The Livens Law Firm

May 2017 Archives

The probate process in Texas

As one ages, mortality becomes an important issue. The individual often begins to consider what will happen with and to loved ones upon his or her death. Furthermore, the Texas resident usually addresses the inheritance that each of these loved ones should receive as a part of the estate planning process. Perhaps one of the most misunderstood parts of the estate planning process is probate.

Experts stress importance of long-term care plan

Many Texas residents and those elsewhere around the country make plans for their retirement years and invest currently so that financial provisions will later be available. However, most do not consider their health or physical capabilities in making these decisions. Yet, long-term care needs could greatly affect someone's financial position should an illness occur.

Estate planning involves more than just a will

Most Texas residents and others around the country don't like to think about growing older or how life will be when they are no longer around. However, it is important to make decisions when a person still has the ability to determine the way he or she wants an estate distributed. In some cases, even with a will or documentation in place, heirs may encounter unforeseen issues. That is why financial experts stress the importance of estate planning.

Long-term care important part of retirement planning

Many individuals in Texas and throughout the nation are retiring with expectations of living at least 20 to 30 more years. While this is positive news, it does require many people to consider how they will support themselves financially in the future when their physical abilities have diminished. The country's Department of Health and Human Services reported that those citizens over age 65 will likely need some type of long\-term care during their lifetimes.

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