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...
You might hear families in Texas and around the nation say that probate is the last thing they want to go through when a loved one passes away and their estate begins to be distributed. One of the biggest reasons behind avoiding probate is because of its long and...
Families in Texas and throughout the country may be spending time together this holiday season, or at least staying in touch with one another. Typically, the topics of death and money are off-limits during family events. However, failing to have an estate planning...
Finalizing an estate plan means accepting that incapacity and death are possibilities. It can be hard for people in Texas to confront that reality about themselves. Making an estate plan is a lot of work, but it's worth it because an estate plan can save a lot of...
Just because you've gone through a divorce at a late age does not mean you'll never find love again. This is the reality for many Texas seniors as they have been able to find love only a few years after their initial divorce. However, just like a divorce, the process...
As more older adults in Texas divorce and remarry, it's important to think about the way that divorce can impact financial planning. Partly, that involves financial settlements for ex-spouses, but it's important to think about the impact of remarriage on estate...
When a Texas resident dies, the executor named in their will is responsible for paying bills and taxes and distributing assets according to the terms outlined in the will. However, in some cases, the executor might pass away before the will holder. If no one else is...