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Baby Boomers and Estate Plans

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Many Baby Boomers are just now reaching the point where they are thinking about retiring and leaving inheritances for their children. Unfortunately, they are often finding it difficult to make plans because they have to care for their parents. The parents of Boomers did not expect to live as long as they are, and as a consequence they did not plan for it. When they run out of money, they often look to their Boomer children for help. The need to take care of their parents leaves many Boomers … [Read more...] about Baby Boomers and Estate Plans

Texas History – Who was the Confederate Commander in the Battle of Sabine Pass?

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Lieutenant Dick Dowling was the commander of Fort Griffin on September 8, 1863 when the federal forces under the command of General Nathaniel P. Banks appeared off the Sabine Pass with an invasion fleet of twenty (20) vessels transporting 5,000 troops. Dowling and his men had driven stakes in the mud besides channels in the Sabine estuary to establish exact ranges for their weapons. In the ensuing battle when the six big guns fired 137 times in forty-five minutes, defenders turned back the … [Read more...] about Texas History – Who was the Confederate Commander in the Battle of Sabine Pass?

Amending Your Parents’ Estate Plans

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Many wealthy people wish they could amend their parents' estate plans after their parents pass away. Few know that they can. What often happens is that a wealthy person's parents will leave a large estate to someone who does not need it. The estate will be subject to the estate tax. The wealthy person who inherited the estate will then just keep the assets and leave them to his or her own children eventually. The same assets will be subject to the estate tax again. The way around this double … [Read more...] about Amending Your Parents’ Estate Plans

After Getting a Trust

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Have you considered what to do after you get a Revocable Living Trust? If you are like most people who have estate plans, than you probably do have a Revocable Living Trust. However, you need to have a plan in place for what comes next. Just getting the Trust itself does not do anything unless you follow through with a more complete plan. The first thing you need to do is to fund the Trust. You need to transfer your assets to the Trust. The attorney who drafted the Trust for you probably told … [Read more...] about After Getting a Trust

Texas History – When did Texas Adopt the Ordinance of Secession?

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February 1, 1861. By a vote of 166 to 8, the Secession Convention adopted the Ordinance of Secession. Texas became the seventh state after Carolina, Mississippi, Florida, Alabama, Georgia, and Louisiana to sever its ties to the Union. Arkansas, Virginia, Tennessee, and North Carolina later rounded out the eleven (11) states of the Confederate States of America. … [Read more...] about Texas History – When did Texas Adopt the Ordinance of Secession?

Do Not Limit Your Options

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Most people do not have a difficult time determining what they want to happen with their property and assets after they pass away. You know who you want to have your stuff. For this reason, some people decide that they can make their own estate plans. They purchase a Will from an online source and fill in the blanks. However, there is a problem with that line of thought: estate planning is not about who you want to have your stuff. Estate planning is about how to go about giving people your … [Read more...] about Do Not Limit Your Options