For many individuals in Texas and other states, the estate plan is one of the most confusing elements of their financial plans. This is because estate planning features complex legal documents, and maximizing the legacies that people leave to their heirs can be...
Month: September 2015
Trust is preferred estate planning vehicle in certain situations
One reason people may not want to engage in estate planning is because they prefer not to discuss death. Another reason is that they might be overwhelmed with the process of developing effective estate plans. Both a will and a trust are valuable estate planning...
Estate administration is a complex process
A will allows individuals in Texas to state their preferences for how their property will be handled in the event of their death. This type of document essentially acts as an instruction manual for the probate court, which oversees estate administration along with...
Estate planning can be tricky when vacation home is involved
People in Texas understandably prefer not to discuss topics related to death, which is why developing a will is often not high on the totem pole of priorities. However, estate planning is a wise move for those who wish to pass on their assets to certain individuals in...