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...
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...
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...
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...
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...
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...
The aftermath of losing a loved one can be one of the most difficult times anyone here in Texas or across the nation will ever face. This can especially hold true if you are suddenly dealing with any estate-related issues that can create a high level of tension...
Establishing an estate plan is one big step towards protecting yourself, your assets and your loved ones. However, the process does not stop there. Estate planning is a continuous journey that you must be mindful of. While you may think it’s enough, your existing...
When creating a power of attorney (POA), it is crucial to choose an individual who is trustworthy and capable of managing your affairs in your stead. Below are some considerations you should have before naming your POA agent. The agent’s characteristics When choosing...
Transferring your assets into a trust can be a smart move when planning for the future. However, many individuals don’t take this step until it’s too late. When this happens, the assets accumulated during a lifetime may be subject to probate rather than personal...
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