Livens & Reed, PLLC

April 2020 Archives

Living trusts offer asset protection and privacy

Protecting ones assets and maintaining privacy are common goals for Texas residents. In some cases, a will is all that is needed to protect assets. However, others have discovered that living trusts offer a greater level of asset protection and the privacy that the individual desires.

Estate planning is important for Texas residents

Planning for the future is a common task. Texas residents typically plan for vacations, holidays, weekends and even their retirement. Yet, estate planning is one area in which many tend to think that they don't really need a plan. Regardless of income or age, an estate plan is an important part of planning and protecting one's assets.

Are you sure you understand inheritance rules?

Losing a parent is never easy, and it can be even harder when dealing with complicated legal matters soon after. This is especially true when it comes to inheritances. An inheritance is usually much more than just some extra money or property to look forward to; rather, it is often a sincere and final gift from a dearly missed parent or spouse. Understanding how Texas' inheritance law works can help people make their wishes explicitly clear in their estate plans, and also gives heirs the confidence to assert their rights.

How credit card debt affects estate administration

It is not uncommon for consumers in Texas and around the nation to struggle with credit card debt. The problem is so widespread that many people carry debt for their entire lives. Some of them may wonder what will happen to this credit card debt at the end of their lives. Will their heirs be responsible for paying it or does it simply disappear? The real answer lies somewhere in between as part of the process of estate administration.

Proper planning can help you avoid Medicaid mistakes

Many Texas residents will, at some point, require long-term care. How they pay for that care, though, is a question to which several do not have an answer. The simple truth of the matter is, the cost of care is skyrocketing, and most people cannot afford it on their own. This is where Medicaid can prove helpful, but qualifying for it is not as easy as you would think. Numerous individuals end up making mistakes that will hurt their chances of receiving Medicaid approval.

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2516 Harwood Road
Bedford (Fort Worth), Texas 76021

Toll Free: 800-569-2663
Phone: 817-545-3425 (FW)
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14131 Midway Road
Suite 1100
Addison (Dallas), Texas 75001

Phone: 972-685-5202
Fax: 972-685-5206
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Livens & Reed, PLLC

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Bedford (Fort Worth): 817-545-3425 | Addison (Dallas): 972-685-5202 | Toll-Free: 800-569-2663