VA Changes for Pension Qualification — Important Updates

Photo of battered combat bootsLast fall, the Veterans Administration (VA) made changes to applying for pension benefits. To help you better understand how these changes affect veterans and their families, we’ve summarized information in the following article.

If you need help with your VA pension application, we offer a free 30 minute phone meeting with Travis Weaver, an attorney focused on elder law. Call 817-638-9016 today to schedule your free phone appointment to help you decide if legal planning may be of assistance in maximizing your VA pension benefits. 

Calculating Net Worth

When reviewing an application for VA pension benefits, caseworkers in the past have been given a great deal of leeway. Determinations were based on the claimant’s life expectancy and rate of asset depletion as estimated by the caseworker.

The VA has now set a bright-line net worth limit of $123,600. This amount is the maximum community spouse resource allowance (the CSRA) used to determine Medicaid eligibility. As such, it is subject to routine cost-of-living increases.

The new rule should increase the approval rate for claimants seeking VA pension benefits. Under the previous approach, caseworkers often denied benefits to needy veterans. The specific guideline removes a problem with the approval process.

Assets and VA Pension Benefits

The VA also looks at a claimant’s assets when determining eligibility for benefits. The new rule is similar to the old rule in that certain assets are excluded from the asset calculation: the primary residence and personal property.

However, changes were made to the primary residence exclusion:

  • The residential lot area is limited to two acres, unless any additional acreage is unmarketable.
  • Mortgages and other encumbrances will not be used during asset calculation, since the property itself is excluded.
  • The proceeds from the sale of the primary residence must be used to buy another primary residence during the same calendar year.

In terms of asset calculation, the new rule didn’t bring any big surprises or new headaches. The same cannot be said for the changes involving asset transfers.

Asset Transfers and Penalties

Applicants occasionally attempt to reduce their net worth by transferring or spending down their assets shortly before filing a claim. The VA has frowned on this practice but has not enforced regulations prohibiting it.

However, the VA now employs a “look-back” period, which is the thirty-six-month period prior to the date the claim was filed Covered assets transferred within the look-back period may trigger a transfer penalty of up to five years.

The term “covered asset” is now defined as property that:

  • Was included in the claimant’s net worth;
  • Was transferred for less than the asset’s fair market value; and
  • Would have caused the claimant’s net worth to exceed the VA’s limit if claimant had retained it.

Penalties may be assessed for transfers made to irrevocable trusts and annuities unless the claimant is able to access and liquidate the funds. However, an exception was written into the rule to exclude transfers that resulted from “fraud, misrepresentation or unfair business practices” as long as the claimant has reported the incident to law enforcement.

When filing for VA pension benefits, calculate any potential penalty periods before filing a claim. In some cases, waiting until the expiration of the look-back period can minimize the penalty period.

Reducing Income under the New Rule

A claimant’s net worth is the total of assets and annual income. Reasonably predictable non-reimbursed medical expenses may be used to bring a claimant’s income within eligibility limits.

Under the new rule, the VA broadened the scope of allowable medical services to include items and services that “prevent, slow, or ease an individual’s decline.” [section 3.278(c)]. In addition, claimants may include the cost of an independent living facility as a non-reimbursed medical expense.

The increased deduction for reasonable predictable non-reimbursed medical expenses signifies an important change that may pave the way for better care. 

Learn More about the Current VA Pension Benefit Rules

Changes to VA rules have radically affected the way some claimants qualify for VA pension benefits. As we mentioned earlier, if you need help with your VA pension application,  we offer a free 30 minute phone meeting with Travis Weaver, an attorney focused on elder law to help determine if legal advice may be of benefit.  Call 817-638-9016 today to schedule your free phone appointment and learn more about legal planning to help qualify for maximum VA benefits. Our offices are conveniently located Rhome, Flower Mound, and Bartonville

FREE “Ask a Lawyer” Event – Wed., Oct. 23, at 3 pm

Join us for a FREE “Ask a Lawyer” info event on Wed., Oct. 23, answering your questions on legal concerns for those 55+ and their families (details below).
Travis Weaver, attorney focused on elder law, will provide info and respond to your questions.

