It is not uncommon for people in the state of Texas who want to avoid probate to utilize joint tenancy instead of creating trusts or wills. Joint tenancy is possible when the owner of an asset decides to transfer it to a beneficiary by placing the beneficiary's name...
Month: April 2017
Preventing family conflict is possible through estate planning
Estate battles involving celebrities are often witnessed in the news, but these fights often happen for typical families in the state of Texas as well. Family structures that are complex are becoming increasingly common. As a result, some steps, including estate...
How trusts can be used to protect a child if a marriage ends
Texans who are considering ways to provide for their loved ones after they have passed will frequently be torn between wills and trusts. For some, the idea of inserting a trust into the will is taken into consideration. There could be a variety of reasons for this,...
Pet trust may be helpful estate planning tool for pet owners
For many families in Texas, their pets hold a special place in their lives. Unfortunately, these same pets are rarely given a place in their owners' estate plans. Estate planning is critical for ensuring that they receive the care they need after their owners'...
Estate planning important for pets, too
Talking about death is typically uncomfortable, which may be why putting together an estate plan is often avoided in Texas and elsewhere. However, because death cannot be avoided, estate planning is an essential to-do-list item. When creating an estate plan, it is...
Estate complexities and how to deal with them
Most Texans will understand the important of formulating an estate plan, but not have an in-depth knowledge of why it is important or what factors will come into play. Similarly, there are certain issues that will have an influence on an estate plan and must be fully...