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October 2016 Archives

Living wills helpful for addressing end-of-life issues

It is understandable for individuals in Texas to want to avoid talking about end-of-life matters. However, discussions about these issues are important since medical advances today are making it possible for people to prolong their lives more than ever before. With estate planning documents known as living wills, people can ensure that things happen according to their wishes at the end of their lives.

Multiple documents are essential parts of estate planning

People in Texas and other states often focus on increasing their financial wellness but neglect one important area: developing an estate plan. The estate planning process is not the same for everybody, as people are in different family and financial situations. However, it is critical for people of all ages, health statuses and wealth levels.

Several questions important to ask during estate planning

For some individuals in Texas, the thought of developing an estate plan is emotional and stressful. It brings up fears about discussing subjects that people naturally find uncomfortable, such as disability and death. However, estate planning is a necessary process for protecting one's assets and wishes in the event of death or incapacitation in the future.

Estate planning involves identifying some key individuals

Some people in Texas think they do not need estate plans until they have accumulated more wealth. Others believe that estate plans are unnecessary until they have had children. In reality, people in Texas can benefit from estate planning at all stages of life and at all income levels.