Estate planning

One of the more important aspects of the estate planning process is for those engaged in it taking advantage of those opportunities available to preserve assets for their beneficiaries in Texas. Yet many people may resign themselves to the notion that they cannot...

Creating your estate plan is one big task down. But managing your estate takes up even more time. On top of that, how do you let your family and loved ones know about the plan? You may not even want to tell them at first. But letting your family in on the details of...

When crafting an estate plan, you must start with a strong foundation. This means taking your time to select an executor that meets your needs. To ensure you have all the time you need to look, you should work on estate planning far in advance.  When focusing on...

If you include estate planning as part of the baby preparation process, you are one step ahead of others. More than half of individuals with children die without a will or estate plan. When this occurs, their assets become subject to the laws of intestate, which means...

When a Texas resident dies without a will, state laws govern the division of that person's estate property. A family member starts the process by filing a petition for probate with the clerk in the county where the person lives. Review the factors that govern the...

There are two basic types of trusts, a revocable trust and an irrevocable trust. Many people choose to set up a revocable trust since they retain a lot of control. They can change who serves as trustee, alter the terms of the trust and even abolish the trust...

In a few years, your parents plan to retire. You look forward to them relaxing and enjoying their golden years in Texas, but you also want to help them take care of themselves. Do you know how to talk to your parents about their estate? MarketWatch offers insights...

Texas residents like you work hard on your estate. It thus makes sense to work hard on your estate plan, too. This ensures a seamless transfer of your assets and property to your beneficiaries after your death.  But to ensure this, you cannot just create an estate...

If you live in Texas, you may be aware that the state does not impose inheritance or estate tax. However, your estate may still be subject to federal estate taxes.  Review the federal laws regarding estate taxes to understand how they may affect your family members...

When planning your estate in Texas, you have many tools at your disposal: Wills, trusts, transfer on death deeds and designated beneficiary plans are just a few in your arsenal. Another versatile tool is the Lady Bird Deed.  Lady Bird Deeds, or more formally, Enhanced...