  • Thank you for your caring expression of sympathy. But more importantly, I want you to know how much your warmth as human beings has been palpably present in all the social and business intercourse we have experienced with you. Your willingness to allow yourselves to be completely human as you ply your trade adds a dimension to your professional stature which is unparalleled by most of your profession. Please don't change. You stand head and shoulders above the crowd. - L.T
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  • Very helpful in a family time of need. Excellent staff and service. After dealing with the State I have no idea how anyone could take this journey without the law firm's services. - L.N.
  • The firm did all things especially well. I was always impressed by the competent manner in which everyone worked and was confident that it would be "mission accomplished..." – J.T.
  • No detail was overlooked. Everything went very well. We feel so fortunate that your firm is well informed, capable and willing to do so much for us. I can't thank you enough for everything! - N.C.
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Contact Our Texas Elder Law Attorneys Today We have 3 locations to better serve you. Contact our office closest to you.

Bellaire Office
4949 Bissonnet Street
Bellaire, TX 77401

Phone: 713-660-9595
Fax: 713-660-8889
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Bellaire Office

The Woodlands Office
3117 College Park Drive, Suite 240
The Woodlands, TX 77384

Phone: 936-273-2773
Fax: 713-660-8889
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The Woodlands Office

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1055 Deer Haven Road
Carmine, TX 78932

Phone: 979-278-4095
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