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If you have never heard of a lady bird deed, you’re not alone. A lady bird deed is a type of deed that will help you avoid probate at death. At the same time, this deed helps you avoid giving up control of your property during your lifetime. Lady bird deeds are not...
A trust is a legal entity that you create to own and control specific assets. Many people choose to add trusts to their estate plans for their protection or for the benefit of family members and heirs. There are many kinds of trusts, and each offers specific benefits....
Most people who work on their estate plans will have a basic last will and testament. A will can be invalidated, so it’s important that you take steps to make sure it remains valid. Before you can keep your will valid, you need to know what makes a will valid. Here is...
When you make your estate plans, you can be confronted with a bewildering array of options designed to help you pass your assets to the right people -- while also minimizing tax obligations and probate. Texas is one of the few states that allows the use of a Lady Bird...
If you have a child with special needs, then you should consider creating a special needs trust. These trusts have several benefits that relate to your child. A special needs trust can provide financial security. Your child may require more care and more medical...
Estate planning is one of those life events that many people put off doing. Many do so in part because they find it challenging to determine whom to chose as the executor of their estate. The selection of an executor is a critical decision. That person will be...
Many young people neglect to make estate plans. Sometimes, they do so because they prefer not to think about what would happen, should they die. In other instances, they neglect to do so because they feel they do not have enough assets, or because they believe there...
You have the opportunity to care for yourself and look after your family through estate planning. A proper estate plan allows you to make informed decisions about your financial goals. Familiarizing yourself with estate planning myths can help you avoid mistakes. 1....
After a loved one passes away, their estate plan should reflect their wishes for their legacy. However, in some cases the will may not truly represent their wishes and interests. Under Texas law, an interested party—beneficiaries, trustees, family members and others...
According to Forbes Magazine, a majority of adults in the United States have not made any sort of estate plan. You may think that estate planning is only for the elderly or people who are very rich. The truth is that anyone can benefit from an estate plan, and...
