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April 2012 Archives

How to handle a large inheritance

Many in Texas who work to create an estate plan understandably do so with their heirs in mind. Typically hoping to make a difference in the lives of their beneficiaries, estate planners create documents that often arrange for the transfer of large sums of money to beneficiaries. But these large bequests, welcome as they may be, can create financial issues that deserve careful consideration.

Estate planning in Texas merits periodic review

Updating an estate plan can assist Texas residents in making sure that their wishes for property distribution are followed after their deaths. A periodic review may benefit heirs as well as the individual engaged in estate planning. Additionally, making sure that an estate plan is up to date will avoid any surprises for beneficiaries when it comes time to settle an estate.

The importance of choosing the right trustee in Texas

As many Texas residents know, trusts and wills are just two of the many estate planning tools available today. These documents, however, can control the distribution of assets after death and may be the only instructions available to your family and the court. When deciding the terms of these estate planning instruments, there are many factors to consider, including who will be best fit to manage them after your death.

How can you avoid trust issues before they arise?

When Texas residents undertake the task of estate planning, the creation of trusts may become a vital part of the process. However, a successful trust may be more difficult to create than one may think. Avoiding the pitfalls of estate planning can come with some simple suggestions that can make the necessary steps easier and ensure that trusts properly prepare a person's heirs to handle their estate.