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Can I Draft My Own Will Or Trust In Texas? What Are The Dangers In Doing So?
In this article, you will discover: The possible dangers of drafting your own will or trust Yes, you can draft your own will or trust. I have reviewed many self-written wills and trusts during my career, and I have also reviewed wills and trusts created from online forms. I have personally never seen a self-written […]
Do I Lose Control Of Assets That I Put In A Trust?
In this article, you will discover: The purpose of trusts When you must have a trust A trust is a written document that specifies who you want to handle your estate at your death and who gets your assets at your death. It sounds like a will, but it functions very differently. 1. A trust […]
What Is A Trust? What Are The Common Types Of Trusts Used In Texas?
In this article, you will discover: The purpose of trusts When you must have a trust A trust is a written document that specifies who you want to handle your estate at your death and who gets your assets at your death. It sounds like a will, but it functions very differently. 1. A trust […]
What Are The Common Costs Associated With Probate In Texas And Other Delays Involved In Settling An Estate?
In this article, you will discover: Ways to avoid costly expenses for probate in Texas Probate requires an attorney to file your will for probate. In turn, there will be attorney fees, court costs, and, depending on the assets in the estate, costs for appraisals, etc. The bottom line is that probate can consume a […]
When Should I Begin Long-Term Care Planning? Should I Do It When I Set Up My Initial Estate Planning Documents?
In this article, you will discover: When long-term care planning should begin What Medicaid benefits pay for How long Medicaid approval takes Reasons for Medicaid benefits denial It is best to begin planning for long-term care as soon as possible. I have recently read that approximately 70% of people currently turning 65 will require long-term […]
How Common Is It That Long-Term Care Costs Are Not Properly Planned For?
In this article, you will discover: What could happen if you do not properly plan for long-term care The most effective long-term care cost planning measures According to recent survey information, approximately 93% of people do not have Long-Term Care insurance, and they have not made other arrangements for long-term care. What Can Happen If […]
Can I Still Keep Control Over My Assets If I Put Them Into A Trust?
In this article, you will discover: Necessary healthcare-related planning documents Important components of an estate plan How often an estate plan should be reviewed If you need an estate planning attorney You absolutely can keep control over your assets if you put them into a trust. The trust that I recommend is fully revocable and […]
An Estate Plan Makes Things Easy for Your Loved Ones
I regularly meet with clients who want to take preventative measures to ensure their families are not burdened if they become incapacitated or die. The most common question I hear is, “What do I need to do to make it easy for my loved ones?” I do have a few recommendations. 1. Prepare an Estate […]
The Difficulty of Life-or-Death Decisions
During my initial consultation with clients, I always discuss the various documents that should be part of a comprehensive estate plan. As I explain the purpose of each document, I find that the Directive to Physicians, also known as a Living Will, generates the most discussion. It’s also the document clients have the most difficulty […]