Seating is limited. Call 817-638-9016 to reserve your space at ICARE Rehabilitation Center, the event location. 
Free "Ask an Atty" event flier

























Wednesday, Oct. 23 – Free event
3 pm – 4 pm

Event Location – ICARE Rehabilitation Center
3100 Peters Colony in Flower Mound
Seating limited! Please call 817-638-9016 to reserve your place

Answering questions and providing info about legal concerns for those 55+ and their families/caregivers including
Qualifying for Medicaid-paid Nursing Home Care
Wills & Probate
Power of Attorney
Special Directives
FAQ time for your 55+ legal questions

Can’t make it to a session? Call Travis Weaver, attorney, at 817-638-9016 for a free 30 minute phone meeting about legal concerns for those 55+. 

New office in Flower Mound! We’re proud to now help clients needing an elder law attorney in Flower Mound, Bartonville, Lantana, Argyle, and the surrounding area. 

Flower Mound Office Location
4315 Windsor Centre Trail, #500
Flower Mound, TX
(Shared with Chenault Law Firm)

Bartonville Office Location
Bartonville Town Center
2648 FM 407, Suite 215 F
Bartonville, TX 

Wise County – Pricipal Office Location 
(about 15 minutes from Denton, Decatur, and Fort Worth)

101 W. First St.
Rhome, TX 






FREE Info Event – Ask an Attorney – Legal Issues at 55+ — Adult Children Welcome

Join us for a FREE info event answering your questions on legal concerns for those 55+ and their families. Travis Weaver, attorney focused on elder law, will provide info and respond to your questions.

Looking forward to seeing you on Wednesday, Sept. 18! Seating is limited. Call 214-285-3200 to reserve your space at Hollymead Continuing Care in Flower Mound, the location for the info sessions.  Check out detailed info on the flier below. The information is also repeated directly below the flier for your convenience.




















Wednesday, Sept. 18 – Free event
1st Session   4:30 pm to 5:30 pm
2nd Session  6:30 pm to 7:30 pm 

Hosted at Hollymead Continuing Care
4101 Long Prairie Rd in Flower Mound
Seating limited! Please call 214-285-3200 to reserve your place

Answering questions and providing info about legal concerns for those 55+ and their families/caregivers including
Power of Attorney
Special Directives
Wills & Probate
FAQ time for your 55+ legal questions

Can’t make it to a session? Call Travis Weaver, attorney, at 817-638-9016 for a free 15 minute phone meeting about legal concerns for those 55+. 

New office addition in Bartonville! We’re proud to now help clients needing an elder law attorney in Flower Mound, Bartonville, Lantana, Argyle, and the surrounding area. 

Main office in Rhome (about 15 minutes from Denton, Decatur, and Fort Worth). 





New! Celebrating 25 Years – Additional Office Opens in Bartonville

Our gratitude for the privilege of helping families with legal issues and estate planning in north Texas  for 25 years is beyond words–that’s why we created this heartfelt video! We’re delighted to celebrate with the opening of a convenient second office for Weaver Firm – Attorneys.  Although we’re excited about adding a second location, our original office in Rhome, about 15 minutes from Decatur, Fort Worth, and Denton, remains our principal office.   

The new location at Bartonville Town Center is open on Fridays from 9 am to 5 pm and other week days by appointment.  Feel free to call 817-638-2022 to schedule an appointment at this new, easily accessible location. 

Directions to the new Bartonville office for Weaver Firm – Attorneys

Bartonville Town Center

2648 FM 407,  Suite 215 F

  • Use elevator to go to 2nd floor
  • Exit right from elevator
  • Go left down long corridor – Enter Suite 215
  • Go past lobby
  • Turn right at end of hall
  • Suite F is on the left





What’s a Revocable Trust? Why Should I Consider This Legal Tool?

Protect your estate with a revocable trust

If you have a large amount of assets, children from different marriages, or own a business, your estate planning attorney may recommend a revocable trust.

Forbes’ recent article, “Revocable Trusts And Why Should You Consider One,” explains that a revocable trust, also called a “living trust” or an inter vivos trust, is created during your lifetime. On the other hand, a “testamentary trust” is created at death through a will.

A revocable trust, like a will, details disposition provisions upon death, successor and co-trustees, and other instructions. Upon the grantor’s passing, the revocable trust functions in a similar manner to a will.

