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...
Estate Planning
What not to put in your will
A will could be pivotal in ensuring a fair transfer of your estate when you die. There are, however, a few things that have no place in a will. Understanding the scope of your will gives you an advantage now as you're estate planning. Public courts in Texas will honor...
Estate protection options
When it comes to estate planning, it's important to know how to keep your assets protected and ensure that valuable items or cash go to the intended parties. If you're a Texas resident looking to make detailed plans for your estate, here are some ways to protect your...
Is your estate planning out of date?
Texas residents should not expect to undergo initial estate planning and then forget about it. Several situations could indicate that you need to update your estate plan sooner rather than later. Tax changes When federal or state laws governing inheritance and taxes...
Common succession planning mistakes to avoid
There comes a time in every business owner's life where they need to start thinking about who will succeed them once they retire. During this time, the business owner needs to create a succession plan so that the business can thrive without them. Here are some common...
Estate Planning Myths
Estate planning may not be on your radar. It can often feel like a mysterious and complex legal process only reserved for the ultra-rich or elderly. But these are just a few myths surrounding the estate planning process. Many people have misconceptions about estate...
Retirement and estate planning: It’s time for a review
You look forward to the day when you can finally retire. You've earned it, and now it's your time to live it up.At this point in your life, many things are changing. Your financial circumstances will be different than ever before. Just the same, you may be in the...
Should you consider do-it-yourself (DIY) estate planning?
We live in a DIY world, so it's only natural to consider the pros and cons of tackling estate planning without professional help.While this option is available to you, there are several reasons why you should think twice before going down this path: You don't know...
Questions that’ll challenge you when creating an estate plan
When creating an estate plan, you hope that everything goes as planned, but you know that you're likely to face challenges.Fortunately, there's nothing you can't overcome with the right approach and some guidance. Here are some of the many questions that'll challenge...
Here’s why people make estate planning mistakes
When it comes to your estate plan, you never want to find that you made a mistake. The only good part of pinpointing a mistake is that it puts you in a position to fix it before it causes harm in the future.People make estate planning mistakes for a variety of...