McGee Law DFW

Paving the Way for Your Grandchildren’s Millionaire Retirement: Hard work and perseverance have rewarded you with a life of comfort—a stark contrast to the humble beginnings you may have come from. Life is good with a loving family and a sense of financial security. Reflecting, you recall the bustling days of raising your children, wishing you could have relished those moments more. Now, […] The post Paving the Way for Your Grandchildren’s Millionaire Retirement appeared first on McGee Law Firm.

The Role of an Executor: Asset Valuation: The role of an Executor, also known in some jurisdictions as a Personal Representative, encompasses a range of time-intensive and challenging tasks. Among these tasks is the critical responsibility of ascertaining the value of all assets within the deceased’s estate. This valuation serves two key purposes: it determines the estate’s tax liability to state and federal […] The post The Role of an Executor: Asset Valuation appeared first on McGee Law Firm.

Mental Capacity in Estate Planning: As Americans enjoy longer lifespans, the shadow of mental incapacity looms larger, with Alzheimer’s Disease affecting over 6 million in the U.S. alone. Indeed, the National Institute on Aging reports that half of those over 85 years old are living with Alzheimer’s, though it’s just one of many conditions that can impair mental capacity. Understanding mental […] The post Mental Capacity in Estate Planning appeared first on McGee Law Firm.

Navigating Asset Protection in a Litigious World: In today’s increasingly litigious society, protecting your assets has never been more crucial. Everyone is susceptible to potential legal claims, whether from everyday activities, your profession, or the assets you own. A simple accident or a professional oversight can expose you to claims that threaten your financial stability. For instance, you might face liability from […] The post Navigating Asset Protection in a Litigious World appeared first on McGee Law Firm.

The Critical Need for Disability Planning in Estate Planning: Estate planning often centers on the critical question of what happens after death. However, an equally, if not more important, consideration is planning for the possibility of disability. With the increase in life expectancy and the aging population, the risk of becoming disabled through illness, injury, or simply the natural progression of age is more […] The post The Critical Need for Disability Planning in Estate Planning appeared first on McGee Law Firm.

Learn About 3 Tools to Include In Your Incapacity Plan: Although it’s not pleasant to consider, the sad reality is that disability can happen to anyone. Let’s look at tools you want include in your incapacity plan. In fact, according to the Centers for Disease Control and Prevention, more than one in four people in the United States have some kind of disabling condition.  In […] The post Learn About 3 Tools to Include In Your Incapacity Plan appeared first on McGee Law Firm.

Avoid These 5 Big Trust Mistakes: A trust can be an important part of an estate plan. Trusts have valuable benefits both for you and your loved ones. Unfortunately, many people do not understand how they work. This can lead to costly mistakes that undermine your efforts to create your legacy.  You don’t want trust mistakes to cost you the chance […] The post Avoid These 5 Big Trust Mistakes appeared first on McGee Law Firm.

Who Can You Turn to When Your Brother Doesn’t Do His Job?: Most Estate Planning attorneys will tell you that creating an Estate Plan helps prevent litigation after death. That statement needs a caveat. Most of the time, a properly created Estate Plan will prevent litigation. As this article demonstrates, sometimes, even with an Estate Plan, the family ends up in litigation. The post Who Can You Turn to When Your Brother Doesn’t Do His Job? appeared first on McGee Law Firm.

Understanding a Family Trust: Location and Function: This blog post aims to break down the seemingly abstract concept of a family trust into understandable terms, providing clients and potential clients of the McGee Law Firm with a sense of relief and confidence in their estate planning decisions. Navigating the world of estate planning can be daunting, especially when it comes to understanding […] The post Understanding a Family Trust: Location and Function appeared first on McGee Law Firm.

Estate Planning, Retirement, and Gratitude: Retirement and estate planning are both related to gratitude. I’m retiring after 23 years with the Academy. The Academy and its Members have made me a better lawyer, a better teacher, and a better person. Whether you are retiring or doing estate planning, don’t forget to express your gratitude to those who have made a difference in your life. The post Estate Planning, Retirement, and Gratitude appeared first on McGee Law Firm.