Although it may seem simple and straightforward on its face, there are actually a lot of moving parts to estate planning. Neglecting any one of them could lead to unintended and unwanted outcomes, including having your assets fall into the hands of someone you never...
For readers of our blog, they know that estate planning has may facets. It is not just one document or one goal. It is a multiprong plan for one’s life, end-of-life and post-life wishes. Though, some may think that life insurance is all that is needed, which is simply...
One of the primary reasons a person creates an estate plan is to support the people or causes that are important to him or her. He or she may want to consider creating a charitable trust to accomplish this. Charitable trusts Within the terms of the charitable trust,...
Most of us are aware that creating an estate plan as soon as possible is important to ensure that all matters relating to your estate are properly handled when you pass away. Your estate plan can address many issues including from the distribution of assets to...
Probate can be a lengthy, stressful, and costly procedure for transferring property to a decedent’s heirs. A small estate affidavit can be a more affordable and easier method to transfer property in Texas. Requirements A SEA is permissible for inheritances when...
When a person passes away, his or her executor is required to complete an inventory of their assets. Several years ago, this may have been more straightforward because there were fewer digital assets to account for. People increasingly conduct business online, use...
As their parents age, many adult children know that they should discuss estate planning with them. However, it can sometimes be difficult to know how to start the conversation. It’s important to bring up the conversation at the right time and with patience. The adult...
Healthcare can be expensive and has caused many people to forego the medical attention they desperately need. Fortunately, Texas Medicaid is an option for many lower income Texas residents. Texas Medicaid provides low-cost healthcare for those who are eligible. To...
When a person chooses a personal representative for his or her estate or someone to act for him or her under a power of attorney, that representative has a fiduciary duty. A fiduciary duty means that the representative must act in that person’s best interest, avoid...
When a loved one can no longer care for themselves physically or mentally, they may be considered legally incapacitated. This generally means that they are unable to care of themselves, and are unable to engage in basic self-care tasks, such as bathing, feeding, and...
