When should you revisit your estate plan?
According to Forbes, there are two common errors people make when it comes to estate planning. The first is to fail to have a plan in place at all. The second is to fail to update your will or estate plan every few years, or as life circumstances change. If you have...Creating a special needs trust
There are a lot of options available to those who wish to set up an estate plan, from a will to various types of trusts. However, everyone is in a different position and for some people, there are unique strategies to ensure that loved ones receive the support they...Your second marriage and your estate plan
Texas is one of a handful of states known as a community property state. In short, this means that the state considers nearly all assets and all debts held by a married couple to be jointly owned or jointly liable unless otherwise identified, such as in a prenuptial...Want to see how interesting an estate can be? See ‘Knives Out’
“Knives Out” isn’t the typical big-budget, action-packed film that’s popular these days. Instead, it turns a topic that most people find pretty dull (estate planning and wills) and turns it into something truly interesting.It’s also...Can you keep your heirs from losing an inheritance in divorce?
If you’re a grandparent developing your estate plan, you may choose to leave some of your assets directly to your grandchildren rather than leave it to their parents to pass on a portion of their inheritance.Whether your grandchildren are toddlers or young...Why people don’t even talk about estate planning
There’s an interesting issue in the United States where everyone knows they’ll need an estate plan, but many people never write a will. Similarly, children often understand that their parents need to talk to them about estate planning — four out of...How do you prevent someone from contesting your will?
When creating a will, it’s important to think about what will happen upon your death. More specifically, there are steps you can take now to prevent someone from contesting your will in the future.Here are several things you can do:Create your estate plan as...Do these things when choosing an executor or trustee
As you create your estate plan, you’ll soon realize that you have to involve many other people. For example, if you’re creating a will, you need to name an executor. And if you’re creating a trust, you’re required to choose a trustee.An...Anyone can make these estate planning mistakes
Estate planning is not something most people look forward to. In fact, it may be something you continue to put off. Although it’ll bring you face-to-face with some important questions, it’s critical to dive in at the appropriate time.Here are five estate...
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