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Financial planning issues, however, can vary according to age. financial planning guide for different stages of life and the transitions faced along the way. Plan on at least 15% of income to be set aside for retirement—25% would be better. Taxes are also a critical planning element, such as for funds withdrawn from traditional IRAs. #SocialSecurity #PlanningfortheFuture #HoustonTaxPlanning #Medicare

ThinkAdvisor’s article, “New Estate Planning Strategies for a Post-Portability World,” says that there may be many folks who’ve continued to rely upon their outdated, pre-2013 estate plans. Reviewing a pre-2013 estate plan may be really beneficial for higher-income individuals. Regardless, consult a qualified estate planning attorney to help you select the most appropriate strategy Reference : ThinkAdvisor (June 7, 2016) “New Estate Planning Strategies for a Post-Portability World”

In an ideal world, people would be as excited about estate planning when they turn 18 as they are about The reality is very few young adults take the time to craft even the most basic estate plan. Why does an 18 year old need an estate plan? Most people don’t think about estate planning until they have children or reach retirement age. What does a typical 18 year old’s estate plan look like?

Estate planning might seem like walking through a maze. A key part of estate planning is creating a will. Our experienced team has successfully guided countless individuals in Houston through the estate planning planning and long-term care planning, our team is adept at tailoring solutions that cater to your unique In the realm of estate planning, knowledge is power.

Understanding Estate Planning in Texas Estate planning is a process that involves making plans for the This process, known as intestate succession, may not align with your wishes. estate planning attorney. Finding the Right Estate Planning Attorney in Texas Choosing the right estate planning attorney is crucial They should be well-versed in Texas estate laws and have a track record of success.

There are many misconceptions about estate planning and implementing any of them into your estate plan Understanding who needs an estate plan and what it should cover is key to creating a plan that is right The following are some common myths that people have about estate planning: Estate Planning Myth 1: “ may not need a complicated plan. Estate Planning Myth 2: “I’m Too Young for an Estate Plan” No one likes to think about death, but it

The only constant in estate planning is change. Your plan administrator or financial advisor can help you understand how such changes may impact your plan. What This Means for Your Estate Plans There has never been a better time to make additional gifts in Update Your Estate Plans Now Making sense of estate planning laws often requires professional help.

In order to create a comprehensive estate plan, it helps to be familiar with your state’s laws and regulations The Lone Star State presents a number of unique challenges when it comes to estate planning. While only an experienced estate planning attorney can give you specific advice about Texas’s laws, it Dynasty Trusts The perks of a dynasty trust for long-term wealth planning are significant. thorough estate plans.

Too often, though, banks inadvertently throw the most carefully laid estate plans out of alignment. Here’s how to be mindful of possible planning pitfalls: Transfer-On-Death Accounts Over the last few That’s because transfer-on-death accounts pass outside of traditional estate planning. can help you with your family’s estate plans and probate needs. Whether you are looking to craft estate plans for the first time, need help updating existing plans,

A Forbes article, “Wealth Planning For Couples: How to Wisely Merge Your Financial Plans,” says that While planning your wedding, you and your partner should discuss several serious topics and consult with an estate planning attorney. Even if a couple doesn’t combine all their assets, they should mesh their financial plans to avoid future Reference: Forbes (November 27, 2015) “Wealth Planning For Couples: How To Wisely Merge Your Financial

Marriage offers many legal and financial protections, so if you’re planning to live together without Prepare Your Estate Planning.

Most Houston estate planning attorneys will tell you that the work they do often has the biggest effect That is not to say that estate planning is not important for everyone, rather that women are more often Here are some things that this Houston estate planning attorney recommend women keep in mind: Estate Planning Tips for Women #1: Appoint a Financial Representative Along the lines of creating a medical power of attorney, have your estate planning lawyer in Houston draw up a statutory durabale power of