Advantages to a Revocable Trust

  • A revocable trust is a flexible vehicle with few restrictions during your lifetime.
  • You usually designate yourself as the trustee and maintain control over the trust’s assets.
  • You can move assets into or out of the trust, by re-titling them. This movement has no income or estate tax consequences.
  • It is not a problem to distribute income or assets from the trust to fund your current lifestyle.
  • A living trust has some advantages over having your entire estate flow through probate. The primary advantages of having the majority of your assets avoid probate, is the ease of asset transfer and the lower long term costs to your estate.
  • A revocable trust provides privacy. A probated will is a public document that anyone can view.
  • Provides for the possibility of future diminished legal capacity, when it may be better for another person, like a spouse or child, to help with your financial affairs. A co-trustee or successor trustee can pay bills and otherwise control the trust’s assets. This can also give you financial protection, by eliminating the need for a court-ordered guardianship.

Do I still need a will? Even with a revocable trust, you still need a will. A “pour over will” controls the decedent’s assets that haven’t been titled to the revocable trust, intentionally or by oversight. These assets may include personal property. This pour-over will generally names the revocable trust—which at death becomes irrevocable—as the beneficiary.

There are many different strategies available to protect your family and your property. At the Weaver Firm – Attorneys, we’re glad to visit with you about ways to ensure your estate plan follows the proper formats and procedures. We can also help you clarify your goals and make sure that your plan puts them into action, after your death or if you are no longer able to make your own decisions.

Give us a call at 817-638-9016 to schedule an appointment. We also offer a free 15-minute phone meeting with Travis Weaver, attorney, as an opportunity for questions and answers. We look forward to helping your family make plans for the future today.





Ask an Attorney – Free Info Sessions – Friday, June 14, in Decatur

You can qualify for Medicaid nursing home benefits regardless of your income.

Free “Ask an Attorney” info sessions with Travis Weaver, attorney focused on elder law.

Join us! Learn about qualifying for Medicaid nursing home care benefits while keeping many of your assets. Plus, ask questions of Travis Weaver, attorney focused on elder law. Check out details and reservation info for your choice of two free sessions described below: 

Friday, June 14 

Travis Weaver, Attorney - Speaker
Focused on Elder Law

How to Qualify for Medicaid Benefits
To Pay for Nursing Home Care
Info Session Provides Answers
--Qualify Regardless of Your Income

--Keep Your Home, Car, & More

--Q & A Opportunity for Your Questions

Sessions at Decatur Medical Lodge 

701 W. Bennett Rd. in Decatur, Texas

3:00 pm – 4:00 pm    First Session

4:30 pm – 5:30 pm    Second Session

701 W. Bennett Rd in Decatur, Texas

Seating limited for Decatur presentation. Please call 940-626-2800 to reserve your place.

Unable to attend an info session? Give us a call for a free 15-minute phone meeting
If you're unable to attend a session, we offer a free 15-minute phone meeting to answer your questions about Medicaid benefits
for nursing home care. Schedule your phone meeting today by calling 817-638-9016. We're looking forward to visiting with you.

Travis Weaver and Rick Weaver, attorneys with Weaver Firm - Attorneys, serving Wise County, Denton County, and Tarrant County
Travis Weaver (left) and Rick Weaver bring you and your family deep legal experience
in elder law, wills and probate, and real estate/business law.

Add Digital Planning to Your Will Update Checklist

computer photo

We’re all living in a digital world. From ranting on social media to ranting in emails to ranting at your bank over the internet, your digital life needs to be part of your will or estate plan–now more than ever before.

Most of you have wills or trusts. If you don’t…why not? Let’s assume you do. Those documents were probably drafted in a time without social media, the cloud, maybe even e-mail.


Digital estate planning includes–

  • Computers
  • Smartphones
  • Stored files or data (on your devices or in the cloud)
  • Online accounts like Facebook and LinkedIn

You’ll want to plan for care and possession of these items in your will or estate plan–stating who should get the items and, just as important—who should not.  

Your executor and your heirs are likely to run into trouble if you don’t have a digital estate plan, advises a recent Morningstar article, “Do You Have a Plan for Your Digital ‘Estate’?”

For example, social media accounts may also still be up and running. We personally had a family member who passed away with an active Facebook page. De-activating the account took us over a year and hours and hours and hours of legwork.

