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
Making and Funding a Living Trust in Texas
A “living” trust, also known as a “inter vivos” trust, is simply a trust that is created while the grantor is still alive. The beneficiaries you designate in your revocable living trust receive the trust’s assets upon your death. You could also use a will, but wills must go through probate, which is a court-supervised… Read More
