What Is a Lady Bird Deed? Advantages for Estate Planning in 2025
Protect Your Home Without Losing Control Picture someone approaching retirement who wants to pass their family home to heirs without probate’s hassle, all while keeping full control to sell or refinance if needed. This is the power of a Lady Bird Deed. For our clients, it’s a simple tool to avoid court delays and costs…. View Article
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Irrevocable Trusts: What They Are and What They Are Used For in Estate Planning
Safeguard Your Legacy with Smart Planning Picture this: You’ve built a comfortable life with a home, savings, and investments, but the thought of high estate taxes or long-term care costs draining your assets keeps you up at night. For many Americans, an irrevocable trust could be the solution to protect your wealth and ensure it… View Article
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New Rules for Inherited IRAs: Navigating Required Distributions in 2025
Protect Your Legacy from Tax Traps Imagine inheriting your parents’ IRA, only to lose 30% to taxes because of new rules you didn’t know about. For many Americans over 50, this is a real risk in 2025. The SECURE 2.0 Act has changed how inherited IRAs are taxed, requiring most heirs to withdraw funds within… View Article
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What Is a Will/Last Will and Testament? A Simple Guide for 2025
Last week, we explored trusts in simple terms—today, let’s talk about another key estate planning tool: the will, or last will and testament. At J. Davenport Legal, we helped thousands to understand these basics to protect their families. If you’re wondering “What is a will?” or “Do I need a last will and testament?”, this… View Article
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Understanding Trusts: A Simple Guide to Protecting Your Legacy in 2025
Last week, we explored what estate planning is—organizing your assets and wishes for when you can’t manage them. This week, let’s dive into trusts, a key tool to make that plan work. At J. Davenport Legal, we helped thousands use trusts to keep things simple and secure. If you’re wondering “What is a trust?” or… View Article
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What Is Estate Planning? A Simple Guide for 2025
Wondering what estate planning is? You’re not alone—it’s the top question we hear at Davenport & Associates! In simple terms, estate planning is about deciding what happens to your money, home, and responsibilities when you can’t manage them anymore, whether due to illness or passing away. It’s not just for the rich; it’s for anyone… View Article
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