Hannah Law, a Texas-based firm specializing in family law and estate planning, is taking steps to assist clients with recent changes in Texas estate planning laws. These updates include higher federal estate and gift tax exemptions for 2025 and new state laws affecting probate procedures. Jeffrey Hannah and Liz Hannah lead the firm, both dedicated to offering professional advice on divorce, family matters, and estate planning.
One major change that will impact many Texans is the federal estate tax exemption, now increased to $13.99 million per person. This allows more wealth to be transferred without facing federal estate tax. Additionally, the gift tax exemption now lets individuals gift up to $19,000 per person annually without paying taxes. Though these changes are set for 2025, future Congressional actions could alter them. Alongside these federal updates, Texas has introduced legislative reforms to simplify probate, potentially lessening legal difficulties for residents.
Jeffrey Hannah, co-leader of the firm, stressed their mission to assist clients through these changes. He said, "Our primary goal is to assist individuals and families in adapting to new legal requirements. These updates present both challenges and opportunities, and we are dedicated to ensuring our clients receive the guidance necessary to make informed estate planning decisions." The firm, detailed on hannahlawtx.com, provides comprehensive support and resources to clients, including a detailed blog, probate preparation checklists, and estate planning FAQs.
Recent legislative actions have led to more streamlined probate processes in Texas. New methods include alternative service options, the use of previously recorded heirship affidavits, and unsworn declarations by personal representatives. Texas has also launched a program enabling licensed legal paraprofessionals to provide limited estate planning and probate services, aimed at closing the justice gap, especially for low-income individuals.
Hannah Law is committed to offering comprehensive estate planning services, with packages customized to individual needs. These services cover all aspects of future planning, ensuring clients can safeguard their assets and care for their loved ones. Beyond legal representation, Hannah Law provides resources such as probate checklists and informative blog posts to support clients. Their commitment to thorough guidance can be explored further through resources found on hannahlawpc.com.
Liz Hannah, another firm leader, highlighted the importance of being prepared in estate planning. She remarked, "Planning is more than a legal obligation; it's an opportunity to provide certainty for loved ones and make thoughtful decisions about the future. We're here to make sure our clients are equipped and informed every step of the way as they navigate these updates."
Although Texas is known for being tax-friendly, residents must consider high property taxes in their overall financial planning. While there's no state income or inheritance tax, retirees should plan for property tax effects on estate value. Hannah Law focuses on strategic planning to help clients understand their obligations under state and federal laws.
Senate Bill 1015 has brought further changes to Texas probate laws, tackling excess contributions and fees in probate courts. These adjustments aim to improve efficiency and access within the system.
Hannah Law continues to provide personalized consultations to help clients navigate these legal changes. They operate in multiple locations—Friendswood, The Woodlands, Sugar Land, and Houston—ensuring a wide reach for those seeking legal guidance. Committed to client education and support, Hannah Law is well-equipped to help Texans adjust to the evolving legal environment in estate planning. Further details on their locations and services can be found at hannahlawpc.com.
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For more information about Hannah Law, contact the company here:
Hannah Law
Jeffrey Hannah
844-748-8430
leads@hannahlawpc.com
1410 Winding Way Dr
Friendswood, TX 77546
