All adults should have an estate plan, so their loved ones know exactly what to do when something happens. When minor children are involved, it’s even more important to have everything in order. There are some special considerations that you have to think about when...
Estate Planning
Estate planning before deployment
Heading off on a military deployment requires plenty of preparation, but not just that of physical and tactical gear. One of the most important of these preparations is getting an estate plan in place. For those in the military, estate planning becomes less about age...
What is a spendthrift trust?
When you are in the process of creating your will and naming your child as a beneficiary, you may have concerns about their poor spending habits. Setting up a spendthrift trust ensures that your child will have financial security for years to come. According to the...
Can the executor of a Texas estate be paid?
When you’re making your estate plans, choosing who to name as the executor of your estate can be tough. After all, you’re asking someone you love and trust to take on a very big responsibility – and it’s not an easy job. The executor of your estate will have a large...
How often do people update their estate plans?
Estate planning is a process that allows people to instruct how their assets are handled after they pass away. Notably, most estate plans include a will that names their heirs, divides their assets and puts an executor in charge of the probate process. Many people...
Who can be the executor of your estate in Texas?
There are all kinds of decisions you have to make when you put your estate plan in place. One of the most important is who will be your estate’s executor (also known as the personal representative). The executor of your estate is responsible for everything from filing...
What is estate planning and why should you care about it?
Despite what you might think, estate planning is not just for rich people who have a significant number of assets. Where you have possessions, you have an estate and you should be thinking about what you want to happen to it after you pass away. What is estate...
3 ways legal guidance could improve your Texas estate plan
Are you one of the many who prefer the do-it-yourself (DIY) approach instead of asking someone for help? With this mindset, you have probably learned to do much on your own, but is it the best way to address estate planning? Unless you have considerable knowledge of...
What’s involved in changing a child’s designated legal guardian?
You put a lot of thought into choosing the person who would be your child’s legal guardian should anything happen to both you and your spouse. In fact, your child’s birth is what incentivized you to begin your estate planning. It’s been a few years (or maybe longer)...
Revocable vs. irrevocable trusts: which one should you set up?
If you have worked hard your entire life and amassed a considerable amount of wealth, you certainly want to pass something down to the people and causes you care about upon your death. And while there are many ways of passing down wealth to the next generation (like...