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Estate Planning Archives

How to discuss estate planning with your adult children

You're perfectly within your rights to keep all your estate planning matters to yourself. You don't have to share your estate plan with anyone, even those who are closest to you. However, there may come a point when you realize the benefits of discussing estate planning with your adult children.

Anyone can make one of these common estate planning mistakes

You create an estate plan with the idea that it will be 100 percent perfect. And while this may be your intention, there is no guarantee of it happening. It's easy to make mistakes along the way, especially if you don't seek the appropriate assistance.

The importance of funding a living trust

There are different ways that people in Texas can leave their property to their loved ones after they pass away. One is by simply allowing their property to pass according to the intestate laws. However, people can also dictate where their property goes by drafting a will or a trust. Both allow people to specifically state who receives their property, but trusts have the added benefits of keeping people's estates from going through probate.

How divorce affects one's will or trust

Many people in Texas have wills or trusts drafted during their lives to help ensure their property goes to the people they want after they die. Throughout people's lives, circumstances change, and life may be very different than when people originally drafted their will or trust. One way that people's lives may have changed is that they may have gotten divorced.

Review of advance medical directives in Texas

A previous post on this blog talked about how some Texas residents may choose to execute what is often referred to as a health care proxy but may also be referred to as a medical power of attorney. To review, the health care proxy is a document a Houston resident can give their loved one or another trusted individual which gives them the power to make medical decisions, even if those decisions are a matter of life or death.

The formalities of a valid will in Texas

Most of us understand the importance of having a valid will, but very few understand the requirements upon which a will's validity depends. A will must satisfy two kinds of criteria to be valid. First, the will must satisfy the formal requirements of execution and being witnessed. Second, a will must satisfy the requirements relating to the testator's state of mind at the time that the will is signed.

Living together has legal risks as a couple ages

More and more Texas couples are choosing to live together without getting married, especially if one or both partners are over the age of 50. This choice has many reasons, but according to several studies, the most prevalent reason is the memory of a difficult divorce and a wish to avoid repeating this experience. Living together has an appeal for many people who want to emphasize the emotional connection and avoid the restrictive formalities of marriage. However, living together has a number of legal risks that should be explored before beginning co-habitation.