Estate planning is crucial in settling one’s affairs in the event of their incapacitation or death. From directing your wishes on medical treatment to distributing your assets to beneficiaries, estate planning gives you peace of mind and control over what happens to you and to the assets you own. In Texas, two important estate planning… Read More
What is the difference between a living trust and an irrevocable trust in Texas?
Two commonly discussed Trusts in Texas include the Living Trust also known as Revocable Living Trust and the Irrevocable Trust. Before discussing the differences between a Living Trust and Irrevocable Trust, let’s first discuss what a Trust is. What is a trust A trustee uses a legal arrangement to hold an owner’s assets, eventually allocating… Read More
When Should I Get a Will Made in Texas?
If you are a Texas resident, have you ever paused to ask yourself, “When should I get a will made? When is the right time to prepare a last will and testament?” We understand that thinking about and planning for death can be uncomfortable. However, you might be surprised to learn it is probably sooner… Read More
3 Ways to Leave Your House to Love Ones In Texas
In Texas, there are a few effective methods to leave your house to your family and loved ones after your passing. The best way to leave real estate to your heirs will depend on your circumstances, preferences, and goals. Here are three methods for transferring your house to your family in Texas: Transfer-on-Death Deed (TOD)… Read More
How to Avoid Probate in Texas
Texas Probate is often an expensive and time-consuming process. The last step of the probate process is to distribute assets to your loved ones, so they are waiting a long time before receiving the property you left them. For these reasons, many people have avoiding probate as one of their estate planning goals. In Texas,… Read More
Estate Planning For “Just In Case” Scenarios
There are many reasons why people devise an estate plan. Oftentimes, they are hoping to achieve a peace of mind in knowing that the future of their estate, assets, and legacy will be handed down to generations of friends and family they care about the most. While this general concept is a good one, there… Read More
How To Protect Your Home and Life Savings From Nursing Home Expenses
It is common for people to have to sell their homes and deplete their life savings to pay for nursing home care. When you develop an estate planning strategy that meets your needs, you can protect your assets without compromising the quality of your care. When you need long-term skilled care in a nursing home,… Read More
Is It Time to Update Your Estate Plan?
Few people take the initiative to create a will or trust, so if you’ve gotten that far, you’re more prepared than the majority of people in the United States. While having these plans in place is a vital part of estate planning, these documents aren’t just a one-and-done deal. Updates are necessary to keep wills… Read More
What Happens if You Die Without a Will in Texas?
Creating a will allows you to stipulate how you would like your estate handled when you pass away. A will is a crucial part of end-of-life planning, but, despite its importance, many Americans die without a will. In fact, an estimated 60% of people in the U.S. do not have a valid will. Intestacy in… Read More
9 Reasons You Need a Revocable Living Trust in Texas
At any point, do you worry about how your heirs will administer their share of your estate after your demise? A revocable living trust (RLT) is one arrangement that permits you to hold some command over your assets even after your passing. A written declaration or agreement designating a trustee to manage and control the… Read More
