FAN LAW OFFICE

For many Texas retirees, the family home is the largest single asset they own. It's also, for most families, the one asset most likely to cause problems at death — if it's not properly planned for. The core question is simple: when you die, how does your home pass to your family? The answer depends entirely on how the property is titled and what documents you have in place. If your home is titled in your name alone and you have only a will, it will go through probate — a cour

Estate planning has a procrastination problem. Most people know they need a plan. Very few actually have one. Here are the five most common reasons — and why none of them hold up. Myth 1: 'I'm too young.' Fact: Incapacity and death don't have minimum age requirements. The 2021 Census found the leading cause of death for adults under 45 is accidents. A 25-year-old needs a healthcare directive and a power of attorney. Full stop. Myth 2: 'I don't have enough assets.' Fact: Estat

Every fall, the IRS releases updated numbers that quietly shape how families can pass wealth to the next generation. For 2026, the announcement brings significant good news — and an important change that makes this year's update especially notable. The 2026 Numbers The annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as 2025. The estate and gift tax exemption will be $15 million per individual — up from $13.99 million in 2025. A married couple

Each fall, the IRS releases updated gift and estate tax figures for the coming year. The 2025 numbers bring welcome increases — but they also come with an important warning that every family with assets should understand. The 2025 Numbers The annual gift tax exclusion is increasing in 2025 to $19,000 per recipient — the highest exclusion amount ever — up from $18,000 in 2024. The estate and gift tax exemption will be $13.99 million per individual for 2025 gifts and deaths, up