On behalf of Johnson Hobbs Squires LLP | Sep 13, 2018 | Estate Planning, Firm News
Losing a loved one is hard enough, but it is worse when you believe someone took advantage of your loved one. Too often, older people fall victim to manipulative individuals that may coerce them into making decisions they would not normally make. Sometimes these...
On behalf of Johnson Hobbs Squires LLP | Jul 31, 2018 | Estate Planning, Firm News
Employee retirement savings plans come in two main varieties: the traditional 401(k) and the Roth 401(k). The benefit of a Roth 401(k) over a traditional 401(k) after retirement is that distributions from a Roth 401(k) are tax-free, but there is a little-known...
On behalf of Johnson Hobbs Squires LLP | Jul 18, 2018 | Estate Planning, Firm News
A U.S. court of appeals has struck down a Department of Labor (DOL) rule that was intended to prevent financial advisers from steering their clients to bad retirement investments.Prompted by concern that many financial advisors have a sales incentive to recommend to...
On behalf of Johnson Hobbs Squires LLP | Jul 17, 2018 | Estate Planning, Firm News
Let’s face it — no one likes to think about death. Especially your own. However, you should start preparing now for that inevitable day, and estate planning is the smartest action you can take for your family’s future. When you start your plan, make...
On behalf of Johnson Hobbs Squires LLP | Jun 19, 2018 | Estate Planning, Firm News
Figuring out how much to save for retirement and when you can safely stop working can be difficult. A growing number of online retirement calculators, many of them free, are available to help. Although these calculators may yield vastly different results, they can...
On behalf of Johnson Hobbs Squires LLP | May 11, 2018 | Estate Planning, Firm News
There can be a lot to take into consideration when you are creating an estate plan. There are lots of moving parts. One thing that can be overlooked is considering appointing a power of attorney.In Texas, the most common type of a power of attorney is called a durable...
On behalf of Johnson Hobbs Squires LLP | May 2, 2018 | Estate Planning, Firm News
While the execution of wills requires formalities like witnesses and a notary, the reality is that a substantial amount of property passes to beneficiaries through other, less formal means.Many banks and investment companies offer payable on death accounts that permit...
On behalf of Johnson Hobbs Squires LLP | Apr 13, 2018 | Estate Planning, Firm News
The main purpose of a trust is to provide resources for loved ones. This can be done during life and after death, though it’s mostly associated with after death. A trust is an entity where a person manages their resources and shares them with next of kin, family...
On behalf of Johnson Hobbs Squires LLP | Feb 20, 2018 | Estate Planning, Firm News
Driven in part by changing cultural mores and surrogate motherhood, older parents are becoming more and more common. Comedian and author Steve Martin had his first child at age 67. Singer Billy Joel just welcomed his third daughter. Janet Jackson had a child at age...
On behalf of Johnson Hobbs Squires LLP | Jan 9, 2018 | Estate Planning, Firm News
The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and represents the most significant reform of the U.S. tax code in over 30 years. Before we get into the details, you should be aware that almost everything listed below expires after 2025, and the tax...
