While Texas has some of the most flexible laws when it comes to executing wills, that does not change the fact that writing a will can be a difficult and emotional task. This is why many who take the courageous step to write a will may feel some sense of relief, tuck...
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Estate Planning
What goes in a complete estate plan?
A new year and a new decade may mean you are making plans for big changes in your life. These changes may go beyond the usual resolutions you make and break every year, such as losing weight, paying down debt or watching less TV. You are thinking of taking steps that...
Is a health care power of attorney really that important?
The short answer to this question is absolutely. Without a doubt, a power of attorney can save your life. It may seem a little dramatic that a document could do that, but in many cases of serious illness or injury, time is of the essence.In the absence of powers...
How does an administration bond apply to closing an estate?
After the passing of your loved one, you may not have expected to find yourself being in charge of settling his or her final affairs. You may have learned that your loved one died without a will or did not appoint an executor even if he or she did create a will. As a...
Does sibling rivalry have you concerned about estate planning?
Like most Texas parents, you love each of your children fully. Of course, you may not love the way that they have bickered and fought their entire lives. You may have pictured your children being the best of friends, but that did not turn out to be the case as sibling...
A spendthrift trust can control the spending of heirs
You spent a significant part of your life working to earn money. Perhaps you saved and invested so that you would have a little something-or a lot of something-to leave to your children. Like many in Texas who have this dream, it may give you joy to think of your...
Have you planned for possible incapacitation?
If you are like most people, when you think about estate planning you think about a plan that addresses what you would like to happen after you die. Some estate planning tools, such as wills and trusts, do allow this. However, a complete estate plan addresses much...
Moving to a different state means updating your will
You know your time on Earth is limited to an unknown amount of years, months, weeks and days. One of the best ways to ensure you are being responsible with your time and investments is developing an estate plan. Having a will is an important part of estate...
Can I leave an inheritance to my pets?
The classic Walt Disney movie The Aristocats paints a cute picture – without any human relatives, a wealthy woman leaves her fortune to her beloved cats. You love your pets as much as the character in the movie did. However, leaving an inheritance to your furry...
How a living trust can benefit you
As a reasonably well-to-do Texan, your finances probably more than meet your needs and those of your family. However, have you ever considered how setting up a trust could enhance your overall financial situation? If not, here is an overview of how a living trust...