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February 26, 2010
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Estate Planning News

 

 

Statement By Agriculture Secretary Mike Johanns Regarding Guatemala

March 10, 2005

"I am very pleased that Guatemala today passed the United States-Central America-Dominican Republic Free Trade Agreement, which follows the recent approval of this agreement by El Salvador and Honduras.

"This action now brings the United States one step closer to an agreement that will significantly benefit American agriculture. Farmers, ranchers and food processors will benefit from the opening of markets to 44 million consumers and an anticipated increase of $1.5 billion in U.S. agricultural exports.

"While the U.S. market is already open to imports from Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua, this agreement will level the playing field for U.S. suppliers by eliminating tariffs on trade between our countries and create preferences for U.S. agriculture over our competitors.

"I look forward to working this year with the U.S. Congress to secure ratification of this vital trade agreement that will expand economic opportunities for all of American agriculture "

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Did You Know?    
 
 
A "Family Limited Partnership" can be used to own and manage your property
In a similar manner to a Trust, but allowing additional tax planning techniques to be employed. Family Limited Partnerships are typically used for those who have large estates and thus have a need for specialized estate planning in order to minimize federal and state estate/death/inheritance taxes as well as provide elements of asset protection.

 


  Newsroom  
 


Latest news about Financial & Estate Planning in Plano and nationwide:

Estate And Gift Taxes

Generally, you do not need to file a gift tax return unless you give someone, other than your spouse, money or property worth more than th...

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Adminstrative Law subcommittee to discuss legislation that grants immunity to gun makers
WASHINGTON, March 14 /U.S. Newswire/ -- A week after the Government Accountability Office released a report exposing a loophole in the law that all...
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Connecticut the legislature has established a statewide maximum speed limit of 65 mph.
The function of speed limits is often misunderstood by the public. This confusion leads to typical questions that include:

What are speed l...

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Estate Planning Terms

 


Today's Terms

Informed Consent

Definition:
An authorization to proceed by a person who has been given and understands all of the relevant facts.

Trust

Definition:
A long recognized legal concept (first used in ancient Greece during the times of Socrates and Plato) in which some or all property of a Trust Creator is held on behalf of a beneficiary (which may include the trust creator) in the name of the Trustee.

Probate

Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Plano Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alvin
  • Amarillo
  • Arlington
  • Austin
  • Baytown
  • Brownsville
  • Burleson
  • Carrollton
  • College Station
  • Cypress
  • Dallas
  • Del Rio
  • Desoto
  • Eagle Pass
  • Edinburg
  • El Paso
  • Flower Mound
  • Fort Worth
  • Friendswood
  • Garland
  • Grand Prairie
  • Grapevine
  • Harlingen
  • Houston
  • Irving
  • Katy
  • Laredo
  • League City
  • Lewisville
  • Mcallen
  • Mesquite
  • Mission
  • New Braunfels
  • North Richland Hills
  • Palestine
  • Pasadena
  • Pharr
  • Plano
  • Richardson
  • Richmond
  • Round Rock
  • San Antonio
  • San Benito
  • San Marcos
  • Seguin
  • Spring
  • Sugar Land
  • Victoria
  • Weslaco
 


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