The reasons that people in Texas might avoid the estate planning process are understandable. Fear of death, denial and lack of knowledge about the estate planning process are just a few of these reasons. However, at least one authority notes, there is never a bad time...
Estate Planning
Texas heirs of estate planning may benefit from discussion
It is not only the person who seeks to create an estate plan in Texas who has expectations about the distribution of their assets after their death. In many instances, the potential heirs and beneficiaries also have expectations as to the possible inheritances in...
Estate planning is not just for old, wealthy Texans
For many individuals who are either young or perhaps believe they do not have enough assets, drafting a will is not on the top of their priority list. However, despite the desire to delay such estate planning, it may be in many Texas residents' best interests to...
Houston estate plans require periodic review as life changes
Estate planning for some in Houston is a task that is often completed and then forgotten about. On July 31 we talked about the importance of revising estate plans annually. To go a step further, some authorities note that there are many individual life changes...
Why Houston estate planning documents should be revised annually
Estate planning is a very important step for people to ensure that their wishes are understood in the unfortunate event of their death. Estate planning helps Houston residents prepare for the future and protect their assets and property. On April 18, in a post titled...
Texas estate planning can include long-term care insurance
There are many aspects of estate planning some may not consider as they work to plan for their future. One consideration for people in Texas may be the idea of long-term care insurance as a part of estate planning. This type of insurance, with some policies, can offer...
Estate planning ideas vary between generations
More than a third of wealthy baby boomers in Texas and elsewhere across the country have not discussed their finances with their children. In addition, these potential beneficiaries may not be aware that their parents may be planning to give much of their wealth to...
Proper estate planning can ensure that wishes are followed
For some, creating an estate plan is about leaving money to their children. For others, the estate plan is focused more on funding a charity or organization that supports an important cause. Regardless of the intent of your estate planning, it is important that...
Small-business owners worry about possible estate tax change
Building and maintaining a family business -- whether large or small -- can take time, money and effort, as many in Texas know. That is why it is important for many to consider how to save the family business when they begin estate planning. One of the considerations...
Estate planning: don’t forget social media presence
With the proliferation of social media websites such as Facebook, it seems that nearly everyone in Texas and elsewhere has an online life. The increase in use of these types of online sites has created a new area of consideration for those thinking about estate...