Children rely on their parents or other legal guardians to support and protect them. Parents have an obligation to ensure children receive proper medical care and to provide for their basic needs in life. Typically, that obligation ends when a child reaches adulthood....
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Estate Planning
How taxes could diminish someone’s final legacy
People putting together or modifying an estate plan have to address a variety of different concerns. Some of the more pressing issues include obligations that could diminish the value of their estates. Most adults want as much of their property as possible to pass to...
What should you know about power of attorney designations?
There are many considerations that must be taken into account when you’re setting up an estate plan. While many of these challenges concern what will happen after you pass away, there are also some that come into the picture if you become incapacitated due to illness,...
Estate planning — how to leave your house
You might live in a home that’s been in your family for many generations. Maybe one of your ancestors built it, and you plan on giving it to one of your own children or grandchildren as an inheritance. On the other hand, you might live in a house recently built but...
Avoiding probate: why and how?
Imagine you're playing a big game of dodgeball but instead of dodging balls, you are trying to avoid a trip to probate court. In fact, let's say you are trying to avoid an entire process called probate, which takes place at a special court. What is probate? First,...
An advance directive is a helpful estate planning tool
Everyone hopes they will enjoy good health as they age. However, many people in Texas and beyond encounter medical issues like chronic illness or neurodegenerative diseases like dementia in their golden years. If this happens to you, but you haven’t initiated the...
Things to know regarding Revocable Transfer on Death Deed
When a Texas estate owner wants to give a property inheritance without it having to pass through probate, there are several types of planning tools that can help accomplish the goal. Most people automatically think of a last will and testament as the means to pass...
Navigating estate administration when a loved one dies
If your spouse or parent has died, you may end up with many tasks and duties. In a time of grief, it can be difficult to think straight, so it’s perfectly acceptable to take some time to come to terms with the loss and process your emotions. As you begin the process...
When to incorporate a special needs trust in estate planning
Caring for a son or daughter with special needs can be a rewarding yet challenging experience. If you’re one of many parents in Texas who worry about how your child will get by after you die or if you become incapacitated, you might want to consider the estate...
Are you listed as an executor of a Texas estate?
If a person trusts you so much that he or she wishes you to administer his or her estate, you can consider it a great honor. However, it is also a serious responsibility that carries numerous obligations and duties you must fulfill if you have accepted the...