Estate planning is a crucial aspect of securing your financial future and proper distribution of your assets. However, when you own property or assets in another state, estate planning can become extremely complex. A well-crafted estate plan provides peace of mind,...
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Estate Planning
3 benefits of using a transfer on death deed in Texas
Someone's home is their castle, their safe space and (likely) their most valuable personal property. Someone's residence is not just a source of shelter but also a means of ensuring financial stability. The equity that someone accrues in their home can contribute...
What should you discuss with your medical power of attorney?
When you’re putting your estate plan together, you should include a medical power of attorney (MPOA) designation. This is the person who will be authorized to make health care decisions on your behalf should you become incapacitated before your death and unable to...
Will inheriting from a Texas estate trigger taxes for out-of-state beneficiaries?
When people think of older adults moving someplace warm and comfortable for retirement, they might picture Florida or perhaps Arizona. However, the Lone Star State also hosts a significant number of older adults who permanently relocate to Texas or spend the winter...
What happens if you’re granted power of attorney
Powers of attorney are among the most useful of the many estate planning tools that help people protect their interests from the uncertainties of an unpredictable future. An individual concerned about the possibility of future incapacitation can name a specific person...
What is the purpose of a lady bird deed in Texas?
Estate planning can be complicated, especially for those with complex family structures. For example, blended families have unique legal needs, especially when it comes to the ownership of valuable assets and the creation of estate planning paperwork. Frequently,...
Why unequal bequests can cause estate disputes
Establishing unequal bequests means that you are simply leaving your heirs different asset values in your estate plan. This has been something of an emerging trend over the last few decades. It’s becoming more common for people to do it, rather than leaving the exact...
2 key details people don’t realize about Medicaid benefits in Texas
Older adults often take for granted that Medicare will provide them with sufficient support as they grow older. However, Medicare benefits actually have numerous noteworthy limits. Those who require long-term care or possibly skilled nursing support in their own homes...
3 signs it’s time to update your estate plan
As you know, an estate plan is crafted in anticipation of your passing. One of its primary goals is the management of your assets, which may be donated or distributed amongst heirs. Within your estate plan, in addition to naming beneficiaries and detailing funeral...
Understanding the Power of Attorney
You may have heard the phrase "power of attorney" before and may associate it with someone giving another person permission to make legal decisions for them. While that is part of it, a power of attorney is the most critical estate document you will ever sign. People...