Estate planning in your 20s and 30s

People in their twenties and thirties, regardless of other life circumstance--like whether they have children--typically have social media accounts. You may not want your social media accounts to live on in perpetuity while the likelihood of being hacked increases over time. You may want your family to be able to access photographs of you on digital platforms and you may not. You may rather have a friend filter out the things that are appropriate for family before deleting your account. [More]

Planning for the future during the COVID-19 outbreak

When you become very ill and are no longer able to make decisions for yourself, a Declaration of Living Will can speak for you. This document, drafted when you are healthy and of sound mind, outlines the types of medical procedures and treatments you are wiling to undergo or not willing to undergo when you are essentially on your death bed. [More]

Super Saturday estate planning clinic

Dover Dixon Horne associate, Natalie Ramm, will be volunteering for the Super Saturday Estate Planning Clinic held in El Dorado, Arkansas on February 22. Arkansas Access to Justice and Southern Bancorp have coordinated this event with the goal of helping families build generational wealth and move out of poverty. [More]

Cal McCastain Comments on Estate Planning for Farmers

When the Tax Cuts and Jobs Act went into effect on January 1, 2018, Congress doubled the estate tax exemption levels to $22.4 million per married couple.

Dover Dixon Horne member Cal McCastlain told DTN Farm Business that before 2018, it didn’t take “a lot of real estate to be exposed to estate taxes, and so there was a lot of incentive to gift portions of that real estate, or the company that owned real estate, in order to reduce this taxable estate.” [More]