After signing your will, your powers of attorney and any other legal documents, you might have curious family members inquire about your finalized estate plan. Some loved ones are only asking because they care, while others might try to figure out if they will receive...
If you are a business owner, you may want the company to remain in your family after your death. You want to minimize taxes and avoid probate, and there are trusts that can help you achieve your succession planning goals. About a succession plan A succession plan for...
It may seem like an honor to be appointed the executor of an estate in Texas, but there are serious things to consider before the requested accepts the job. According to the estates code in Texas, an executor should take care of an estate property as they would take...
Considering powers of attorney is a critical component of your estate planning process. Powers of attorney are legal documents that give another person permission to act on your behalf if you cannot make decisions yourself. Powers of attorney can name different people...
The executor of your will is the person you choose to manage your estate and carry out the wishes you express in your will after your death. A successor executor is someone whom you name as a backup. According to Kiplinger, a successor executor is not a requirement...
Creating an estate plan is not the end of the estate planning process. Many workers in the estate planning industry press the importance of keeping an estate plan updated. This means reviewing the estate plan with some degree of regularity. But why is this necessary...
Helping your aging parents through the estate planning process and talking through their end-of-life wishes already brings up a lot of heavy emotions. If your loved one recently learned of their Alzheimer’s or other dementia diagnosis, the weight of estate planning...
If you are thinking about estate planning tools, basic documents include powers of attorney (POA) for healthcare and finances. It is important for you to discuss these documents with your attorney sooner than later since delaying could jeopardize your opportunity to...
If you are writing your estate plan, you may be thinking about leaving cash or other assets to a charitable organization. According to the National Philanthropic Trust, you have more than 1.5 million from which to choose. Unfortunately, though, some charities simply...
When someone picks an executor for their estate plan, they do so with the idea that this person will be trustworthy and someone who can see their plans through. But these are not the only skills that an executor should possess. In fact, this is an enormous job that...