An estate plan is not set in stone and should evolve with the estate planner’s life. For that reason, estate planners should understand when to take a second, or third, look at their estate plan because their lives and needs change over time and their estate plan...
Estate Planning
Key points about Muniment of Title in Texas
In Texas, probate can be a difficult aspect of the law, especially in the aftermath of the death of a loved one. In some cases, people might want to use a simplified process if the situation calls for it. The Lone Star State has its own unique type of simplified...
What is probate?
Probate sounds like a scary legal term, but it is really just the legal process to finalize the affairs of a deceased person. It is a legal process that is governed by both state and federal rules, but it is a Texas court proceeding, which means it has all of the...
What are a personal representative’s rights to run a business?
For many Texans, creating an estate plan goes beyond determining how their personal assets like a bank account, real estate, sentimental items, automobiles and more will be distributed after death. While this is an important aspect of a comprehensive plan, other...
What are the different options available for powers of attorney?
When you’re thinking about estate planning, there are many options available to achieve your goals. Some options will be more or less useful, depending upon your needs. A power of attorney is a very flexible option, with a number of different varieties to suit the...
Choosing a guardian for your children
If you have children, one of your biggest fears may be passing away unexpectedly and leaving your young children without anyone to care for them. However, Texas parents can prepare for this possibility by naming a guardian for their children in their will. Who can I...
An estate plan is like a love letter to heirs
With February being American Heart Month and the celebration of Valentine’s Day, it is the perfect time to think about one’s health and the ones that they love. What better way to do that then to draft or update one’s estate plan? Whether one is young and unmarried or...
Should estate plans include social media?
When one begins the estate planning process, there are a lot of considerations. If one has minor children, who should be their guardians if both parents die before the kids become adults? How does one maximize a wealth transfer, while minimizing taxes? What about...
What is a Medical Power of Attorney?
As readers of this blog know, there are several estate planning documents that are important. These include Wills, Trusts, Durable Power of Attorney, Medical Power of Attorney, Guardianships, etc. Though, this post will focus on MPOAs, which can be extremely...
Are taxes the only reasons to update an estate plan?
With news of the Build Back Better Act permeating nightly broadcasts, some of our readers have likely already called their estate planning attorney to figure out if they need to update their plan. Indeed, every time a new tax law is passed, one should update their...