Estate Planning

If the thought of blessing others with your processions and money while you're still alive thrills you, Texas tax laws may work in your favor. If you wait until your death, your estate may have to pay up to 55% in government taxes, significantly reducing the amounts...

Estate planning is a crucial part of any retirement plan in Texas. It involves deciding how your assets will be distributed after you pass away, and it can help ensure that your loved ones are taken care of while preserving your legacy. While estate planning may seem...

If you do not carefully plan for your Texas estate, your beneficiaries will have to pay high taxes on your life insurance policy. However, an irrevocable life insurance trust allows you to place your policy into a trust that pays out the policy to your beneficiaries...

A trust account is a bank account set up expressly for the benefit of someone else. It can be used to hold money, property or other assets. The trustee, or person responsible for the account, has a legal responsibility to manage the budget according to the terms...

Talking about death is difficult no matter who you are, but if you have a loved one with developmental disabilities in Texas, that conversation may be even more difficult. However, if you are responsible for a family member with an intellectual disability, planning...

Appointing someone as an agent under a power of attorney gives that person tremendous responsibilities and authority under Texas law. One power of attorney document could list someone in charge of financial decisions, and another POA document could establish someone...

When someone dies, tensions often run high. Never underestimate the importance of the emotional component of splitting up assets in your will. Sibling rivalry can run high, and splitting up assets with blended families can be even more difficult. Planning early and...

It's never easy to talk about estate planning with your parents. However, having this conversation can bring peace of mind to everyone in your family. It may also prevent future conflict between family members. Get a suitable location and time Usually, the best place...

If you were to become incapacitated and no longer able to care for yourself or your property, who would be in control of your healthcare decisions or your property? If incapacity planning is not included in your estate plan, you will give the power to make those...

Many people only want to complete estate planning once, but if you divorce your spouse, you might need to update your wills and trusts. Updating your estate planning ensures that your hard-earned assets go where you want them to after your death. Make sure your estate...