One lesser-known but highly effective tool in estate planning is the lady bird deed, also known as an enhanced life estate deed. Unfortunately, many who could benefit from this deed do not know how it actually works. As you start drafting your estate plan, you should...
Getting married in middle age or later is not just a significant personal event but also one of the most important financial decisions in your life. Understanding this emphasizes the necessity of a thorough discussion about financial matters before tying the knot....
Estate planning involves making decisions about the management, preservation and distribution of your assets both during your lifetime and after your death. Many types of trusts exist and can meet various aims. However, Texans doing their estate planning may find that...
The role of an executor in managing and distributing an estate comes with a great deal of responsibility. One of the most challenging aspects of this role is preventing family disputes over the estate while ensuring a smooth and amicable process. 1. Clear and detailed...
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...
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...
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...
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...
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...