One consequence of the increased longevity that people enjoy today is that they need more financial support to survive comfortably through the additional years that may be granted to them. Reportedly, only one in three of us is able to survive financially into our...
Month: July 2016
Estate planning saves time, money and legal obstacles
There are some very practical reasons why a person residing in Texas or elsewhere in the country should have an estate plan. Without a will or trust at death, for example, there are some very negative consequences that one's loved ones may be compelled to endure. The...
Estate planning is a maze best traveled with professional help
An estate plan under Texas law is a way of designating how one's assets may be distributed at death. Estate planning also takes into account uses of those assets during life and provides for a smooth transition if the owner of the assets becomes incapacitated and...
Family meetings good for long-term care planning process
A Fidelity survey this year regarding caregiving needs of parents and the ability of children to provide those needs found some increased conflicts over the 2014 survey. Likely speculation says that the better economy in Texas and elsewhere may have a paradoxical...