Not everyone in Texas has a family or friends they would like to leave their assets to after their death. These people may think that an estate plan is unnecessary. This is a fundamental mistake that should be rectified as soon as possible because even single people...
Estate Planning
What should I know about a durable power of attorney in Texas?
There are many reasons why a Texan would need to consider the importance of drafting estate planning documents. One motivation could be that they have significant assets they are concerned about. Another reason might be that they own a business that they would like to...
Legal help to preserve assets by transferring real estate titles
The goal for a Texan who is creating an estate plan is to ensure that the assets go to the heirs that he or she wants to get them and to maintain as much of its value as possible. This can be confusing to some, especially those who might have real estate but not a...
Estate planning documents must be updated as time passes
Texas residents who create an estate plan should remember that the document is not something that should stand on its own, never to be changed. The goal in an estate plan is to prepare for the future. However, circumstances in the present can fluctuate. Updating and...
Estate planning to incorporate new assets like crypto is critical
Estate planning in Texas has grown far more complicated than it once was. With the number of different financial vehicles available in which people are willing to invest, online banking and the secret nature of much of these new investments, navigating an estate plan...
New tax laws not the only reason to update an estate plan
Texas residents who were estimating how the new tax laws would affect them should know about the changes to the estate tax. The amount that is exempted has doubled to around $11.2 million for an individual and twice that for couples. While this is important to those...
Trusts are often preferable than simply willing assets to heirs
Texans who are crafting an estate plan might want to keep the document as simple as possible and give their heirs their inheritance immediately. This is especially true when the testator has adult children and believes they are of sufficient education, age and...
Common mistakes made when crafting living trusts
Estate planning strategies inevitably differ based on the individual's needs. Texans who are in the process of deciding what form of estate plan they want to use might be confused by all the available options. Trusts are a common method of estate planning. However,...
Wills are often not enough for comprehensive estate planning
Responsible Texans will take the imperative steps to craft their estate plan to adhere to their desires and loved ones' needs. Many will think that they have done what is necessary to ensure their plan is airtight and covers all eventualities by having a basic will....
What should I know about a medical power of attorney?
Drafting estate planning documents in Texas should be comprehensive and adhere to all the needs and desires the person has. For some, a health proxy is one of the key factors they will think about as they formulate strategies for their estate plan. Understanding all...