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Law Office of Todd A. Wilson >  Blog
28 August
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6 Essential Facts About Estate Tax Exemptions Sunsetting in 2026

Posted by Todd Wilson
in Business, Estate Planning, High Pressure, Tax Law Changes, Texas Probate, Trusts
6 Essential Facts About Estate Tax Exemptions Sunsetting in 2026 | Estate Planning Attorney Todd Wilson

The Sooner You’re Aware of the Facts, the Better. Here’s Why.

High stakes and dwindling time have put federal estate tax exemptions in the spotlight, making it an increasingly hot topic that legacy-minded individuals shouldn’t ignore. That’s because 2025 is fast approaching, and it’s set to be the last year for elevated estate tax exemptions. 

For many Texans, that could mean millions in available estate tax exemptions are no longer available as of 2026 — and that previous estate plans and strategies may no longer be as effective as they once were. For some, it may also result in new exposures and gut-wrenching estate taxes if key moves and updates aren’t made before 2026 (July 2025 Update: A new law has permanently raised estate tax exemptions to $15 million in 2026).

Elaborating on that, this helpful resource can walk you through the essentials of sunsetting estate tax exemptions, sharing more on:

Whenever it’s time for more information and personalized answers in a confidential setting, simply contact TAW Law Texas. 

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26 July
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A Blueprint for Family Business Estate Planning & Estate Tax Minimization

Posted by Todd Wilson
in Business, Estate Planning, Texas Probate, Trusts
A Blueprint for Family Business Estate Planning & Estate Tax Minimization | TAW Law Texas

Discover the Strategies & Tools That Can Sustain Family Businesses Following Death

Family businesses in Texas can be set up for multi-generational success with comprehensive estate planning. Regardless of company size and industry, key legal instruments can be put in place to reduce future exposures, facilitate smoother transitions, and retain more assets for the beneficiaries set to take over the family business.

That can preserve a lifetime of hard work for the next generation, safeguarding legacies while setting a family-run company up for decades-long success.

Highlighting how that can work, the following details: 

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01 July
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What to Do After a Family Member with a Will Dies

Posted by Todd Wilson
in Estate Planning, Legal Advice, Texas Probate
What to Do After a Family Member with a Will Dies | TAW Law Texas

Your Step-by-Step Guide to Handling a Loved One’s Will & Texas Probate After a Death

The death of a loved one can open up more than just profound grief. It can also unleash a series of essential tasks that surviving family members may need to complete as part of the decedent’s estate — and as required by state law. 

With that, you could find yourself on the front lines of dealing with the will, interacting with Texas courts, and juggling various deadlines. Navigating all that can be easier when you know what to do with a will, what other documents to gather, and what comes next. 

To that end, the following explains what needs to happen after a family member who has a will passes away in Texas, detailing: 

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23 May
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How to Prepare for Sunsetting Estate Tax Exemptions Before 2026

Posted by Todd Wilson
in Business, Estate Planning, Tax Law Changes, Texas Probate, Trusts
How to Prepare for Sunsetting Estate Tax Exemptions Before 2026 - Austin Estate Planning Attorneys

In Less Than 19 Months, Estate Tax Exemptions Will Likely Change. Are You Ready?

UPDATE (July 2025): A new law has permanently raised estate tax exemptions to $15 million in 2026.

Millions in estate tax exemptions could vanish forever on Jan. 1, 2026. With that, you could lose potential opportunities to mitigate certain estate tax obligations. You may also be unknowingly subjected to higher estate tax rates if you haven’t put the right plans in place before these changes occur. 

To avoid these consequences, here are:

This 3-minute guide shares some simple, yet powerful, strategies for getting your estate ready for major tax law changes coming soon while there’s still time to put judicious plans in place. 

Whenever you’re ready for more information or personalized counsel and solutions, simply contact TAW Law Texas. 

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15 April
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A Small Business Owner’s Guide to Texas Trusts 

Posted by Todd Wilson
in Business, Estate Planning, Legal Advice, Privacy, Tax Cuts, Texas Probate, Trusts
A Small Business Owner’s Guide to Texas Trusts | TAW Law TX

Discover What Types of Trusts Are Better Suited for Different Types of Businesses & Objectives

Trusts can be indispensable tools for forward-thinking small business owners. Across nearly every industry, trusts for small businesses in Texas can be highly effective devices for asset protection, succession planning, retirement income strategizing, estate tax mitigation, and so much more. 

That may mean that some small business owners can benefit from setting up multiple trusts, all with unique objectives. That doesn’t, however, narrow down the options or point you in the right direction when it’s time to set up a trust for your small business in Texas.

To help you with that, this guide on trusts for Texas small businesses shares more on: 

This guide can walk you through the various options for small business trusts, explaining how each device works, the potential benefits, and the types of small businesses that could benefit from them. 

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18 March
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What If You Could Put Your Biggest Estate Planning Fears Behind You?

Posted by Todd Wilson
in Estate Planning, Tax Law Changes, Texas Probate, Trusts
Todd A. Wilson - Estate Planning Lawyer

You Can Silence Your Biggest Estate Planning Concerns with Confidence. Here’s How.

