Discussing the existence of a will can be a sensitive topic for many families. In fact, estate planning is often a topic that many people do not want to address because it brings up the idea of death. However, one of the best things any adult can do for their family...
Estate Planning
R-E-S-P-E-C-T your legacy: Estate planning lessons from Aretha Franklin’s saga
The life and music of Aretha Franklin, the "Queen of Soul," continues to inspire millions. However, the story of her estate after her passing in 2018 serves as a cautionary tale about the importance of proper estate planning. The ensuing legal battle between her four...
What are holographic wills, and how can they cause disputes?
Many people prefer to consult with a professional and have them draft a will, which must include two witnesses' signatures. Texas law allows you to write the will yourself without having witnesses sign it if you handwrite it. Although it's possible to do it alone, it...
How to provide for a disabled child in an estate plan
Medical advances have allowed many children in Texas with significant disabilities to grow into adults. While they have increased lifespans, many will never be able to live independently and remain dependent on their parents. Parents of disabled adult children must...
Discussing estate plans with your parents
Estate planning involves drafting a will and other essential documents. Effective estate planning can simplify probate in Texas compared to dying without a will. However, only some people put effort into it. Children of parents who have not drawn up a will may benefit...
Lessons learned from Aretha Franklin’s estate nightmare
Aretha Franklin was a female vocalist known as the Queen of Soul. With fans around Texas, the nation and worldwide, many mourned when this legendary singer passed away in 2018. From a career that spanned decades, Franklin's estate had an estimated net worth of $80...
Developing a succession plan for your business
As a Texas business owner, having a plan in place for the future of your business, including what will happen if you're no longer able to run the company, is vital for management, staff and customers. Developing a succession plan can ensure that your business...
The Texas HHS Guardianship Services Program
When a Texas resident becomes incapacitated because of age, injury, or disease, the court may appoint an individual to protect and take care of them. The person providing care is called a guardian, and the person being cared for is called a ward. Judges prefer to...
Beneficiary mistakes to avoid during estate planning
Your beneficiaries receive benefits from assets such as life insurance and retirement accounts. You’re responsible for naming your beneficiaries and providing the correct information. Here are some common mistakes that Texas residents should avoid regarding...
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...