Coggin & Coggin PLLC

10/09/2026

Ideally you will have a trust in place in order to take care of your minor children or disabled love ones and their inheritance. If you don't, in Texas at least, there's an option for a court-established trust as a remedy of last resort to ensure they're protected.

10/07/2026

10/05/2026

10/04/2026

This is the rule in Texas. If you're not OK with what will happen if you don't have a medical power of attorney, you need to get one.

10/01/2026

09/29/2026

09/27/2026

An LLC is the most basic building block in your asset-protection structure. It’s is a hybrid business structure that combines limited liability, like a corporation, with partnership-style taxation. Its owners, called members, generally are not personally liable for the LLC’s debts. For federal tax purposes, an LLC is usually taxed as a partnership unless it elects corporate treatment. Most LLCs choose partnership taxation because it provides pass-through taxation while allowing flexible allocation of profits and losses. The LLC’s tax classification determines which tax rules apply to its assets and ownership interests.

09/18/2026

One of the key benefits available with many permanent life insurance policies is the ability to access the death benefit early if the insured experiences a qualifying chronic or terminal illness. Rather than waiting until death for the policy’s benefit to be paid, the insured may be able to use those funds while they are still alive and facing significant health challenges. This can provide financial flexibility to pay off debt, supplement retirement income, cover medical or long-term care expenses, or even take a meaningful vacation with family while time and health permit. For someone who has spent decades building financial security, having access to these funds can help turn a life insurance policy into a resource that provides value during life—not just after death. Accelerated death benefits are also typically received income-tax free.