Wealth Preservation & Transfer Planning Newsletter
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Welcome to the Coats Rose Wealth Presentation & Transfer Planning Newsletter, a resource for timely legal analysis of issues affecting personal wealth, estates and financial preservation. Our Wealth Preservation and Wealth Transfer Planning attorneys assist clients in planning and protecting their futures through designing trust and estate planning and administration strategies that are responsive to our clients' needs, whatever their financial status. This approach combines both testamentary and lifetime planning on a multi-generational basis, and for most clients involves a continual interactive relationship between our lawyers and the client and among other planning professionals such as accountants, insurance agents, corporate trustees, and financial planners.
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Should You DIY Your Will?
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80% of people who fill in blank forms to create legal documents do so incorrectly. Are you going to beat the odds? Are you willing to take the risk?
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Common Estate Planning Blunders to Avoid
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When it comes to checking tasks off your financial to do list, estate planning is probably the last item you’ll get to---if you get around to it at all. Case in point: 64% of Americans don’t have a basic Will!
Included in this article are common pitfalls, so you may be aware and avoid them in your planning.
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Discussing Estate Planning With Your Family
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If you or someone you know has been a beneficiary of an estate, you may have been exposed to the frustration and disagreements that can occur when details of an estate plan are kept secret until a parent dies. According to a recent USB Investor Watch Report, about half of beneficiaries in blended families report dissatisfaction with the inheritance process.
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Upcoming Events & Programs
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Fundamentals of Estate Planning
Did you know that everyone has an “estate” and everyone has an “estate plan?” It’s either lawyer drafted or as mandated by the State of Texas. If you don't want to default to the State mandated rules of who inherits, when they inherit and what they inherit, then you have to design your own plan. Doing an estate plan is the most important legal document you will ever execute. In this informative seminar, we will discuss how to design an estate plan to maximize the preservation, accumulation and distribution of wealth between the generations in the most cost efficient manner while balancing the needs of the family with the tax laws.
Location: Chapter 981 of the National Active Retired Federal Employees
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The Future Direction of Estate Planning 2018
You may be aware that Estate planning has changed once again under the tax bill known informally as the Tax Cuts and Jobs Act (the “Act”), which was signed into law on December 22, 2017. But did you know that the Act doubles the estate tax exemptions to $11.2 Million per taxpayer and offers us an unexpected "window of opportunity" to shift significant wealth off the balance sheet tax free? The Act is the biggest tax overhaul in more than 30 years. Your estate documents will require updates and decedent’s dying unexpectedly with old estate planning documents will undoubtedly cause issues and complications that will need to be solved, including post-mortem planning.
In this informative seminar, and we will explore document updates, plan revisions, and more that you should consider in light of the recent tax law changes.
7:00 PM - 9:00 PM
Hilton Garden Inn Fort Worth Medical Center
912 Northton St. (Fort Worth, Texas 76104)
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Sol S. Reifer
Director
Phone: 214.788.1600
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Coats Rose, P.C.
is a business transaction and litigation law firm based in Houston, with offices in Dallas, Austin, San Antonio, New Orleans and Cincinnati. For more than 30 years, the firm has leveraged its vast legal experience to fulfill clients’ needs in numerous transactions and controversies, spanning real estate law, affordable housing and community development, public finance, commercial litigation, construction/surety law, insurance law, intellectual property, government relations, labor and employment law, mergers and acquisitions, securities law, tax,
wealth transfer planning
and
wealth preservation planning
, and health care.
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Houston | Austin | Dallas | San Antonio | New Orleans | Cincinnati
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Copyright © 2018 Coats Rose, P.C. All rights reserved.
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This communication is for informational purposes only and is not intended to be legal advice. Transmission is not intended to create and receipt does not establish an attorney-client relationship. Legal advice of any nature should be sought from legal counsel.Advertisement Notice. This e-mail may constitute a commercial electronic mail message subject to the CAN-SPAM Act of 2003. If you do not wish to receive further commercial electronic mail messages from the sender, please UNSUBSCRIBE at the link below.
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