When you think about estate planning and your will, what scares or worries you the most? 

If you’re like most Americans, you have at least one answer to that question — and facing your mortality isn’t necessarily at the top of the list. 

In fact, more often than not these days, estate planning fears are related to nuanced situations, complicated concerns, and ever-evolving uncertainties that can be tricky to navigate. 

For many, that’s enough reason to avoid estate planning entirely. For others, fears or anxieties keep them from taking a fresh look at a will or estate plan they created years ago. 

Either way, that can feed into more estate planning worries, and it can end up making people’s worst estate planning fears eventually come true. 

Here’s why, with a closer look at: 

This guide can help you identify and start working through your estate planning fears while also introducing you to some powerful strategies for keeping them at bay for the long term. 

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02 January
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Your ILIT Guide: How to Capitalize on ILITs Ahead of 2026

Posted by Todd Wilson
in Estate Planning, Tax Law Changes, Trusts
Your ILIT Guide: How to Capitalize on ILITs Ahead of 2026 - TAW Law TX

More Folks Are Setting Up ILITs & Other Trusts Ahead of 2026. Find Out Why.

Irrevocable life insurance trusts (ILITs) could be uniquely advantageous and offer greater peace of mind if set up before Jan. 1, 2026. That’s because ILITs may provide a more effective way of reducing the value of an estate and preserving life insurance benefits while federal estate tax exemptions remain at their current rates. 

Within two years, however, those higher rates could disappear, as lifetime estate tax exemptions are on track to drop by roughly half in 2026 if nothing changes between now and then. 

With that, the options for mitigating federal estate taxes and protecting assets like life insurance payouts could be far more limited — and possibly less attractive.  

Here’s why, with a closer look:

This ILIT guide explains the ins and outs, pros and cons, and general uses of irrevocable life insurance trusts in less than 3 minutes to get anyone up to speed with this estate planning option.

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30 November
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Your IDGT Guide: How to Strategically Use IDGTs Before 2026

Posted by Todd Wilson
in Estate Planning, Tax Law Changes, Texas Probate, Trusts
Your IDGT Guide: How to Strategically Use IDGTs Before 2026 | Estate Planning Lawyer in Austin, TX

Discover How IDGTs Are Helping Some Folks Prepare for Changing Estate Tax Exemptions

Intentionally defective grantor trusts (IDGTs) can be highly effective in preserving, maximizing, and transferring certain assets — especially if you set an IDGT up before Jan. 1, 2026. That’s when lifetime estate tax exemptions could drop drastically, taking millions in available exclusions off the table if federal laws don’t change before Dec. 31, 2025 (July 2025 Update: A new law has permanently raised estate tax exemptions to $15 million in 2026).

With the clock counting down and limited time to take action, there may be no better time than right now to consider an intentionally defective grantor trust. 

To help with that, check out these IDGT FAQs, with concise answers from top estate planning lawyers in Austin, TX:

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14 November
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What the SECURE Act 2.0 Means for Retirement Assets & Your Estate Plan

Posted by Todd Wilson
in Estate Planning, Tax Law Changes, Trusts
SECURE Act 2.0 & Your Estate Plan - Austin Estate Planning Lawyer

The Updated Legislation May Raise New Issues for Your Estate Plan. Here’s How.

The SECURE Act 2.0 may have advanced retirement planning in several ways while simultaneously creating new wrinkles and potential disruptions in existing estate plans. From minimum distributions to mandatory withdrawals, the rules for retirement accounts have changed with the SECURE Act 2.0. 

Find out what it all means for you and your estate plan by getting up to speed with: 

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13 October
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Your Guide to GRATs: A Tax-Savvy Trust to Leverage Before 2026

Posted by Todd Wilson
in Estate Planning, Tax Law Changes, Trusts
Your Guide to GRATs: A Tax-Savvy Trust to Leverage Before 2026 | Austin Trust & Estate Planning Lawyer

Find Out the Advantages of Setting Up GRATs Now, Ahead of Sunsetting Estate Tax Exemptions

Grantor retained annuity trusts (GRATs) may offer some distinct advantages if you set them up before Dec. 31, 2025. That’s because federal estate tax exemptions and gift tax exclusions will be sunsetting on January 1, 2026, if the laws don’t change between now and then. 

If or when that happens, millions of dollars in available exemptions could disappear. 

If you know what’s coming and you’ve planned ahead, you could be sitting pretty a couple of years from now, with all your ducks in a row and some tax-savvy trusts, like GRATs, already set up to protect and advance your interests. 

On the other hand, if you ignore it all, you could miss out on the chance to do more with GRATs before federal estate tax exemptions change. That could leave you with higher tax bills. It may even make Uncle Sam one of your biggest beneficiaries. 

To find out how — and how to stop that from happening while there’s still time — you can get up to speed in about 2 minutes with these GRAT FAQs:

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Todd A. Wilson has been practicing law since 2007 with a view to educate all strata of society on the importance of planning their estates and probate administration.

We offer affordable probate administration services.
Contact us for filing your will or trust.

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