Section 101 of the Internal Revenue Code generally provides that life insurance policy proceeds received by a beneficiary after the death of the insured are exempt from federal income tax. However, some important exceptions exist. Additionally, the proceeds may potentially be subject to state probate proceedings depending on the policy terms and beneficiaries. Life Insurance...KEEP READING

Hiring a probate attorney in Texas is generally necessary when administering a probate estate. This is due to a combination of Texas law, which requires representation of the interests of beneficiaries and creditors, and the complexity of the state’s probate laws. Administering a Probate Estate in Texas In Texas, probating an estate involves shepherding assets...KEEP READING

When it comes to selecting a Texas probate attorney, there are many things to consider. Probate is the legal process of administering an estate after someone passes away and involves complex and detailed work. You need an attorney who understands your needs, is knowledgeable about Texas law and has the experience necessary to handle your...KEEP READING

The IRS has announced that it will be increasing the estate and gift tax exclusions for 2023. This means that more money can be passed on to heirs without being subject to taxes. For those who are planning their estates, this is good news. However, it also means that more people will be subject to...KEEP READING