Texas residents are told that having even a basic estate plan including a will, powers of attorney and a living will is essential. That is true, but estate planning efforts could be in vain without organizing the important papers that family members will need if an...
Month: November 2014
The importance of wills in estate planning
It is important for Texas residents to set up a last will and testament if they want to dictate how their estates will be divided following their deaths. Incredibly, though, a full 70 percent of Americans do not have a will on file. However, when you consider how much...
Should I pick a professional to administer assets?
Estate planning can seem like an overwhelming process. There is a lot to decide, including where assets should go, how to protect the estate from having to pay any unnecessary fines or taxes and picking a personal representative to administer assets. While the duty of...
Estate planning concerns of farmers who strike it rich
Have you ever dreamed of striking it rich by finding vast reserves of oil in your back yard? The funny thing is, it actually happens sometimes. With the extra riches, though, come added financial responsibilities for Texas residents -- both in terms of managing the...