Texas residents who are looking to move assets outside of their estates will typically make gifts to irrevocable trusts. However, the downside to an irrevocable trust is that an individual loses control of that asset once the gift is made. This means that he or she is...
Month: March 2020
Month: March 2020
Why you should consider creating a trust
Right now, you may be sitting in your Texas home contemplating when and how you will begin crafting your estate plan. If you are like many folks, you might feel uncomfortable thinking about your own mortality. However, there are many great reasons why you should...
Appointing the right people under a power of attorney
Some people in Texas might have heard that a power of attorney can be a useful tool as part of an estate plan. This is true, but it also a powerful tool, and this means that it should be created with care. A power of attorney can give another individual power over a...
What to look for during an estate plan review
Texas residents and others may believe that their estate plan accurately represents their final wishes. However, it is important to review an estate plan every so often to ensure that this is the case. During a review, it is a good idea to determine if a will is...