You likely use technology and the internet daily to work, for recreation or for social purposes. Your reliance on the internet may also have increased over the past few years. According to the Pew Research Center, in the U.S., approximately 93% of adults use the...
Should I get a simple will?
The majority of Americans have no estate plan in place. Many labor under the idea that estate planning is something that you only need to think about if you are nearing retirement and have a lot in the way of assets. This is not true. Nobody likes to think about dying...
The importance of having a power of attorney for healthcare
When Texans consider all that is involved in estate planning, one of the most important decisions they can make is whether or not to include a power of attorney for healthcare. Arguably the most important part of planning your estate will involve choosing your spouse,...
What bypasses probate?
Probate is a court process that commences after you die. It ensures your debts get paid, and your property goes to those you named in your will. Waiting for the court to allow the distribution of your estate may create an undue financial strain on your heirs. However,...
Why are powers of attorney important?
Regardless of your age and health, you may – from time to time – think about who will handle your affairs if you can no longer do so yourself. While you may have an individual or two in mind, it is important that you appoint them to their roles in writing. To do so,...
Understanding the benefits of a special needs trust
Many families in Denton and the Dallas-Fort Worth Metroplex have family members with a variety of special needs. As both parents and the child age, planning for the child’s financial needs becomes a very critical issue. Over the last 20 years, lawyers working with the...
What is a Qualified Personal Residence Trust?
For wealthy individuals or those with large real estate holdings, estate planning can be complicated. After all, we want to protect the value of what we pass on, and we do not want our beneficiaries saddled with unexpected, complicated and expensive tax burdens after...
The importance of estate planning for young people
Estate planning is often seen as prudent for middle-aged and elderly adults to do, but the truth is that every young adult in Texas can benefit from estate planning. This process isn't just about deciding who gets what in the event of a death. Estate planning can make...
How to act as executor of an estate
Texas residents who have been appointed as an executor may want to familiarize themselves with the testator's will. They should also know where any important documents are located. When testators die and the executors begin their duties, they are permitted to hire an...
When to revise an estate plan
There are certain times in a person’s life when he or she may need to make changes to a will or trust fund. One example could be if a person has just moved to Texas from another state. Since different states have different estate planning and inheritance laws, it...
