It is natural to want to avoid creating an estate plan. After all, people in Texas generally prefer not to discuss topics related to death, or they may think that estate planning is not necessary since they do not have many assets. However, developing an estate plan...
Year: 2016
Estate planning 101: is an irrevocable trust right for you?
When most people hear the term "estate planning," they automatically think of a will. For people of modest means with few assets to pass along, few heirs to leave them to or few restrictions on how funds are spent afterwards, a will and testament may be all they need...
Estate planning does not have to be complicated
As people prepare for the busy holidays, creating a will may be one of the farthest things from their minds. However, estate planning is a wise thing to do toward the end of the year. A couple of tips might help individuals in Texas to embark on this process...
Estate planning mistakes, including having no will, can be costly
People at all income levels can benefit from having detailed estate plans. The reality, however, is that many people -- even wealthy celebrities -- make critical estate planning mistakes. A couple of tips may help individuals in Texas to make wise choices when it...
Estate planning essential for blended families
Creating an estate plan is important for every family in Texas. However, it is especially critical for blended families. A few tips may help people with blended families to navigate the complex estate planning process.First, it is important to ensure that all...
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...
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....
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...
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...
Trusts valuable in certain situations
When people in Texas engage in financial planning, naturally their main focus is on creating secure futures for themselves. However, with estate planning, the focus is different. With trusts, in particular, the goal is to benefit charities and surviving loved ones in...