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If you’ve accumulated significant wealth in your lifetime, you probably want to preserve as much of that wealth as possible for future generations, not hand it over to the IRS. There are many types of trusts and other estate planning tools that can help you avoid significant tax liability, and one of them is the generation-skipping trust (GST). […]

Starting a business in Texas is an exciting venture, and choosing the right structure can set you up for success. If you’re considering creating an S Corp in Texas, you’re likely looking for tax advantages and liability protection. At Hunger Sargent, PLLC, we guide entrepreneurs through S Corp planning to help your business thrive. In our guide, we […]

Holographic wills are written in the testator’s own handwriting. Because they don’t have to be notarized or even witnessed, courts tend to look very closely when determining a holographic will’s validity. Getting a handwritten will successfully through probate can be difficult, and it’s not ideal. However, an experienced estate planning attorney can simplify the process […]

You’ve worked hard for what you have. Understandably, you may be uncomfortable with the idea of giving someone else control of your assets. But what happens if you’re suddenly incapacitated and unable to manage any of your financial affairs? If you have a financial power of attorney, a trusted person will step in to handle your […]

Whether you’re creating a plan for the first time or updating an existing one, estate planning can be stressful. There are more estate planning tools than many people realize. An experienced attorney can help you select which ones work best. One especially effective estate planning tool is the enhanced life estate deed, more commonly known […]

A holographic will is a last will and testament that’s been entirely handwritten and signed by the testator (the person creating the will). While it’s generally considered best to draw up a traditional will as a part of a complete estate plan, a holographic will is a viable alternative if someone can’t feasibly create a […]

A will is far from the only available estate planning tool. However, no matter how vast or how small your estate may be, your will serves as a kind of roadmap. When most people think of a will, they imagine a formal document completed with the help of an attorney and notarized. However, handwritten wills […]

When the average person imagines estate planning tools, they think of wills and trusts. However, as any estate planning attorney can tell you, there’s a wealth of property transfer vehicles and other tools to simplify asset distribution and protect your loved ones from the threat of creditors. One of the most useful tools out there […]

If you’ve amassed significant assets during your lifetime, you likely want to preserve that wealth for future generations. However, depending on the kinds of assets you want to pass down, transferring wealth may result in a significant tax liability. Creating a trust might be the best way to maximize the tax efficiency of any transfer […]

There are many kinds of trusts, and most are useful estate planning tools. Generation-skipping trusts are a way for grantors (those who establish trusts) to preserve family wealth for future generations by “skipping” over the next generation. This strategy may help reduce overall tax liability, as the trust is only taxed once. However, generation-skipping trusts […]