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...
Estate Planning
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...
Estate planning may include faith-based language
When considering creating an estate plan, many in Texas and elsewhere work hard to ensure that the assets they own at the time of their deaths go to the heirs and beneficiaries of their choice. Using estate planning documents and tools, people can detail their...
How failing to update a will nearly cost a cat its life
Once an estate plan is created in Texas and elsewhere, often people forget about making changes to it as their lives change. Estate planning documents can quickly become outdated if a person does not act to make changes for life situations such as marriage, asset...