Steps to update your will or estate plan

  • Conduct a digital fire drill. This will jog your memory about which digital assets you deem important.
  • Consider the following questions:
    • What valuable items would you lose, if your PC, tablet, or other device were lost or stolen?
    • If you’re in an accident, would your family be able to access your significant digital information?
    • If you died today, to what digital property would you like your loved ones to have access?
  • Make an inventory of the digital assets you named during the fire drill. Include user names and passwords. I usually like this inventory to be in written form, but a digital copy is ok–as long as your family can access your computer. Your digital inventory may include these items and more:
    • Computers
    • Smartphones
    • Data-storage devices or media (portable hard drives, thumb drives, etc.)
    • Cloud-stored files and folders
    • Social media accounts
    • Domain names 
    • Intellectual property in electronic format
  • Keep this document safe in a fire-proof safe
  • Remember to back up all your data
  • Formally designate a digital executor so that someone will make sure that your digital assets are managed according to your wishes.
    • You may need to provide this person with a special power or authorization to deal with certain digital assets, like cryptocurrency.
    • Be sure that your will includes a list of specific digital assets and what you want the digital executor to do on your behalf.
    • Finally, be sure this person is fairly tech savvy.

If you have more questions about digital estate planning, give us a call at 817-638-9016 today! Or, check out our detailed information about wills and trusts

Travis Weaver, Attorney
Weaver Firm – Serving Wise County, Tarrant County, Denton County and the surrounding area
Travis Weaver, Attorney



Top 3 Retiree Tax Mistakes

Many things change when you retire. Don’t let taxes spoil your retirement.

Tax planning is different after retirement. You might think that a lower income level and fewer deductions will lead to a care-free tax season. Unfortunately, taxes are just as unforgiving in retirement as they are pre-retirement.

You need to understand how retirement benefits and investment returns are impacted by federal and state laws. 

Prevent Top 3 Retiree Tax Mistakes
According an article in Kiplinger, “3 Tax-Planning Mistakes Retirees Too Often Make,” these are the three most common mistakes:

Tax Loss Harvesting
Tax loss selling means selling a capital asset, like a stock, for a loss to offset a gain realized by the sale of other investments. The result is that the investor avoids paying capital gains on recently sold investments. Retirees with stock holdings should review their holdings every year to determine their market exposure and any tax consequences of selling stocks with substantial capital gains.

Unfortunately, the tax code isn’t very beneficial to stock losses. Stock losses can be used to offset gains.  However, if you have excess losses over gains, you can only take an extra $3,000 annually to offset other income. If your loss is more than $3,000, you can carry it forward into future years. If your loss is big, you could be waiting some time to realize the full advantage of this. Work with a CPA or a tax professional on a fully maximized tax strategy.

As Kenny Rogers says, “you’ve got to know when to hold ‘em”

Too Small Income Distributions
While many experts work on how to limit required minimum distributions (RMDs), there are some good reasons for taking larger distributions. With a lower income, retirees may discover they’re in a lower tax bracket and they want to minimize their tax burden. However, they don’t see what can happen when they die: the money in their IRAs get passed on to their beneficiaries as an inherited IRA. Alternatively, the recipients can elect to take a complete distribution of the IRA and get hit with income tax on the whole thing! New tax laws may get rid of some of this burden, so stay tuned for updates from us!

Taxes on Social Security
It’s not uncommon for people to think that Social Security isn’t taxable. Unfortunately, the IRS is out to get retirees as well. Here’s how it works:

  • Retirees with minimal income won’t pay federal taxes on their benefits, but if they have additional income, there will be a percentage that’s taxable. Minimal usually means under $25,000.00 in a year.
  • If the income is less than $25,000 for single filers or $32,000 for joint filers, your benefits are all tax-free.
  • If the provisional income is between $25,000 and $34,000 as a single filer or between $32,000 and $44,000 as a joint filer, you’re taxed on up to 50% of your Social Security benefits. But if your provisional income exceeds $34,000 as a single filer or $44,000 as a joint filer, you’ll be taxed on up to 85% of your benefits.
  • To protect your retirement income and savings, every year should begin with a review of taxable income to see how it will impact your Social Security benefits. That includes evaluating your tax bracket. 

Talk With an Expert
As a good start for 2019, we recommend you talk with a financial planner or CPA about your retirement tax outlook.

If we can help you with creating trusts, updating your will, or other legal tools to better plan for your retirement and take care of your loved ones, give us a call at 817-638-9016 to schedule an appointment. Happy New Year! 

Travis Weaver, Attorney
Weaver Firm – Attorneys Serving Wise County, Tarrant County, Denton County, & Surrounding Area

Travis Weaver, Attorney

Guardianship & Other Solutions for Helping Those Who Cannot Help Themselves

Are you considering a guardianship for someone who may be having trouble caring for their own needs? In certain situations, alternatives to guardianship are the best and most cost-effective solutions to help someone who cannot help themselves. These alternatives include power of attorney, supported decision king agreements, management trusts, and non-legal solutions involving psychological help and family care.

