Estate administration can be a complicated and contentious matter if a person's end-of-life documents are not in order. This is especially true when documents such as separate wills contradict each other.
Estate administration: Dispute over heiress' 2 wills resolved
Planning for incapacity with powers of attorney and living wills
Without certain estate planning documents, the event of incapacity can leave an estate owner's family members in limbo. To help prevent confusion and possible disputes over assets and medical care, let's take a look at a few items that can allow estate planners in Texas to be as clear as possible about their wishes.
Waiting to get long-term care insurance could cost you
Here's a big number to consider: $84,000. That was the annual median cost of having a room in a private nursing home in 2012. The figure represents an 8-percent increase in five years. It also means that planning for long-term care should start now and not later. The cost of care is steadily rising.
Where does a will end and a trust begin?
Often the key to comprehensive estate planning is knowing where the function of one document ends and another begins. For example, what can a trust do as opposed to a will? You can have both, but what are their specific functions?
