Things don’t always work out long-term with spouses you have a child with. But, ending a marriage with your child’s parent does not mean that you are consigned to being single forever. Many parents go on to find true love with someone else. One thing you will need to...
Estate Planning
What is a testamentary trust and why should you consider it?
A testamentary trust is one that you establish through your last will and testament. This means that your will’s executor must create and transfer assets into a trust. They will also name the trustee and beneficiaries according to the terms in your will. There are...
Can you probate a copy of a will in Texas?
To fulfill your loved one’s wishes according to their last will, you will need to submit their will to probate court. And to do that, you must have its original copy. But what if you cannot find the original will? In Texas, it is possible to file a copy of your loved...
When should I update my estate plan?
Creating an estate plan can be daunting, and it often involves multiple steps from start to finish. After completing this process, you may feel safe once you complete the paperwork and store it somewhere secure. Still, there could be many reasons to revisit these...
Debunking common misconceptions about estate planning
Estate planning is an integral part of financial management. It is essential for everyone, but because not many people understand its importance, they believe it is only for specific individuals. Understanding the importance of estate planning is crucial. It can help...
What ending your marriage means for your estate plan
If you already have an estate plan in place as you prepare to divorce, you’re ahead of most people. Divorce, however, is one of those life changes that will likely inspire multiple modifications to your estate plan documents. It’s smart to have estate planning...
What are the rules of intestacy in Texas?
Have you ever wondered what happens to your assets and properties if you pass away without a will in Texas? The state has a plan for that, but it might not match your wishes. Texas intestacy laws kick in when someone dies without a valid will, and these rules can...
What is succession planning?
Business owners often have a lot on their plates. They need to know the tiniest details about company operations while simultaneously focusing on long-term goals. They need to have a plan for the future while actively pivoting to respond to changing economic...
Comparing irrevocable and revocable trusts
A thorough Texas estate plan extends beyond simply having a will. If you are estate planning and you wish to add stipulations that will better protect your assets, you may wish to include a trust in your plan. Using a trust gives you more control over use of your...
The risks of not fully detailing your estate plan
In estate planning, you will often come across advice telling you to make it as comprehensive as possible to allow you to address as many potential issues surrounding your estate. When you do not fully specify the details of your estate plan, it can create potential...