One of the key reasons for having an estate plan is to be able to designate family members, other loved ones and worthy organizations as the beneficiaries of your assets. That may seem like a simple enough task. However, it’s crucial that you specify all of your...
Your parents worked hard for the wealth they accumulated during their lives. Basic fairness dictates they should have some control over what happens to their assets after their death. Writing a comprehensive will, of course, removes much of the doubt about your...
When a loved one becomes incapacitated or terminally ill, both patients and family members are faced with difficult decisions. These unfortunate situations can highlight the importance of proper estate planning and administration. Texas laws specifically state that...
For couples in their 20s and 30s, estate planning is often the last thing on their mind. Even if they have children, they often assume that they won’t have to worry about putting together a will, advance directives, powers of attorney and so forth until they’re at an...
When working on your estate plan review, it is important to know what to prioritize. Otherwise, you could spend an unnecessary amount of time focusing on things you do not actually need to focus on. Instead, you should pay attention to a few key aspects of the plan....
When you draft your Texas estate plan, you may have concerns about leaving money or assets to a particular child or beneficiary because you question how that individual might spend it. Maybe your child is too young to be able to make sound decisions about what to do...
When a person works on a comprehensive estate plan, many important documents play a role. These documents include beneficiary forms, advanced medical directives and sometimes a letter of intent. Two of the most primary documents, wills and trusts, often create...
If you have welcomed a new baby recently, you may worry something may happen to you or your spouse. After all, even though the average life expectancy in the U.S. is 78.8 years, many younger Americans die of cancer, heart disease, respiratory ailments, unintentional...
When someone dies and leaves behind a legacy in Texas, it may lead to conflict if one of the beneficiaries feels as if he or she did not receive everything the deceased intended. Inheritance conflicts arise for many reasons. However, many such battles revolve around...
While you may already have your will and other aspects of your estate in place, you may not know how to reduce the cost of estate planning. Where should you start? Kiplinger explores strategies for navigating the financial aspects of estate planning. Make sure that...