A will may be essential for assuring that your assets are distributed in accordance with your wishes and that a guardian cares for minor children. Selecting or changing an executor is an important part of estate planning because they help assure that terms of your...
The 4.7 million Americans who moved to a different state in 2019 had to get a new driver’s license, update their address, and find a new doctor. Anyone moving into Texas or making another interstate move should also update their estate planning documents to assure...
If you have a loved one with extensive medical needs, then your might be worried about their future after your gone. As we’ve discussed previously on the blog, a special needs trust might be a great estate planning tool for you to help provide for your loved one....
A lot of people put off estate planning. There’s no universal reason for doing so. Some people are scared to think about their own mortality, while others simply don’t see a need until it’s too late. Others think that their assets will pass down to their loved ones...
You may have a comprehensive estate plan in place detailing your end-of-life wishes and who you want to inherit your assets upon your death, but have you taken the step of discussing these plans with your adult children who will be affected by the plan? It is a step...
Estate planning is an important process for everyone, but it can be a more pressing matter for those who are getting older. With that in mind, you might have found your way to our blog because you’re concerned about your parents’ estate plan or lack thereof. It’s not...
Generally, states have very similar laws regarding wills and trusts creation and requirements. A will is a document that legally binds a person’s property to be distributed according to that person’s wishes after his or her death. A trust provides a person options to...
Many Texas residents have heard of wills, but are unfamiliar with revocable living trusts. Revocable living trusts allow you to have a say in how your property will be handled while you are living and after you pass away. If you choose to set up a revocable living...
Planning your estate ensures your assets and possessions will be distributed according to your wishes. Furthermore, it lightens the burden on grieving family members caught up in funeral planning. Despite all of the above benefits, many people will die with no will or...
Seniors who find themselves or a loved one needing costly medical procedures or a move to a nursing home fear they will deplete their estate assets to pay the bills. And they realize the high cost of long-term care will mean that they have to find a way of...
