If you enjoy giving back, such as by donating to your church, your alma mater or your favorite charity, you may wish to consider establishing a charitable trust so as to make these donations in a more structured manner. FindLaw explains that you can choose to...
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Estate planning
What happens when a trustee breaches their fiduciary duties?
A Texas fiduciary takes care of the administration of the assets within a trust. If you are a trust beneficiary and the administrator acts inappropriately or fails to perform their duties, you may have grounds for a claim. According to the State of Texas, trust...
Why should you review your estate plan?
Having an estate plan can give you a place to document financial goals, clarify asset distribution and share your final wishes. Using the information you provide, those in charge of closing your estate can know precisely what to do. Contrary to what some have said,...
Writing a will as a new parent: What do you need to know?
Writing a will is perhaps one of the most important things you can do as a new parent. Yet, being young and in the prime of their lives, writing a will is rarely something new parents think to add to their to-do lists. Such an oversight could prove costly. In the...
Why you probably need an estate plan
An estate plan might sound like something reserved for high-profile figures or generationally wealthy families, but, in reality, they are something that most people need. The planning process can include writing a will, designating a power of attorney and signing a...
Estate planning strategies to best protect your family
If you have a family, it is important to put together an estate plan that has protections in place for family members in the event something happens to you. The right plan protects assets, saves on taxes and looks out for your children. Every situation is different,...
Understanding the probate process
If a loved one dies with a will, you may be wondering what the next steps are. Probate refers to the process of managing and closing the estate and distributing assets as set out in the will. An important figure in the probate process is the executor, as this is the...
Who can set up special needs trusts?
Whether you have concerns about your loved one with special needs and their financial future or you are struggling with a disability and want to protect your financial future, it is important to review various issues related to special needs trusts. This option can...
How can I make sure my will is valid?
Once your estate goes into probate, the court will validate your will. It does this by checking all the legal requirements to ensure the document adheres. Knowing what these requirements are is essential if you wish to avoid problems after your death and ensure the...
Understanding Community Property in a Marriage
When it comes to marital property, a couple has many issues to consider. In Texas, a community property jurisdiction, property acquired during the marriage belongs to both parties. This arrangement could have significant implications when a couple maps out its estate...