Steps in creating an estate plan
People in Texas may want to take steps to create an estate plan to ensure their family members are taken care of and their assets go to the people intended. Knowing where to begin can be daunting. There is a lot of information available about estate planning. Someone...
Understanding Guardianship
For many, setting up a guardianship for a beloved family member may be a growing concern. Several do not know how to begin with the process and others are unaware of the rights and obligations that can arise from taking on this responsibility. It is important for...
What is probate?
After your loved one passes away, the legal processes that follow can be confusing. Dealing with probate can be a long process. But most don’t know what probate is and how the process goes. Probate occurs after someone’s death. It ensures that the heirs are getting...
6 scenarios in which to consider setting up a trust
Estate planning can include many components. One component you may consider is a trust. However, just like a will, a trust is not perfect for every circumstance. It can be an extremely flexible way to control your assets, but it also has downsides. A trust, for...
Dos and don’ts for discussing assisted living with a parent
Even the idea of assisted living or a nursing home can strike fear into the hearts of many older Americans. It is an extremely sensitive topic and, therefore, you should approach it with care. If you feel that moving your parent or loved one to assisted living or...
Should I use a do-it-yourself estate plan?
The recent coronavirus pandemic has led to a surge in estate planning requests. It is tempting to update or put together an estate plan with a do-it-yourself or fill in the blank option. In some cases, this format may work. Those who are relatively young, do not have...
Why estate planning is a smart move for everybody
It's not something many of us enjoy thinking about, but just as we are all born, someday we all will pass away. While general estate legalities will occur, a proper estate plan allows family members and all beneficiaries to properly grieve without having to deal with...
10 signs it’s time to update your estate plan
The good news is that you created an estate plan. You took the step, signed the documents and proved yourself more responsible than roughly two-thirds of American adults. The bad news? Life is full of changes. Many of the changes in your life may weaken your estate...
4 criteria to consider when choosing a fiduciary
Creating an estate plan involves many difficult decisions. One important decision is who will take care of you and your estate in the event of incapacitation or death. This individual is known as a fiduciary. You may have heard the terms executor, agent or trustee....
Is succession planning necessary for my business?
Owning a business can be an incredibly satisfying and fulfilling experience. You’re likely proud of your company and of the growth you’ve made since the beginning. The idea of leaving your business behind can be emotional and challenging, but there comes a time in all...
