The question sometimes comes up regarding the difference between non-probate and probate assets. Under Texas law and the law of all other jurisdictions, non-probate assets are those that do not pass through one's estate at death. They generally pass automatically to a...
Month: October 2013
Complex family structures call for specialized estate plans
These days family structures in the United States are generally more complex than they were 60 years ago. Divorce is more common now among people over age 50, and families more often include stepchildren, foster children, domestic partnerships and all of the family...
Long-term care planning requires careful coordination
One key to effectively planning for long-term care is to coordinate the available benefits from government programs with other estate planning tools. Unfortunately, though, coordinating in this way can be complicated, and many people wait too late to begin planning...
Estate planning needs of adult children
We forget that our college-aged children are now adults and may need in-depth financial advice. Parents are no longer legally able to make financial decisions on the behalf of their children. Therefore it's also important that children appoint someone who can be...