When planning their estate, a couple residing in Texas, or elsewhere for that matter, may want to stress equality in distribution of their assets to their children. Indeed, that is the standard arrangement in the majority of estate plans. However, estate planning can also provide for any variations that the parents may desire.
Many people focus on their retirement funding, but they don't go the next step and see to it that there is an estate plan to take care of other vital necessities. Whether one resides in Texas or elsewhere, estate planning should be considered an integral part of retirement planning. The two plans should also be conjoined with long-term care planning, also called elder law planning.