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Power of Attorney vs. Durable Power of Attorney
When it comes to planning for the future, it is ideal to have a clear understanding of legal documents that grant authority to someone to act on your behalf. Two commonly used instruments in this regard are the power of attorney and the durable power of attorney....
What Is An Emergency Financial File and Why Do You Need It?
When you think of preparing for emergencies, your mind may jump to stockpiling essentials or assembling emergency kits. However, there is an often overlooked aspect that could make a significant difference in times of crisis, which is creating an emergency financial...
What is a Springing Power of Attorney?
When it comes to managing your affairs, you might have heard of a legal term called a springing power of attorney. This document "springs" into effect when you become incapacitated, empowering someone else to handle your financial matters. It combines the features of...
What Can Long-Term Care Planning Accomplish?
Planning for long-term care is an important aspect of estate planning that can help you protect your assets and ensure proper care for you and your loved ones. Long-term care planning offers several important benefits for your estate plan. By understanding the...
5 Factors to Consider When Choosing an Executor for Your Will
Choosing an executor for your will is an important estate planning decision that requires careful consideration. An executor, also known as a personal representative, plays a vital role in administering your estate and carrying out your final wishes. Here are five key...
What are Advance Directives and When Should I Have Them Written?
According to a study conducted by Heath Affairs, of the almost 800,000 questioned people, only 1/3 of them had advance directives completed in their estate plan. Understanding advance directives and knowing when to write them is important for ensuring that your loves...
What is a Special-Needs Trust and What are Their Benefits?
When creating your estate plan, you want to ensure you cross all your t's and dot your i's. If you have a special-needs loved one, it is important to ensure they will continue to have financial security and necessary care after you pass away. Special-needs trusts are...
FAQs: The Most Common Legal Threats To Your Assets
In this blog post, you will discover: The most effective ways to protect your assets from lawsuits The most effective ways to protect assets from stock market crashes The best ways to limit exposure or protect assets from taxes A negligence lawsuit, such as an auto accident or a slip and fall at a business, […]
Can My Estate Planning Documents Protect My Family From Business Debts/Lawsuits During My Lifetime Or After My Death In Texas?
In this article, you will discover: What is involved in succession planning of a business If a buy/sell agreement can be included in your estate plan Estate planning documents by themselves will not protect your business from lawsuits or debts. But, estate planning documents in combination with a proper business organization setup can protect you […]