Even Texans who take the steps to create an estate plan might not have implemented all the correct strategies based on their individual circumstances. There are certain mistakes that people will commonly make when they are drafting estate planning documents. These can...
Estate Planning
Estate planning tips for newlyweds
The summer wedding season is just around the corner. With that, thousands of couples will pledge to share their lives together while entering a new chapter of their lives. Indeed, weddings can come with their own set of set of concerns. After all, couples may worry...
Calculating fairness and equality in estate planning
Even Texans who take the necessary steps to formulate an estate plan might still sow the seeds for family disputes if the proper strategies are not implemented. Frequently, there is an issue with the division of assets and it does not have to do with their equal...
Why millenials should think about estate planning
The common notion of estate planning is that one needs to have significant assets or must be in their golden years. But as times change and cultures change, the traditional norms surrounding estate planning also change. Essentially, estate planning is not limited to...
An effective estate plan includes regular updates
Texans who believe that time is on their side and that youth is a justification not to create wills and trusts are often caught flat-footed if something happens. Regardless of age, people need to be aware of the need to have certain documents prepared just in case of...
Wills, trusts and other aspects of an estate plan are essential
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...
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...
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 pitfalls should to avoid
Many Houston area residents will eventually get to the point where they realize that they need to have an estate plan drafted. There are many different reasons for why people finally get to this realization; perhaps a child has been born, or the family is beginning to...