Even if someone is being abused, neglected or exploited, they may not need a guardian. A complaint can be made to Adult Protective Services at 1-800-252-5400.

If the person is in a nursing home or other facility, a complaint can be made to the Texas Department of Health and Human Services at 1-800-458-9858. If the person is in a facility and their rights are not being respected, a complaint can be made to the Texas Long-Term Care Ombudsman at 1-800-252-2412.

Guardianship Process

If the alternatives don’t work, even with supports and services, it may be necessary for someone to be placed under a guardianship.

Every guardianship application must be accompanied by a Physician’s Certificate of Medical Examination. This should be completed by neurologist or psychiatrist and, ideally, by someone who knows the person well. If the person will not agree to see a doctor, the Approved Guardianship Attorney can apply for an Independent Medical Examination.

If you do not want to be the guardian but think that a guardian is needed, you can ask the probate court to look into the matter by sending a Court-Initiated Guardianship Information Letter.

Guardianship Attorney
If the person does need a guardian, the application must be brought by an Approved Guardianship Attorney. Some probate and county courts have lists. There is also a list on the State Bar of Texas website.

While an Approved Guardianship Attorney may only be registered in one county, many practice in surrounding counties as well. Texas also requires a JBCC registration which can be found here. (

We’re glad to help you better understand your options for guardianship or a different solution for someone who cannot care for themselves. We have deep experience in these matters and can help you navigate these legal waters. Give us a call to schedule an appointment today at 817-638-9016.

Types of Guardianship

Guardianship of the Person
Guardianship of the person is often sought when a person with an intellectual or developmental disability turns 18 or when a person with dementia refuses to stay in a memory care facility or nursing home. In the case of a person with intellectual or developmental disabilities “aging out” or turning 18, Texas law requires evidence of a need for guardianship. A small bond is required.

This solution may allow the guardian to decide:

  • where the person lives or works
  • who they marry
  • application for a mental health detention (with immediate notice to the probate court)
  • the right to vote is usually preserved, but not the right to carry a gun

Guardianship of the Estate
Guardianship of the estate (also called, “conservatorship”) may be needed when the person has more than Social Security in income or a lot of assets but can no longer manage their finances and does not have an agent under a Durable Power of Attorney or has an untrustworthy agent.

If the person only receives Social Security benefits, someone may be appointed their representative payee, avoiding the expense and trouble of guardianship. A bond is required based on the person’s yearly income and total assets. Every year a guardian of the estate must present a sworn accounting, complete with receipts.


Travis Weaver, Attorney

Travis Weaver, Attorney

2018 Year-End Tips for Financial Planning

If you haven’t looked at year-end financial breaks, I have news for you–the time is NOW!
Here’s a quick list of important tax-cutting or planning actions to take before Dec. 31, 2018! 
–Update your will to find tax breaks or fix tax consequences before year-end
–If you’re a veteran, talk to a lawyer before giving away money or property–especially if you need assisted living care
–Donate gifts of cash or stocks to your favorite charities now
–Assess business changes to cut taxes now or push taxable decisions to 2019

Read more below for explanations on actions needed before Dec. 31, 2018.

Why update your will before Dec. 31?
Reveal tax breaks or deal with tax problems before year-end deadline

New baby or grandbabies? You now have another potential tax deduction. But, remember– anyone under the age of 18 cannot inherit property in Texas. We recommend you place any inheritance for minors in a testamentary trust in your will. This helps you avoid guardianship issues and allows you to specify the age of inheritance (age 25, age 30, or older).

Happily married again? Congratulations! Divorce? It happens. Your tax status can change with with either of these life events. As far as your will–make sure the new spouse is the beneficiary on all your documents. Or, name someone else as beneficiary if you’re now free of a spouse. Too often we see estate plans where an ex-spouse is still a primary beneficiary. Staying friends is one thing . . .but inheritance?

Move to Texas recently or move away? Different states mean different tax and probate rules. State income tax factors into your tax return. You may need to file separate returns for different states. Your will should reflect your new place of residence to avoid costly probate. For example, California probate is difficult and expensive. Texas probate is straightforward and cost-effective by comparison. While Texas allows valid wills from other states to be presented in a probate case, we always recommend new Texas wills for clarity and to cover any issues which may have arisen in the last few years.

