It can be difficult to watch your parents grow older, and as their child, you want to be sure they have what they need for their golden years. This includes medical care they may need, financial support in case they require long-term care and more. You also want to be...
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Probate & Estate Administration
How a simple will can accomplish a lot in your estate plan
Estate planning can be a complex process. Some people create multiple trusts, several powers of attorney and numerous other documents, like a living will. The idea that you need to invest hours of time in the creation of so many different documents could deter you...
The benefits of a special needs trust
If you want to make sure your loved one with disabilities is provided for after you’re gone, consider creating a special needs trust in your estate plan. A trust is an arrangement under which one person’s assets are managed by a third party (known as a trustee) to...
3 signs a will was potentially drafted under duress
It is not uncommon to feel a certain degree of unease after the loss of a loved one. When the decedent had an estate plan in place, though, the documents can prevent unnecessary arguments and familial disputes. Certain factors, however, could lead one to question the...
What is your executor prohibited from doing?
While deciding whom to name as your estate executor, you want to know what powers the role comes with. Do you have a clear understanding of an executor’s roles and responsibilities? Forbes notes the powers executors do and don’t have. Ensure the person you choose for...
Pros and cons of a testamentary trust
Estate planning helps ensure your assets are passed along to your beneficiaries as efficiently and smoothly as possible when you die. While a will is a vital component of most Texas estate plans, more sophisticated planning includes trusts, which offer many benefits....
When to update your will
A will is an important testamentary document that you may choose to include in your comprehensive estate plan. Unfortunately, many individuals believe that their estate planning work is finished once they have created all their necessary estate planning documents....
5 issues that may lead to estate litigation
Some siblings play nice throughout most of their lives. Any cracks in their relationship often are swiftly filled in with spackle. No evidence of animosity, just a seemingly smooth-going relationship. Sometimes, though, detente lasts only until the death of a parent...
What are the documents that should be in an estate plan?
Estate planning, and doing it right, is important for estate planners to understand. An effective estate plan can provide important protections for estate planners and their families which is why it is useful to be familiar with the estate planning documents that...
Benefits of a charitable lead trust for beneficiaries
Charitable lead trusts can be an efficient way to transfer assets to family members, reduce tax liability and make a significant difference in the lives of others by establishing a legacy of giving. This type of irrevocable trust donates payments to one or more...