Uncertainty is something that often causes discomfort. However, it can be empowering to be prepared for what could happen in the future in the event of disability or death. This is why estate planning is so critical for families in Texas and other states.Incapacity,...
Month: March 2017
Factoring the estate tax into estate planning
Texans who are estate planning have long considered tax implications as a potential issue for heirs. The last thing that a person wants to do when crafting an estate plan is to leave the heirs with a huge tax bill. With the new presidential administration of Donald J....
Are you prepared for expected and unexpected business changes?
If you sat down today to write a list of pros and cons regarding your journey as a business owner, hopefully, your pros list would be the longer of the two. Sure, creating, launching and growing a business to success is wrought with challenge, but it can certainly be...
Estate planning can provide a peace of mind
Creating an estate plan is a task that is often left undone due to other competing priorities in life. However, it is essential for preserving assets, privacy and wealth when death strikes, and death can strike at any age. A few tips may help to make the estate...
Tactics to avoid probate problems
When a person dies, his or her property is known as that person's estate. A probate court oversees the administration of the estate, distributing the assets and paying off the debts. Unfortunately, the process of moving an estate through probate can be slow and...
Younger people should not ignore creating an estate plan
The idea of drafting estate planning documents and formulating strategies for the long-range future might be something that many Texans view as the responsibility of older people. However, younger people are well-advised to be aware of the need to craft an estate...
Estate planning and retirement planning go hand in hand
A challenge in planning for retirement is not knowing how long life will last. This makes it difficult to do budgeting for the remaining years of life, but it also makes it harder to ensure that an estate ends up in the proper hands down the road. A few tips may help...
Legal help with the common probate issues in Texas
Probate issues can be complicated and difficult to understand for many Texans. In an attempt to make them clearer, it is beneficial to know the three different types of probate administration. There are benefits and negatives to all three types. For those who are...
Putting off estate planning can be detrimental
Thinking about dying generally is not a pleasant experience. However, planning an estate is a critical part of life planning. Contrary to popular belief, estate planning is not too difficult and is worthwhile in Texas.An important part of estate planning is being...
Estate planning involves creating 4 essential documents
It is common to think that an estate plan is not necessary if there is not much money is in the bank. However, whether an estate plan is needed or not is not based solely on the amount of wealth present. Anybody with anything of worth in Texas may benefit from the...