Inherit property or purchase a home in another state? This change almost always affects your tax situation and likely has probate consequences for your will. No one ever said, “I want to probate a will in two states.” If you have valid Texas estate planning, these documents cover any and all property you own in Texas. If you own property outside of Texas, especially real estate, we recommend placing this property in a simple revocable trust. This avoids multi-state probates and allows you to transfer the property seamlessly without further court involvement.

Buy or sell a big item? Maybe you finally bought that boat you’ve always wanted. Don’t forget to invite us on your next trip! Just kidding–kinda. If this is for personal use, it probably won’t qualify as a tax deduction. But, maybe the boat can be used in part to entertain clients? Let’s talk. This asset definitely should be added to your will along with designating what happens to it if you’re not around.

Is your will’s executor still a good choice? This decision may affect your taxes and far more–your entire family’s inheritance or anyone else designated to benefit from your will.

Let me give a good example. Let’s say you are an elderly gentleman and you have a nice new friend named Anna Nicole Pith. This friend is quite a bit younger than you and is kind enough to offer to serve as your executor. Now let’s say this friend starts borrowing money from you and maybe even steals a car or boat from you. We recommend finding a new executor. If you don’t trust the people named in your documents, find new people. Don’t have ideas? Ask us to brainstorm for you.

Why should I care about the VA’s rule changes for long-term care?

You should care because your decision to give away money or property before Dec. 31 could mean you or your spouse won’t qualify for long-term nursing home care or assisted living benefits. This year VA long-term care benefits changed to require a three-year look-back period for aid and attendance to veterans or their spouses who are in nursing homes or assisted living facilities. The rule change also affects those who need help at home with everyday tasks like dressing or bathing. This means that moving assets during the three years prior to applying for these benefits could affect your eligibility. 

In addition, a new net worth maximum of $123,600 has been established.

The new rules are similar to Medicaid in their requirements and similar types of financial planning using trusts and other property transfer tools are still available.

You may benefit from meeting with an attorney to discuss the ways to transfer your property or money and still qualify for VA long-term care or assisted living benefits.

Here are the basics:

  • Applicants are required to disclose all financial transactions within the three years prior to submission of the application.
  • Applicants who transfer assets to put themselves below the net worth limit within three years of applying for benefits will now be subject to a penalty period. During this penalty period, the applicant will not be eligible for VA benefits. This can last as long as five years.
  • There are limited exceptions to the penalty period for fraudulent transfers and for transfers to a trust for a disabled child.
  • Gifts count towards this penalty period. 
  • Taking your name off of bank accounts also counts as a gift or unqualified transfer of assets for VA and Medicaid purposes. 

Basically, if you think you have a new trick for getting rid of assets, the VA and Medicaid case workers have seen it before. To learn more, check out our detailed article on this subject or call 817-638-9016 to schedule an appointment

Do I have to give a charitable gift before Dec. 31?
Yes, you do–if you want a tax deduction. Here’s the IRS break down:

How charitable giving tax deductions work
You can deduct contributions in the year you make them. If you charge your gift to a credit card before the end of the year it will count for 2018. This is true even if you don’t pay the credit card bill until 2019. Also, a check will count for 2018 as long as you mail it in 2018.

Wait! There’s more! Gifts of money include those made in cash or by check, electronic funds transfer, credit card and payroll deduction. You must have a bank record or a written statement from the charity to deduct any gift of money on your tax return. This is true regardless of the amount of the gift.

Gifts of stock require more detailed planning. Let us know if you want to give away stock as you need to understand the most beneficial way to handle this transaction—for your own tax consequences and to best benefit the charity. If you need help in planning stock or property sales for maximum tax benefits, call us at 817-638-9016 for an appointment with an estate planning attorney. 

Why Do Business Changes Matter?
Assess Before Dec. 31 & Avoid Unexpected Tax Outcomes

Ask yourself the questions below to do a quick assessment of your business changes over the past 12 months. If “YES!” is the answer to any of them, you may need to talk with us or your CPA about tax consequences. And, you may need to update your will:
• Buy or sell a business?
• Get a new partner or dissolve a partnership?
• Buy or sell business assets including property, buildings, equipment, cars, etc.?
• Declare bankruptcy?
• Make tons of money with your new business idea?
• Added new staff—possibly some relatives?

Make sure your estate plan matches the current state of your business. We want your wills, trusts, power of attorneys, and more to match your business plan in a seamless transition plan.

Need help? Call our office at 817-638-9016 to schedule an appointment.  

Wishing you peaceful and relaxing holidays,

Travis Weaver, Attorney