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December 2016 Archives

The importance of estate planning for new parents in Texas

New parents have many things on their minds. For most in Texas, their goals are often focused on meeting the needs of their new child. To many, these tasks include warming bottles and changing diapers. However, ensuring that the proper estate planning documents are in place is also an important part of ensuring that the needs of children are met.

A trust can ensure the well-being of Texas pets

Many households in Texas have pets. In many cases, pet owners consider their pets to be actual members of the family. As such, they deserve equal consideration during the estate planning process. The attorneys at Hayes & Wilson, PLLC, can help pet owners create a pet trust that will help ensure that a pet is cared for even when owners are unable to provide care due to death or incapacitation.

Care planning involves considering incapacitation

The creation of wills and trusts is an extremely important process that helps ease the stress experienced by family members in Texas following the loss of a loved one. However, these tools are not the only part of estate planning. Many people also go through care planning, which includes naming a person to make medical and financial decisions on their behalf should they become incapacitated.

Costly estate planning mistakes to avoid

As with most things, a person in Texas who wants to create a will can find do-it-yourself instructions online. However, the estate planning process often encompasses more than the creation of will, and individual circumstances could warrant more than a generic template. In addition to overlooking the importance of creating other tools of such a plan, a do-it-yourself approach can result in costly delays in the administration of an estate.


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