Estate Planning

As part of their estate planning, many people choose to establish trusts for their children, grandchildren or others to give them a financial “leg-up” as they enter adulthood. Often, these trusts are set up with conditions. These can be as simple as stating that the...

Every adult should have an estate plan suited to their needs. When you have children, you also need to consider their needs.  Here are two areas that parents need to attend to: Guardianship You could die before your child reaches 18. You have a legal responsibility...

It is difficult to imagine your child growing up under someone else’s care. However, this is inevitable if something were to happen to you and your co-parent. A guardian is a person nominated to make important decisions on behalf of the child should the parents pass...

Your parents might be avoiding estate planning for several reasons. First, they may not want to think about not being able to handle their affairs in the future. Just the thought of looking at their assets and liabilities could also be intimidating. Finally, your...

Thinking about what happens in the event you become incapacitated can be a daunting prospect, let alone telling anyone else about it. However, despite the challenging nature of this conversation, it is one that needs to be had.  Having a watertight estate plan in...

Frequently, people may opt to put off estate planning because they find the process morbid or daunting. However, the reality is that estate planning could bring numerous benefits to both you and your loved ones. Tackling unanswered questions can help to bring peace of...

There are many ways that grandparents can transfer some of their wealth to the grandkids, but it is important to plan out what approach to take and which resources to use. Grandparents in Texas can take advantage of plenty of tools to help lower their tax burden as...

Estate planning as a Texas farm or ranch owner is best when done as an ongoing practice. The complexity of land ownership is one that brings confusion when successors, inheritors or beneficiaries aren’t named. Leaving the hard work you invested left to chance as you...

Many Texas residents forget about digital assets when it comes to their estate plans. It’s not that these assets are any less valuable than property or more traditional forms of financial assets, but rather the idea of anyone accessing online information after you’re...

When you're establishing an estate plan in Texas, it can be tempting to set up a last will and testament and be done with it. However, there are other options available to you. Once you have your will written out, there are other things to consider, such as the...