One huge misconception about creating an estate plan in Texas is that only people who are married really need one. The truth is that an estate plan, in which beneficiaries are named, is equally as important for single people. This is because an estate plan is designed...
Month: June 2016
Estate planning involves starting a discussion, gathering info
Estate planning is something that people in Texas, including business people, often put off until they absolutely have to do it. Unfortunately, sometimes they wait until it is too late to do estate planning. For business people, this means a business might not make it...
Essential documents in Texas estate planning
The most challenging part of deciding how assets will be distributed following one's death is trying to understand the documentation and terminology related to estate planning. Unfortunately, a lack of understanding can easily cause a person and his or her family to...
Special-needs trusts designed to help parents of disabled
People in Texas usually think about wills when they hear about the need to do estate planning. However, trusts are also important components of estate plans. One type of trust that is particularly valuable for parents whose children will have lifelong special needs is...
Estate planning updates necessary during major life changes
When it comes to juggling all of a person's modern-day responsibilities in Texas, making plans that affect one's final wishes often end up low on the priority list. Part of the reason for this is because people prefer not to discuss the possibility of death. Another...