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November 2016 Archives

Property division an important part of estate planning

Life is full of decisions. When it comes to estate planning in Texas, parents are often left making decisions that seem unfair. However, depending on individual circumstances, simply leaving everything to split evenly between children can be problematic.

Why do people in Texas choose a special needs trust?

A will and other estate planning tools can help people ensure that their estate is divided according to their wishes. For many people, tools such as a trust can help provide greater flexibility in regard to asset distribution. In some situations in Texas, a special needs trust may be necessary to ensure that a person who is unable to make decisions or care for him or herself receives life-long care.

Care planning important in Texas estate plan

When most people consider the estate planning process, their thoughts immediately go to creating their will, and they may not think about anything more than that. However, there are other options to consider. In some instances, a person may become unable to make medical decisions for him or herself. With no previous care planning, doctors in Texas will turn to family members to make important medical decision.

Important estate planning considerations in Texas

Most parents in Texas spend their life attempting to be fair to their children and ensuring that they treat them equally. However, some come to the realization that fair treatment does not always mean treating children the same way. The same extends to the estate planning process. Parents are often left making difficult decisions in how their estate will be divided and who will serve as their personal representative.

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