One of the most important aspects of estate planning is finding ways to keep your assets out of probate. This comes with several advantages, including avoiding probate fees and the delay of asset distribution. Transferring ownership of assets to a trust When you...
Year: 2022
Avoid these estate planning mistakes
Not having an estate plan is one of the biggest estate planning mistakes you can make. By failing to plan, you could be leaving your loved ones with a huge financial burden and potential legal problems regarding your Texas estate. However, there are a number of estate...
Everything you need to know about powers of attorney
Estate planning is an important process that everyone should undertake in Texas. Part of estate planning is appointing a power of attorney. Unfortunately, many people do not fully understand the role of a power of attorney. If you're one of them, here's what you need...
Don’t make these business succession planning errors
One of the things you have to plan for your business is who will succeed you. Not having a valid succession plan in place is one of the biggest mistakes made by Texas business owners. This is an error that can lead to consequences that may have a serious effect on...
Achieving Medicaid eligibility by liquidating assets
When Medicaid is granted in a Texas guardianship, there might still be unique limits imposed. This federal and state program exists to overcome the income challenges of Americans who need ongoing medical aid. The program is chiefly funded by the U.S. government, so...
What you need to know about probate in Texas
Wills are an important part of estate planning because they allow you to control what happens after your death. If you die without a will, your beneficiaries may have to go through the probate process to receive your assets. How does probate work? Probate is a legal...