As we age, the need for long-term care becomes more likely. In Temple, Texas, the cost of such care can quickly drain savings. That's why including long-term care planning in your estate strategy helps protect your assets and ensures your wishes are respected. What is...
Estate Planning
Common estate planning mistakes and how to avoid them
It may be common to commit errors in estate planning. However, avoiding these mistakes is crucial as they could have lasting consequences for your loved ones. Below are common estate planning mistakes and steps you may consider to avoid them. Procrastination One of...
What happens if beneficiary dies before you?
Estate planning is where you can carefully select beneficiaries to inherit your property. But what happens if a named beneficiary passes away before you? Although not a positive thought, this occasionally happens. When your named beneficiary in the will predeceases...
What kinds of last wills and testaments does Texas recognize?
Having a last will and testament allows a testator to leave their property to their desired beneficiaries after their passing. Additionally, a testator can create a trust and name people to manage their property and take care of their minor children. A testator must...
Grounds for contesting a will in Texas
Dealing with estate-related affairs in the aftermath of a loved one’s passing may seem like an overwhelming endeavor at times. This can especially be the case if complications arise during probate. Arguably the most contentious of all these matters can occur during...
A look at estate planning for pets
Creating an estate plan is essential for ensuring that a person’s assets end up in the intended hands when he or she passes away. However, estate planning can be just as helpful for an individual’s furry family members as it is for his or her human loved ones. Here...
Avoiding the probate process
There are many questions and concerns Texas residents may have regarding the aftermath of their passing, especially in the event that it should occur suddenly and unexpectedly. A lot of these worries are probably in regard to the potential for a time-consuming process...
How to prepare for the possibility of incapacity
People engaging in estate planning in Texas focus on creating wills and trusts to leave their property and assets to family members, friends and nonprofit organizations. However, estate planning also involves planning for possible incapacity. There are several ways to...
Estate planning is essential
Individuals in Texas may not want to think about what may happen to their assets after they pass away, but creating estate plans can be smart moves for them and their family members. A detailed plan can ensure that a person’s assets end up in the right hands long...
How to create an estate plan
Research shows that 34% of people in the United States have estate plans. This means most people in Texas and elsewhere will have to rely on the legal system to handle their estates when they pass away. Unfortunately, the courts may distribute their property...