Uncertainty is something that often causes discomfort. However, it can be empowering to be prepared for what could happen in the future in the event of disability or death. This is why estate planning is so critical for families in Texas and other states.Incapacity,...
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Estate planning can provide a peace of mind
Creating an estate plan is a task that is often left undone due to other competing priorities in life. However, it is essential for preserving assets, privacy and wealth when death strikes, and death can strike at any age. A few tips may help to make the estate...
Estate planning and retirement planning go hand in hand
A challenge in planning for retirement is not knowing how long life will last. This makes it difficult to do budgeting for the remaining years of life, but it also makes it harder to ensure that an estate ends up in the proper hands down the road. A few tips may help...
Putting off estate planning can be detrimental
Thinking about dying generally is not a pleasant experience. However, planning an estate is a critical part of life planning. Contrary to popular belief, estate planning is not too difficult and is worthwhile in Texas.An important part of estate planning is being...
Estate planning involves creating 4 essential documents
It is common to think that an estate plan is not necessary if there is not much money is in the bank. However, whether an estate plan is needed or not is not based solely on the amount of wealth present. Anybody with anything of worth in Texas may benefit from the...
Millennials may benefit from estate planning
Millennials are often so consumed with their career goals and family obligations that they do not give the creation of estate plans much thought. However, estate planning is an essential part of financial and life planning, even for young adults in the state of Texas....
Digital assets important focus in estate planning
Although spending time on Facebook or other social media sites is a popular pastime in modern society, determining in advance what will happen to a social media account when the account owner dies is often ignored. Estate plans in the state of Texas and elsewhere...
Estate planning may be impacted by new president
The start of the year is an ideal time to revisit an existing estate plan or to create a brand new one. After all, with a new president often comes new policies. There are a couple of issues that may be worth paying attention to this spring in the area of estate...
Most Americans have not engaged in estate planning
The handling of financial needs at the end of life is one area that tends not to get much focus in American households, including in the state of Texas. After all, it is generally not comfortable to talk about death. A recent survey indicated that nearly 70 percent of...
Estate planning involves choosing beneficiaries
When the topic of creating an estate plan comes up, creating wills is often the first idea that comes to mind. Part of the process of creating a will in Texas is choosing beneficiaries of the assets that will be passed on after one dies. The beneficiaries chosen in...