The Livens Law Firm

February 2014 Archives

Creative estate planning tips for Texas residents

There are a variety of ways individuals can leave behind assets to their family and loved ones. One of the most efficient ways for Texas residents to ensure that their wishes are carried out after death is through proper estate planning. There are different components and tips that can be included in estate plans.

How non-citizen Texas spouses can avoid estate tax

Estate planning is common for most citizens in this country. However, uncommon situations that may come up in estate planning are issues involving non-citizen Texas spouses. Tax breaks that would normally apply to citizens may not apply to those who are not citizens.

Texas grantors may learn from actor's estate planning mistake

Paul Walker is known for starring in the popular "Fast and Furious" movies. He did the right thing when he created an estate plan at only 28 years old. Since his sudden death in a tragic car accident at only 40 years old, his will revealed that he included his teenage daughter. As proactive as he was with estate planning, it's argued that he may have needed to update his will and Texas residents may be able to learn from this.

Long-term care planning for Texas seniors

Sometimes as people age, performing tasks can become challenging. Even some of the most simple tasks may require assistance in one form or another. In these modern days, more individuals are working outside of the home, making it difficult or even impossible to care for their loved ones. In times like these, it's essential for Texas residents to plan for long-term care.

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