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Student Loans and Social Security

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If you are counting on Social Security to assist in your retirement, you have something new to worry about beyond the constant political cry that the system will go broke before you can use it. The federal government can withhold a portion of your Social Security check to recover unpaid student loans. They have recently stepped up enforcement of this ability. In 2000, there were a total of six cases of the government withholding from Social Security for student loans. On August 6, 2012, 115,000 … [Read more...] about Student Loans and Social Security

Texas History – When were the First Traffic Laws Passed in Texas?

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1907. According to the 1992-93 Texas Almanac, a few automobiles were in use by 1900. By 1907 there were enough motorized vehicles on the roads that the first traffic laws were passed, limiting speeds to 18 mph and requiring that autos stop when meeting horse-drawn vehicles. Each vehicle had to be registered in the owner’s home county. The state began collecting license fees for cars in 1915. … [Read more...] about Texas History – When were the First Traffic Laws Passed in Texas?

Famous Estates – Legacy Champ or Chump?

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Julius Rosenwald (1862-1932) - Businessman & Philanthropist Julius Rosenwald is best known as a part-owner and leader of Sears, Roebuck and Company and for establishing the Rosenwald Fund, which donated millions of matching funds to support education of African American children in the rural South. Rosenwald and his fund donated over $70 million to public schools, colleges and universities, museums, Jewish charities and black institutions. The rural school program contributed more than four … [Read more...] about Famous Estates – Legacy Champ or Chump?

Pass the Mic and the Guardianship

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Often times, parents with young children disagree over who should be appointed as guardian of their children should something happen to the parents. The husband wants someone in his family to serve in that role, and the wife wants someone in her family. There is no need to fight about it. You can compromise. In this case, you can actually learn a valuable estate planning lesson from a member of the Beastie Boys. Adam Yauch, better known as MCA, passed away in May 2012, leaving behind a wife … [Read more...] about Pass the Mic and the Guardianship

Texas History – What was the Name of the Third Political Party in Texas?

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The People's Party. Farmers and laborers constituted the bulk of the membership of the People's Party in Texas after its formation in 1891. Nationally, the People's Party (known generally as the Populist Party) became the most significant third-party movement in American history. … [Read more...] about Texas History – What was the Name of the Third Political Party in Texas?

Stepchildren and Your Estate Plan

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Estate planning is more difficult today than it used to be because the modern family often includes people that the law does not account for. That's because the law originates from an earlier time when families were different than the are today. One common area where this is seen is with stepchildren. Today, it is not unusual for people to have stepchildren that they have raised from infancy. However, the law does not do a good job of accounting for these stepchildren. In most cases, if you do … [Read more...] about Stepchildren and Your Estate Plan

Texas History – Who Invented the Hamburger?

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America's most purchased and favorite food, the hamburger, was invented by a Texan. The hamburger got its start in the Henderson County town of Athens in the 1880s. Fletcher Davis served up a meat patty topped with mustard, a pickle, and onions, between two slices of bread. The sandwich caught on, and Davis introduced the hamburger at the World's Fair in St. Louis in 1904. … [Read more...] about Texas History – Who Invented the Hamburger?