Estate planning is an important process for everyone, but it can be a more pressing matter for those who are getting older. With that in mind, you might have found your way to our blog because you’re concerned about your parents’ estate plan or lack thereof. It’s not...
Generally, states have very similar laws regarding wills and trusts creation and requirements. A will is a document that legally binds a person’s property to be distributed according to that person’s wishes after his or her death. A trust provides a person options to...
Many Texas residents have heard of wills, but are unfamiliar with revocable living trusts. Revocable living trusts allow you to have a say in how your property will be handled while you are living and after you pass away. If you choose to set up a revocable living...
Planning your estate ensures your assets and possessions will be distributed according to your wishes. Furthermore, it lightens the burden on grieving family members caught up in funeral planning. Despite all of the above benefits, many people will die with no will or...
Seniors who find themselves or a loved one needing costly medical procedures or a move to a nursing home fear they will deplete their estate assets to pay the bills. And they realize the high cost of long-term care will mean that they have to find a way of...
After one sits down with an attorney to finally craft their estate plan, it can be an incredibly uplifting moment because they know their loved ones will be taken care of after they pass. After all, it is something we all need to do, and in our uncertain times, it has...
We may work a lifetime so that we have an inheritance to pass on to our children and grandchildren. However, most people in Texas do not want to see a young adult squander a large inheritance. If you leave a young adult a sum of money in a will, they will receive...
Community property is a system of property ownership that is recognized in Texas. It purports that when married people acquire wealth or property, each member of the marriage owns half of the acquisition. Community property and the disposition of property is often an...
Being appointed the executor of a loved one’s estate is an honor, but it is a role that many people are unfamiliar with. The following is a brief overview of the role of the executor of an estate. This post does not contain legal advice, so those who need further...
Having peace of mind that an estate planner’s will is valid is important for estate planners because they are using their will to dispose of their property and assets to their loved ones. As long as estate planners understand the importance of a will, and the...
