Estate Planning Done Right

Make Sure Your Family Transitions Prepare Your Children and Your Family for Financial Freedom.

Estate planning is far more complicated and involved than most people realize. If you don’t have a full understanding of your legal and financial rights, it is going to end up costing you… or your family… much more in the long run.

If you think you are too young to worry about estate planning, or perhaps you are waiting until you have more “estate” to bother with, think again. By planning now what happens to your estate in the event of your death, you will be left with the peace of mind that comes with knowing that you have provided to the best of your ability for your children and your family.

We can help. Our estate planning experts will get to know you and help you plan for the future based on your particular needs and situation. We are happy to discuss, recommend, and offer useful research tools which will help you get your estate in order so that those that follow you won’t be unduly burdened with taxes, probate courts, government bureaucracy, end-of-life costs and other problems relating to inheritance.

Questions you might need help answering…

  • How does divorce or multiple marriages affect estate planning?
  • What happens when heirs are too young to inherit?
  • Are there children from multiple marriages or individuals who might challenge or interfere with estate planning?
  • How can an inheritance be protected from creditors of an heir?
  • How can you pass along your estate with the minimum of tax liability involved?
  • Who needs to be on your estate planning team?
  • Do you have all the proper paperwork in order, including wills, power of attorney, healthcare directives, and trusts?
  • How will your estate be taken care of in the event that you are incapacitated?
  • What are the processes for amending your estate plans as your situation changes?
  • How can you leave money to charities or other organizations?

This is one area where a do-it-yourself mentality might not be to your greatest benefit. Let us help guide you through the complexities and challenges of estate planning that are unique to each individual case.

Let Us Help:

Quick Contact

2022 is Coming to an End and Changes Are Ahead.

With a new year comes new changes, new tax laws, and new ways to protect your assets. As this year closes, it’s important to understand what changes are coming in the new year and how you can protect your financial future. Changes from Elections At the November 8th...

How BFG Tax Help Can Assist Beyond Tax Season

Tax season can be a stressful and worrisome time for many people, especially if you own a business. However, there is a lot outside of tax season that you have to worry about. At BFG Tax Help, we strive to ensure your best possible financial outcome year-round. We...

Did You Receive a Letter from the Unclaimed Property Division?

Some businesses are beginning to receive letters from the Unclaimed Property Division of the Texas Comptroller of Public Accounts. These letters are being sent out in batched with no clear methodology as far as which businesses will receive their letter, or when they...

How Can I Ensure Financial Success for My Small Business?

Whether you’re starting a new business, or your small business is already established, it’s important to ensure that you are doing all that you can to protect the financial future of that business. At BFG Tax Help, we understand that every business is unique and...

What is a Tax Professional and Do I Need One?

At BFG Tax Help, we are tax professionals that provide a variety of solutions for your individual and business needs in Richardson, Texas. If you’ve never needed a tax professional, then you may not know what they do or if you may need one. Tax Professional as Defined...

The Inflation Reduction Act

Once again, Congress has passed and the President has signed legislation into law that has material tax implications. As with anything that comes out of Washington DC, the experts and opinions are so varied that the information being presented has more to do with...

How Can BFG Help with IRS Levy Protection?

When the IRS levies your property, you may wake up to your bank accounts empty, your assets gone, and your wages being garnished. When dealing with the IRS, there’s no “affordable payment plan”. They want to get their money back in full as quickly as possible. When...

Florida Passed a Law Requiring Businesses to Submit New Hire Information for Independent Contractors. Will Texas be Next?

In June, Florida Governor Rick DeSantis signed a Bill into law that requires businesses to submit new hire information to the state’s Department of Revenue. The law will go into effect on October 1, 2022, and will require businesses that pay an independent contractor...

When does the IRS Say a Hobby Becomes a Business?

With the growing number of people turning their hobbies into businesses, it’s important to understand when the Internal Revenue Service (IRS) classifies a hobby as a business. As a business, you can make deductions for expenses and you have the chance of taking a loss...

An Accounting Methods Rundown for Richardson Businesses

Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Richardson business owners are in the thick of things during this commemorative...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us

Quick Contact