Adults who put together comprehensive estate plans often have clear wishes regarding their personal legacies. People often name family members, including children and spouses, as their primary beneficiaries. It is quite common for estate planning to focus on ensuring...
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Estate Planning
Understanding the power of estate planning: securing your legacy
Imagine that you have worked hard for many, many years to build a comfortable life for yourself and your loved ones, only to have those assets disappear when you pass away. It sounds terrible but it can happen, which is why it is important to discuss estate planning...
How complex is out-of-state estate planning?
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,...
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...