What Are ABLE Accounts and How Can They Benefit Your Loved Ones?

There is no denying that the number of disabled individuals in the United States who rely on public assistance benefits such as Medicaid and Supplemental Security Income (SSI) has soared into the millions. Perhaps you have a loved one living with you right now who falls into this category, and it pains you to see them face one financial limitation or hurdle after the next as you and they struggle to cover basic living expenses, healthcare, and housing. You worry about their future and how to provide the best possible care without losing access to existing benefits. What they need is another critical lifeline, and ABLE accounts may be the answer.

To learn more, read Leigh's full blog.

Celebrate Make-A-Will Month By Creating Yours

Did you know August is National Make-A-Will Month? These days, it seems like there is a national day, week, or month for everything, and while many of them are meant to educate the general public, mobilize resources, or celebrate humanity’s many achievements, others are downright hilarious or at least force you to do a double-take to make sure what you saw or read was actually real.

To learn more, read Leigh's full blog.

New Regulations Regarding Inherited Retirement Accounts

The IRS has released regulations that require that inherited retirement accounts take annual required minimum distributions instead of waiting until the tenth year to make a distribution of the entire account.

IRS notice 2024-35, provides that the IRS will waive the excise tax that would have been charged for failure to take required minimum distributions in 2024. Previous notices provided that the IRS would waive the excise taxes for the years 2021, 2022 and 2023. Beginning in 2025 an excise tax will be due if the required minimum distributions are not taken. This waiver is of the excise tax and not the required minimum distributions. You are still required to make the missed distributions before 10 years after the person you inherited it from passed away.

All Living Trusts Are Not Created Equally!

Learn How You Can Fully Protect Your Assets with a Properly Written and Maintained Living Trust!

Your Living Trust should do all it can to:

Protect your beneficiaries from losing their inheritance to divorce, lawsuits, creditors, and predators!
Avoid Probate and Guardianship!
Specifically address the different needs of each of your loved ones now – and adjust to their changing needs after you’re gone! (such as unexpected illness, disability, or drug / alcohol problems!)
Protect your IRAs and retirement plans which, over time, will likely grow to become the largest assets you leave behind!
Take advantage of future changes in Estate Tax and Capital Gains Tax Laws!

Our September 12th Seminar is FULL

so we have added an additional day!

JOIN US ON

Wednesday, September 11, at 10:30 AM

The Great Egg

1800 S. Loop 288, Denton, TX

for a FREE SEMINAR unlike any you’ll ever attend!

A Complimentary Meal Will Be Served.

RESERVE YOUR SPOT! SEATING IS LIMITED

Let us know if you would like to bring a friend.

(940) 387-8800

Call Leigh Hilton PLLC today!!

Having a competent estate planner in your corner will help you and your family navigate the often overwhelming waters that come with protecting everything you own and everyone you love. That is our job, and we would like to think we do it better than anyone else. Please call Leigh Hilton PLLC so that we can help ensure you and your family are taken care of in the best way possible.

Leigh Hilton PLLC wants to be your first call every time for any estate planning needs. We look forward to serving you.

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ATTORNEY LEIGH HILTON

Leigh Hilton has helped over 6,000 families protect the assets that they leave to loved ones from divorce, creditors, lawsuits and predators. She has over 26 years of legal experience in the practice areas of Estate Planning and Probate. Whether your estate is large or small, simple or complex, Leigh would welcome the opportunity to meet with you to discuss your estate planning needs. Leigh Hilton PLLC wants to be your first call every time for any estate planning need. We look forward to serving you.