Creating a will is one of the most important estate planning tasks you can accomplish. Not only does this tool allow you to decide how to distribute your assets among your beneficiaries, but you also get to choose an individual to manage your estate after you...
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What is an irrevocable and revocable trust?
When creating an estate plan in the Harlingen area, one can use a variety of provisions to protect assets, such as trusts. Trusts not only allow you to minimize probate court’s involvement, but you can also use them to prevent your loved ones from mismanaging...
5 tips for becoming the perfect executor
The unexpected demise of your Uncle Harry not only left you with a feeling of sadness, but also with questions related to his will. Uncle Harry named you as his executor, and you were proud to take on the task. However, you have never done this before, and you want to...
The difference between a durable and medical power of attorney
Estate planning is a complex process that entails more than just writing a will. You may not understand all the terms the court uses as you determine which plans you need, causing you to feel overwhelmed. Understanding definitions is the first step in ensuring your...
3 characteristics of a good power of attorney
One of the most important estate planning documents you will create is the durable power of attorney. When you create this document, you appoint an agent to make financial and legal decisions for you if you become mentally incapacitated. You can approve this...
Do online passwords belong in your estate planning documents?
As you gather your documents and drafts of your final arrangements and plans to review, you realize how important digital access and accounting is for you. In this high tech and digital world, you probably have multiple online accounts, each utilizing a sometimes...
Should you share your will with your family?
When drafting a will, especially for the first time, the process may seem overwhelming. With so many things to consider, finding someone who can help you navigate the process is your best bet. Once you draft your will, is it a good idea to give a copy to your family?...
Business structures entrepreneurs need to consider
When starting a business, an entrepreneur settles on a product or service that appeals to his or her talent and interests. The fun part of the process often includes selecting a name and a logo, perhaps finding a partner, sketching a business plan and deciding whether...
4 signs your will may be out of date
Have you ever stood in front of your refrigerator and carefully examined the expiration date on a carton of milk? Even if the date had passed, did you sniff the carton and make your own assessment of your milk’s freshness? Like the milk in your refrigerator,...
3 reasons to update your estate plan during the holidays
The winter holiday season is the perfect time to update your estate plan. During this time of year, you reflect on what is most meaningful in your life. You also deal with some stressful circumstances during the holidays. It is vital to review and revise...