Texans who are drafting estate planning documents should pay close attention to changes in laws that come about with every governmental power shift. Such is the case with the Trump Administration and its changes to federal tax laws. With it, the amount that people can...
Estate Planning
Important considerations with a special needs trust in Texas
One of the most common concerns for Texans when they think about the future and with drafting estate planning documents is if they have a loved one who will need to be cared for after they are gone. Statistics show than there are more than 40 million people across the...
Avoiding updating estate plan documents is a mistake
A concern that might not be at the forefront for Texans who have already completed an estate plan is ensuring that it is up to date. However, it is important to think about personal and legal changes that might make it necessary to alter the document to account for...
Legal help with “ancillary” parts of estate planning
Even Texans who are drafting estate planning documents and taking the necessary steps to protect their assets and their heirs need to cover all the bases. Part of that is knowing about "ancillary" parts of the estate plan. These factors might not come to the forefront...
Drafting estate planning documents with a notable art collection
Texans who are thinking about their estate planning needs will frequently focus on the basics, such as asset distribution and basic property matters. However, if it is a person who has accrued wealth and used some of that wealth to collect items, such as art, this...
Strategies to neatly organize finances and craft an estate plan
Texans who are thinking about starting the new year by cobbling together their estate planning documents should make certain they take the necessary steps to ensure that its strategies suit their needs. One method that might sound unnerving is known as "death...
Hugh Hefner estate plan shows different types of trusts available
When a Texan is contemplating strategies for an estate plan, the individual situation will largely dictate how they go about it. Circumstances and personal preferences will play a significant role. If trusts are the preferred method when drafting estate planning...
Learning from mistakes famous people made in estate planning
Most Texans will never have the level of wealth that famous musicians have. So, when it comes to drafting estate planning documents, people who are of lesser means will frequently scoff at the idea that they can learn something from mistakes made by famous performers...
Key estate planning documents in the event of disability
Texans who take the necessary steps by completing their estate plan often believe that a will is sufficient. However, the reality is that there are other documents that are necessary for full and encompassing protection. If, for example, the person becomes...
Should an irrevocable trust be part of your estate plan?
Estate planning is more than just having a will. In order to have an estate plan that actually protects your interests and keeps your beneficiaries from unnecessary harm, you would be wise to consider the benefits of a trust. There are many different types of trusts,...