Everyone has been told at some point to “Never put off until tomorrow what you can do today.” The universal adage applies to the formation of a will. Many people do not want to think about the topic, but those who prepare a valid will and other estate planning...
Dallas Estate Planning Law Blog
Qualifying for Medicaid may require careful legal planning
Many residents of the Dallas-Fort Worth area may find themselves in a bind as they get older and face the reality that they will require long-term care in a nursing home or other assisted living facility. On the one hand, the government’s Medicaid program will pay for...
Do new parents really need an estate plan?
New parents have a lot on their plate. They are working to establish their careers while also starting a family. It is easy for many goals to be put on the backburner while you focus on work and family. One goal new parents will want to take, however, is executing an...
Retirement accounts and the probate process
Losing a family member or loved one is difficult and having to deal with complicated legal issues at the same time can be overwhelming. The assets of Texas residents who die without a will or estate plan set up may have go to through the probate process, which...
Why it may be important to have a special needs trust
Everyone in the Dallas/Forth Worth area has unique lives and when they go through the estate planning process, they need to develop their estate plan based on the unique aspects of their lives. Some may need simple wills, advanced healthcare directives and a power of...
The challenges of preserving a legacy while on Medicaid
Estate planning is a constantly evolving process, as family and individual needs change over time. No matter how well individuals may plan, there are events or health concerns that may arise to put a strain on these financial resources. An elderly person who realizes...
Addressing your estate plan when remarrying
Getting remarried is a joyous event. While one may have thought they would only get married once, uniting with another through marriage is a major life event. Although some of the same concerns with one’s first marriage occurs during a subsequent marriage, there are...
What is an advance healthcare directive?
An advance healthcare directive can be included as part of an estate plan to help an estate planner prepare for end-of-life decision making. It is can important part of the estate planner preparing for the possibility of incapacity and estate planners should be...
What are the advantages of a revocable living trust?
If you are creating your estate plan, there are multiple tools you can use to ensure that your assets are distributed according to your wishes when you pass away. One of the tools available to you is a revocable living trust. What is a revocable living trust?...
Medical power of attorney versus directive to physician
Estate planning can be a complex area of law, leaving you to consider many different options which you may or not need. But one area that can be beneficial to virtually everyone is that of advance directives. Regardless of your age, they can become important when you...