Why you should ensure your parents have advanced directives
One critical aspect of end-of-life planning that many families overlook is the necessity of having advanced directives in place. These legally binding documents provide guidance and clarity for medical decisions when an individual becomes unable to communicate their...
When should you change the executor of your will?
An executor plays a crucial part in an estate plan - they ensure the testator's wishes are fulfilled. For this reason, you should choose a reliable executor for your plan. However, in the future, you may need to change them. Here are four reasons that may call for...
Key considerations when choosing an attorney-in-fact
Selecting an attorney-in-fact, also known as a power of attorney, is a significant decision Texas residents must make. It involves entrusting someone with the authority to act on their behalf in legal, financial or personal matters. Whether you designate a loved one,...
When should you consider a spendthrift trust?
One of the biggest goals of estate planning is helping to create generational wealth. The assets you build today have the potential to benefit your children – and even your grandchildren – far into the future. However, that means thinking ahead and anticipating...
Easy Ways to Avoid the Estate Tax
Estate tax is a controversial issue in Texas. There are certain methods you can use in order to minimize your contributions. Employing them will help you pass on a larger portion of your assets to your heirs. Create a family limited partnership Estate planning can...
Avoid these three mistakes when putting together a will
Taking the time to put together a will is a major step. The will is a legal tool that will guide loved ones in the event of death, helping them as they navigate the legalities that come with transferring an estate. It will provide the instructions for who gets what...
Steps to create a Texas living trust
In Texas, creating a living trust as part of your estate plan can simplify your financial matters after your passing, easing some of the burden for your family and loved ones. A living trust also provides peace of mind that the trustee will fulfill your wishes....
Estate planning for younger parents
For most parents in Texas, thinking about a day that they won't be able to care for their children is not something they want to do. However, all parents, even young parents, face the reality that time and unforeseen events could happen. For this reason, many are...
What are the differences between wills and trusts in Texas?
If you’re not familiar with the estate planning process in Texas, all of the tools and terms can seem like the same exact thing. However, there are significant differences between estate planning tools - like wills and trusts, for example. What is a will? A last will...
Estate planning when you are single
Estate planning is an important process that guarantees your assets are distributed as you wish after you pass away. While most people tend to think of estate planning as something that only couples or families engage in, it is equally important for Texas singles....
