People naturally may not be interested in putting together a will simply because they prefer to avoid the topic of death. If they end up dying without a will, though, their true wishes regarding what happens to their property and valuable assets might not be upheld....
Estate Planning
Estate planning tips: Remember to update beneficiary designations
Beneficiary designations listed on financial accounts can supersede anything written in a last will and testament. Even if a will is redrafted after a divorce, if the beneficiary designation on a 401(k) account is not updated to remove the ex-spouse, then the...
Estate planning process features a few essential steps
People in Texas realize the importance of preparing for the future, such as investing for retirement purposes, but they are often not as excited about engaging in estate planning. After all, estate planning requires both time and effort, and people naturally prefer...
During estate planning, do not forget digital assets
Many Texas residents are astounded at the manner in which technology has changed our daily lives. The Internet in particular has had an enormous level of impact on the manner in which we communicate, share and store information. For those who are considering their...
Estate planning mistakes Texas residents should avoid
When constructing an estate plan, there are a number of considerations that must be made. Individuals and families in Texas must determine how they wish their wealth to be distributed after their deaths and then determine which estate planning tools are best suited to...
Finish your estate planning now rather than later
Not matter how much wealth you have been able to accumulate during your life, it is vital to have a functioning estate plan. Indeed, estate planning is not just about distributing money to your heirs. Estate planning is about making life easier on your heirs when you...
Texas residents should take note when attempting estate planning
Many in Texas and elsewhere thrive on the challenge of taking care of household projects and repairs themselves in an attempt to save on the costs they might incur if hiring a professional. Some have a similar mindset where finances and estate planning are concerned....
Texas residents’ questions about estate planning answered
Texas residents who have yet to create an estate plan will no doubt have a lot of questions about the estate planning process. Indeed, you might even be wondering what estate planning is or why you even need an estate plan. To answer this question, one...
Tips on discussing estate planning matters with heirs
Many Texas parents are uncertain whether to share the details of their estate plans with their adult children. On one hand, having these discussions can reduce the tension and stress that follows the loss of a loved one, since everyone will know what to expect. On the...
Family of Robin Williams at odds over estate planning
Many Texas residents are familiar with the work of comedian and actor Robin Williams. When Williams died late last year, he did so having put together an estate planning package that he believed would address the distribution of his estate between his intended...