Although planning for one's death is generally not an appealing activity for individuals in Texas and other states, creating an estate plan is essential for protecting one's assets in the event of one's death. Unfortunately, sometimes people do not create estate...
Year: 2016
Naming beneficiaries has long-term consequences
Deciding how one should designate beneficiaries for an asset, such as an insurance policy or company retirement plan, in Texas may seem relatively straightforward. Individuals most likely prefer to designate people who are close to them as beneficiaries of any...
Estate planning may help to protect a business
When a person spends several years of his or her life building a business in Texas, all of his or her hard work can end up falling apart if he or she dies prematurely and has failed to do engage in estate planning. If the business is worth a million dollars, for...
Dependent administration one type of estate administration
Dealing with the death of a loved one can be emotionally challenging. However, the process can be legally challenging and complicated as well. The assistance of an attorney can help people in Texas who are executors of wills or those who desire to become...
Trusts for pets growing in popularity
The trust is one of the most useful legal inventions to arrive on the scene in the past thousand years. Trusts essentially allow people to control their assets after they have died. This is done by giving property or money to trustees and then telling the trustees...
Aging parents important consideration in estate planning
Estate planning basics have not changed in recent times. However, three major elements of estate planning that have emerged in recent years in Texas and other states are making the process a growing necessity. These elements -- aging parents, digital assets...
Estate planning also important for single people
Many single people in Texas may feel as though they do not need estate plans since they do not have families of their own. However, estate planning is essential for both married and single individuals. In fact, it is almost even more important for single people than...
Designating beneficiaries an important aspect of estate planning
One aspect of estate planning that is often forgotten is beneficiary designations for various assets. These assets include individual retirement accounts, life insurance policies, annuities and employer retirement plans. This spring is a wise time to take a look at...
Living trusts can help people to avoid probate
When Texas residents pass away, their property and possessions typically go through the probate process. This process involves the settlement as well as the distribution of the decedents' assets in a manner that honors the terms of their wills. However, trusts can be...
Major life events trigger need for estate planning
Predicting the future is impossible, and life has the potential to change instantly. This is why it is critical for people in Texas to be prepared by engaging in estate planning. Estate planning allows people to plan for their deaths as well as for incapacity,...