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A new marriage is certainly a joyous occasion. However, it is also a good reason to revisit your current estate plan to ensure it continues to meet your needs. According to the AARP, there are many common estate planning mistakes that can impact people in new...
When you create your estate plan, some named people will have active roles while others will have more passive ones. For example, a healthcare proxy will have an active role in that they will make medical decisions on your behalf if you cannot. A beneficiary will...
One reason that people want to avoid probate is because the process sometimes takes a long time. Heirs to an estate may have to wait months or even a year until probate is complete. Probate does not have to last long, though. There are usually reasons why probate...
There is no age prerequisite to start putting your estate plan together, although the sooner, the better. Even beginning the process in your 20s is not too soon. With children, a house and medical issues, items to place in your estate plan pile up. Then something...
One of the goals of the estate planning process is to help you optimize those opportunities to preserve assets for the benefit of your heirs in Texas. Yet the assumption is that no amount of planning offers the chance to avoid one inevitable expense: estate taxes. ...
In a perfect world, your loved ones would enjoy easy and fast access to your assets after you die, but this is not always the case. Unless you take certain steps when working on your Texas estate plan, your beneficiaries may have to spend time and money working their...
There are many good reasons to craft a solid estate plan, but many Americans put off doing so. This results in thousands of Americans dying without an estate plan in place every year. When this occurs, it can cause a lot of difficulty both on the familial and legal...
When you have a child with special needs, you may have to plan for a future where you will not be there. According to CNBC, you may need to consider a special needs trust. The following can help guide you on how to establish a special needs trust. Create a team for...
The family home is many people's most valuable asset; however, leaving the home to your children in your will is not always the best option. How should you determine what to do with your home when you pass away? Financial experts suggest that it depends on several...
When considering fiduciary representation for your estate, it is important to get a clear understanding of the term fiduciary. The term fiduciary often has different meanings for different people. In the legal realm, however, the term takes on a more precise meaning....