Coming to grips with one's mortality is never easy, but Texans of all walks of life must do so and plan for the future. It is an unavoidable reality that the day will come when a person will no longer be there. That is when planning will come to the forefront. Having...
Year: 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...
Wills, trusts better than joint tenancy
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...
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,...
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...
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...
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 helps with tackling uncertainty
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,...
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...