When you discuss estate planning with your family, it is easy to imagine you talking about what property you wish to pass down. The house, the car and any wealth you have are high up on the list of things you need to handle. However, there are several types of assets...
Many people in Texas delay or avoid estate planning, but doing so is never a good idea. Some cite similar reasons for not putting an estate plan together, and not having children is a common one. However, there are several key reasons having an estate plan benefits...
Trusts are an essential part of estate planning used to protect your plans for your assets after you die. They allow a trustee to hold and distribute your property for the benefit of another person. Consider the four main categories and some of the types of trusts...
When planning your estate, you can choose the type of care you may want if you can no longer decide for yourself. Likewise, you can select the type of facility you may want to move to if you require around-the-clock care. You do not have to wait until something...
When you create an estate plan, you name one or more people to manage your affairs in the event of your death or incapacitation. The individual or individuals who take on these administrative duties on your behalf are fiduciaries. The documents you include in your...
Bitcoin introduced the first cryptocurrency in 2009. About 21% of American adults are or were cryptocurrency owners. While cryptocurrency has become more mainstream, states are still wrestling with legal issues involving the currency. Many wonder what will happen to...
While people of all ages should think about their estate plan, it becomes even more critical as a person ages. Having a conversation about estate planning is difficult, particularly when you want to share the conversation with your parents. However, having a...
When someone creates an estate plan or related documents such as a will, it is important for the person to have a clear, unbiased frame of mind. To that end, it is important to keep an eye out for the possibility of undue influence. What exactly is it, and how does it...
Someone who asks you to be the executor of an estate is showing a great deal of trust in you. To be worthy of that trust, you should be honest with the individual and yourself about whether you are able to take on the responsibility. LinkedIn suggests some questions...
When it comes to an estate plan, many people think of older, wealthier people with many assets and property. That concept may factor into while only 33% of American adults have a living trust or will, according to Caring.com. An estate plan actually involves putting...