When planning to help out one’s family members, a person may be so generous as to ignore some basic needs of his or her own. However, one should not be so generous in gifting to one’s children and grandchildren that it depletes what the person needs to...
Month: August 2014
Estate planning should prepare for long-term care possibilities
One danger not fully appreciated or planned for by seniors in Texas and elsewhere is the financial ravages that can occur if the individual becomes permanently disabled and in need of long-term care and nursing home care. People may think that their Medicare covers...
Developing a will helps surviving family members
When it comes to talking about creating a will, many people in Texas may shy away from the subject and prefer to talk about more lighthearted topics. Putting together a will, however, is essential for making sure that one's earthly possessions are passed on to the...
Estate planning is important for both small and large estates
Estate planning in Texas is an essential tool to distribute your estate, no matter how large or small, in the way that you want and to the people that you choose. Complications can arise if one does not put estate planning into place. For example, bickering among...
After moving, one should review estate planning documents
When moving from one state to another, it’s wise to have estate planning documents checked for compliance with the new state’s laws. Although most of those estate planning documents should remain effective in a move, it’s nonetheless prudent to have...
Personal representative must access decedent’s digital assets
In Texas and all other states, the extensive use of online services by the average person has led to a need for the estate of a deceased person to be able to access that person’s online digital assets. That need has given birth to organizations concerned with...