The importance of establishing a estate plan is known to individuals in Texas; however, many will put this task off until later in life. The reality is that individuals own assets and property right now, regardless if it is much or holds much value. If one were to...
During these crazy tumultuous times, estate planning has become a hot topic. However, one question that keeps coming up is whether or not estate planning is truly essential. Many people believe that state law will protect their families when they pass or that they do...
Estate assets are no longer restricted to traditional and tangible assets such as homes, vehicles, or businesses. As consumers conduct more of their business and social lives online, estates now include online financial accounts and personal blogs and other digital...
If the past year has taught us anything, it is evident that the unexpected can occur despite one’s careful preparation and planning. This has created new thoughts and conversations for those in Texas and elsewhere when it comes to estate planning and preparing for...
It is hard to turn on the news lately without a reminder of our own mortality. It is simply a fact of living in today’s world. But, these news stories are also constant reminders that everyone needs an estate plan. To that end, the following are the estate planning...
Estate planning is a good idea for most people in Beaumont, as we all have opinions about what end-of-life care we want and who we want to inherit our assets. However, do not think that once you sign on the dotted line, you do not need to do anything else. The...
Upon a Texas resident’s death, their estate goes into probate. During probate, an estate administrator performs important duties to ensure the decedent’s wishes are carried out. Due to the significance of the role, people often choose their spouse, sibling or trusted...
Knowing when to update an estate plan is important information to have. It can help the estate planner keep their estate plan current and rest easy that it will accomplish their wishes when they need it to. When the estate planner’s relationships change If the estate...
While an estate plan focuses on one’s assets and wishes when it comes to the distribution of their property after their death, the administration of an estate also focuses on the debts that a person leaves behind. Thus, it is important to consider this factor when...
Most Texans are keenly aware of why it is important to have a comprehensive estate plan. A will, trust or other estate planning device is a protective device that can account for myriad challenges that may come up in the future. In addition, it will ensure that a...