When people in Texas plan for a future in which they may no longer be present, they often have multiple decisions to make. Ultimately, the decisions that they make could impact how much of their estate their loved ones will have to enjoy. Because most everyone wants to ensure that the maximum amount of their estate goes to the intended recipient, those making such plans often consider whether gift giving in advance of their death is a necessary part of estate planning.
Gift giving as part of estate planning
Choosing the most appropriate trustee for an estate
There are a variety of different decisions that go into the process of how assets will be divided. Many of these include how assets will be divided and how they will be treated. Perhaps one of the most important decisions that must be made involves who will be managing a Texas estate in addition to how it will be divided.
Does a childless couple need a will?
Many people in Texas have a certain idea of what a family looks like. However, the reality is that families come in all shapes and sizes. For example, many couples, for a variety of different reasons, do not have children. Because there is a misconception that a will is only necessary to ensure that children are provided for in the event their parents are no longer able to provide such care, many childless couples may not fully understand the implications of a lack of an estate plan.
Including pets as part of the estate planning process
Families in Texas and across the country can have a variety of different compositions. In fact, some families may count more than humans as members of their family. For many, the family pet is a member of the family whose owners want to ensure is protected even when they are not around to do so. Fortunately, there are measures that can be taken in the estate planning process that can help ensure this.
