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...
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...
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...
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...
Texas residents may decide to use boilerplate forms to construct their estate plans. They might believe that doing so will be an easier and less expensive way to adequately meet their needs. However, there could be a variety of unintended consequences that occur as a...
When people in Texas create an estate plan, they may use a will, a trust, or other documents to pass assets to beneficiaries. Wills do not take effect until after a person's death. Trusts generally take effect immediately unless they are testamentary trusts. A...
Thinking about dying is not something most Houston residents want to do. This makes estate planning an arduous task. Considering what to do with property after death is one thing, but considering what kind of end-of-life measures a person may want could be too much....
Texas families often avoid the very critical task of devising an estate plan because they are in the dark about what it means or just simply afraid to think about their own death. However, they can design an effective estate plan by taking things one step at a time....
Estate planning is a complex subject, and there are many different issues that converge to make your estate. However, if there is one central point to all of these entangled matters, it is the will. Your will is incredibly important and it provides the backbone to...
There are times when difficult decisions may need to be made with respect to a will, from deciding who to name as the executor to figuring out how to distribute your assets among loved ones. Moreover, this can be a highly emotional time and some people simply are...