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Designating Beneficiaries on Financial Accounts By designating beneficiaries on your financial accounts Retirement Accounts: Such as Individual Retirement Accounts (IRAs), 401(k) plans, 403(b) plans, and pension plans. It’s important to note that the rules and options for adding beneficiaries may vary depending on the financial Consider consulting an estate planning lawyer to guide you through the process.

that the payout from a life insurance policy, and you suddenly realize that you have quite a bit of financial Our attorneys are available to sit down with you to review your estate plan and consider how a trust or other estate planning tools can best meet your needs.  To schedule a planning session, call us at (281) 885-8826 and mention this article.

Having an estate plan in place makes everything much easier for those left behind. An estate plan gives clear instructions on how assets should be distributed, which eliminates any confusion Having an estate plan also allows individuals to choose their own executor rather than leaving it up If you’d like to create an estate plan or you need help getting letters of administration for a loved one who died without a will, contact an estate planning attorney from Your Legacy Legal Care.

If you are a current or soon-to-be agent under power of attorney or planning your estate to include a They can buy your groceries, water your plants, and even make financial decisions for you which is why Suppose one were to execute a power of attorney for financial matters with more than one agent, one for In that case, the authorized agents are limited to making financial transactions involving only those It is not a will or estate plan since, if you die, your agent’s authority ceases.

Whether to convert to a Roth IRA involves a variety of factors, like your age, your financial and life You live in a state that’s exempt from income taxes (or it has lower income-tax rates) and plan to move You want to help your family succeed financially in the future. conversion could wipe out any benefits of a lower income tax rate down the road; or You don’t have any financial You should always talk with your estate planning attorney before executing any conversions or advanced

Estate planning can be a complex process. It becomes even more intricate when planning for a loved one with a disability. These trusts are designed to provide financial support. The Role of Special Needs Trusts A Special Needs Trust (SNT) plays a crucial role in estate planning Contact a Houston Special Needs Planning Attorney Today Our   special needs planning attorneys  at Your

These letters can be kept with your estate planning documents.  Estate planning certainly deals with death, but it also gives us a reason to think about life and the the kinds of non-profits and charities you can support to ensure your values are represented in your planning Many nonprofit organizations will happily work with you to put together some kind of a giving plan for He or she will likely have many other suggestions for ways to use your planning in order to help build

One of the tasks an estate lawyer in Houston may handle is estate planning for children with disabilities Children with disabilities need ongoing care, including financial care, throughout their lives. Estate planning is complicated enough, but trying to do your best by your child can make your head spin However, if you leave them nothing, then they are without the financial security you have provided for

An Inheritance May Impact Your Government Assistance An inheritance sounds great until you have to plan Our special needs planning attorneys have protected loved ones with disabilities for many years and can Consult an experienced Texas estate planning attorney to be sure you’re keeping up with the regulations Build A Strong Estate Plan With A Texas Estate Planning Attorney While reviewing your estate plan with an experienced estate planning attorney, some assets simply have no financial future.

If your child has financial problems, you should absolutely not add their name to any of your assets You could possibly lose your home due to your child’s financial mistakes. assets to your heirs and make sure your wishes are followed, talk to an experienced Houston estate planning

search online, a number of attorneys will advertise the practice of elder law—often thought of as estate planning wills and powers of attorney) and estate administration (the execution of a will and management of the financial These are the result of a plan that implements care coordination services in addition to traditional In many situations, creative thinking and planning by qualified elder law attorneys who are familiar

(also called a health care proxy), and an advance health care directive (“living will”) for estate planning What to know about estate planning.” Other financial assets like life insurance proceeds and funds from retirement plans are also automatically It’s critical to have up-to-date estate planning documents, and you should get these legal documents from lawyers who focus their practice in estate planning.