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September 2016 Archives

The value of a will, estate planning in Texas

Families in Texas and across the country are complex. Many include loved ones who are not biologically related, while others may not have a strong relationship with those who are considered kin. As a result, having a will in place can ensure that a person's wishes are met following his or her death rather than having the state make decisions regarding guardianship of children or distribution of assets based on biological ties.

Guardian: A single word with many forms under Texas law

So, you are a relatively healthy adult in Houston. Maybe you have family, siblings or children. Maybe you don't. What difference does it make? You're healthy and you are fully capable of dealing with the day-to-day issues that we all confront. But what if all that changes?

What if toxic pollution erodes value of bequeathed assets?

The best-laid plans can be messed up by things not anticipated. This is something about which skilled estate planning attorneys in Texas are aware. Estate planning actions taken with all good intention can lead to some very unsettling family conflict if proper care isn't taken. What's most unfortunate is that oftentimes the issue doesn't surface until after the person making the bequest has died and the estate is in probate.

Divorce and estate plans can clash without due diligence

Life can be complicated. It's common for people in Houston and the rest of Texas to do all they can to avoid problems. For many, this means denial and not undertaking the process of estate planning. For others, it means taking the step to draft a will but not going whole hog on a comprehensive plan.

Is LTC insurance costing so much as to be put out of reach?

Last week we offered perspective on the value of long-term care insurance. The reality is that everyone in Texas is getting older and the expectation of many experts is that extended stays in assisted living or nursing homes are not so much a possibility as a probability for many of us. In that light we noted that many experts agree that having LTC insurance is a wise idea.


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