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One of the things you have to plan for your business is who will succeed you. Not having a valid succession plan in place is one of the biggest mistakes made by Texas business owners. This is an error that can lead to consequences that may have a serious effect on...
When Medicaid is granted in a Texas guardianship, there might still be unique limits imposed. This federal and state program exists to overcome the income challenges of Americans who need ongoing medical aid. The program is chiefly funded by the U.S. government, so...
Wills are an important part of estate planning because they allow you to control what happens after your death. If you die without a will, your beneficiaries may have to go through the probate process to receive your assets. How does probate work? Probate is a legal...
A will could be pivotal in ensuring a fair transfer of your estate when you die. There are, however, a few things that have no place in a will. Understanding the scope of your will gives you an advantage now as you're estate planning. Public courts in Texas will honor...
When it comes to estate planning, it's important to know how to keep your assets protected and ensure that valuable items or cash go to the intended parties. If you're a Texas resident looking to make detailed plans for your estate, here are some ways to protect your...
Texas residents should not expect to undergo initial estate planning and then forget about it. Several situations could indicate that you need to update your estate plan sooner rather than later. Tax changes When federal or state laws governing inheritance and taxes...
There comes a time in every business owner's life where they need to start thinking about who will succeed them once they retire. During this time, the business owner needs to create a succession plan so that the business can thrive without them. Here are some common...
Many people have medical issues that result in the constant need for monitoring and treatment, possibly leading to nursing home confinement. The primary problem that most individuals face is one of insurance and funding of that care, which is a very expensive...
When relatives pass away, many people feel overwhelmed by the daunting process of dealing with probate. If the decedent did not leave a will, the process can get more complicated. An attorney in Texas may assist the surviving family members with probate. Things may...
As we know, a will is an essential element of estate planning. When a person creates a will, he or she usually assumes that their estate planning needs are completed. Peace of mind along with a smooth transition is on the way, or so you think. However, just because...