Creating a Texas guardianship is necessary to protect an individual who cannot care for or protect themself. This situation can occur when a person has a mental deficiency, sustains an injury following an accident, experiences memory loss due to old age, or has had a traumatic brain injury. When a guardian is needed, there are …
Using the Least Restrictive Alternatives to Avoid Guardianship Read More »
During the process of estate planning, we address the need for properly handling property transfers via the creation of a trust. Many people think that a trust is something that only people with a lot of money do or that it’s an allowance for your heirs after you die. In fact, anyone who has assets …
The idea of disability and incapacity are often used interchangeably in the general public. In relation to guardianship, if an individual is disabled or incapacitated, it will help determine the best alternatives in setting up an appropriate guardianship for that individual. In a broad sense, these terms are useful to describe the challenges or …
What Is the Difference Between Disability and Incapacity in Relation to Guardianship? Read More »
There are many alternatives to declaring a guardianship over an individual. The idea of an alternative to guardianship is appealing to many people, because it will allow the individual to retain some independence in making life decisions. If there are family members or close friends who are willing to take on the role to help …
When you’re married and want to plan for the future, your estate plan should include ways to pass on your assets without making your spouse go through probate. There are a few ways to do this, so that your spouse spends less time in court and obtains the assets they need much sooner. Some of …
Is there a way to transfer assets to a spouse to avoid probate? Read More »
A Qualified Terminable Interest Property Trust (QTIP) is a marital deduction trust that is an irrevocable marital trust between spouses, to ensure a decedent’s property will give lifetime income to a surviving spouse. After the death of the surviving spouse, the QTIP will then pass the property to other named beneficiaries. The QTIP differs from …
What Are QTIP Trusts and Why Married Couples Should Get One? Read More »
When you work on your estate plan, one of the goals is to help resolve debts and make sure they’re not a concern for your beneficiaries. What happens, though, if you do pass away with debt? Whether you have a mortgage or credit card debt, the reality is that your debt doesn’t just disappear. Your …
Does Debt Get Passed to Your Beneficiaries When You Die? Read More »
Texas is a diverse place to live. Rich with culture, this state is one that many people choose when it’s time to settle into a career or find a place to retire. If you are not from Texas and already have an estate plan when you move into the state, then it is extremely important …
Moving to Texas? Here’s What You Need to Know About Your Estate Plan Read More »
Advantages of Donor-Advised Funds (DAF) There are many advantages of a DAF, and it can be used as an instrument of charitable giving in the upcoming year. The Donor-Advised Funds has many attractive aspects, and can be set up very easily to start giving right away. You may not have heard of DAFs, therefore, let’s …
Well, it’s nearing and at the end of the year, and we are all preparing for the beginning of the New Year for 2022. Happy Endings and Happy Beginnings! This is also the optimal time for you to make a new list of your emergency contacts, list who you will continue to trust in the …
Emergency Contacts and Making Changes to Who You Can Really Trust on Paper Read More »
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