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August 2016 Archives

Important estate planning step is reviewing one's estate plan

Completing and implementing an estate plan is just the first step when trying to plan for death or incapacitation in the future. The second important step of estate planning in Texas is to thoroughly review it. Conducting a review is wise about every five years.

Trusts require reliable people to serve as trustees

People in Texas often focus on planning for the future, such as saving for their children's college education or for their retirement, but estate planning is one area that is frequently neglected. However, creating estate plans, including documents such as wills and trusts, is an essential task for adults both young and old. Trusts are particularly valuable for ensuring that one's property will be distributed as one desires.

Identifying beneficiaries is an important part of estate planning

Having an estate plan in place is paramount for a person in Texas to protect his or her assets in the event of his or her death. It can also help to prevent bickering among surviving family members. Identifying beneficiaries is one of the most important steps in creating an estate plan.

Estate planning using DIY documents can be dangerous

The thought of dying is uncomfortable for many individuals in Texas, which is why making plans for one's estate is often placed on the back burner of people's priorities. However, estate planning is necessary to protect one's assets when one dies. It also helps to prevent infighting among family members after one's death.