One important element of the estate planning process in Texas involves recognizing those opportunities where one can limit the liabilities facing their estates. Most assume, however, that taxes are one expense they cannot avoid. Yet that may not be the case. First and...
Following the reading of a will, perhaps you felt deeply disappointed about what your relative did or did not leave to you. You may believe the inheritance is not consistent with what he once told you he wanted you to have. Should you challenge the will? Here are...
Agreeing to oversee someone's estate means a lot of important responsibilities rest on your shoulders. Whoever entrusted you with their life's savings must have thought highly of your integrity, experience and reliability. Understanding your responsibilities can help...
Experts suggest that you review your estate plan every three or so years. This can feel like a monumental task, especially if you have a detailed and lengthy estate plan. But fortunately, you do not need to review the entirety of it every time. In fact, there are...
A primary goal of many estate planners is to help their heirs avoid probate. Avoiding probate can save your heirs a lot of frustration. Additionally, some people do not care for the very public nature of probate. One potential way to avoid your home going through...
Texans with disabilities are often eligible for public benefits, such as Medicaid or Supplemental Security Income. To qualify for these and other programs, though, a person must have limited income. Using your estate plan to gift funds directly to a relative who has a...
Some individuals need someone else to take care of their physical or financial needs because of incapacitation or age. For example, a minor needs an adult guardian, and a person with a disability may need a guardian to make decisions about finances and/or health care...
It is a shocking truth that many Americans have no estate plan. Of course, many people, particularly younger individuals who do not have much in the way of assets, believe that estate planning is only for the wealthy and established. This is not true. However, it is...
Estate planning is not for the faint of heart. The often complicated process involves careful consideration and drafting of several documents that will be used to settle your property. While you may have created a last will and testament, you and your...