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A marriage between two power players hopefully brings future happiness. Although a possible divorce isn’t an easy subject to broach with your future spouse, it’s important. You should negotiate a prenuptial agreement six to eight weeks before the wedding to avoid potential future Couples should also discuss financial and emotional decisions about any future healthcare problems, especially Even if a couple doesn’t combine all their assets, they should mesh their financial plans to avoid future

Estate planning is a vital step in securing the financial future of any family. What is Estate Planning? Estate planning also involves planning for your children’s care and making sure that your wishes are Estate planning can help you: Protect your children — Estate planning allows you to appoint guardians Steps to Take When Estate Planning for Young Families Now that you understand why estate planning is

But after investing and saving with one of these plans for the last 30 years, as retirement nears you MarketWatch, in its recent article, “IRAs are for retirement planning, not for retirement,” suggests Here are few ideas: If tax rates increase, qualified accounts don’t give you any protection from future If you’re between the ages of 59 and 70½, you are at the perfect spot to start an IRA Exit Plan. This inability to change ownership of your IRA can lead to gaps in planning for Medicaid and Veteran

Financial planning issues, however, can vary according to age. Establishing good financial habits can pay big dividends in the future. Insurance is critical, so get enough life insurance to cover the mortgage, day-to-day living expenses, and future Plan on at least 15% of income to be set aside for retirement—25% would be better. Also, look at long-term care insurance to hedge against the cost of future health issues that might require

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

Business Succession Plans Succession planning has become all the rage in the wake of HBO’s hit show “ Going without a succession plan in 2022 is, simply put, a bad idea. is best to seek the guidance of a professional estate planning attorney. The Best Business Plans Include Estate Plans You have worked hard to build your business. Take time to ensure its longevity by creating an estate plan.

Marriage offers many legal and financial protections, so if you’re planning to live together without The contract will have agreed-upon terms for the division of assets if a future breakup happens. Prepare Your Estate Planning.

Here is a handy checklist for all your estate planning needs: Your Will Even if you already have a will You may want to solicit the help of a trusted estate planning attorney for this task. Too often, we hear stories where people fail to take care of estate planning concerns after a divorce Take action today to ensure that your wishes will be met no matter what the future holds.

Those who plan well in advance have more options available to them than those who delay decision-making When in doubt, it is best to work with a trusted Medicaid planning attorney from the start. Delaying Plans Another common Medicaid planning misstep? Waiting too long to cement plans. The earlier you start planning, the more options you will have available. attorney about your options well in advance of any potential health issues that may arise in the future

Let’s discuss an estate plan vs. a will. succession Trusts Probate Elder law Guardianship Medicaid planning Special needs planning Long-term Your Houston Estate Plan Might Need a Trust Trusts form a vast portion of estate planning. Including Medicaid Planning in Your Houston Estate Plan Making plans for your final days is arguably Expand Your Estate Plan With a Houston Estate Planning Attorney We offer complete estate planning services

That is a staggering statistic, even for me as a Houston estate planning lawyer that works with sick Everyone needs estate planning, but for the chronically ill there is a high sense of urgency. For healthy people, a will or trust plans for the “what if?” When you have a chronic illness, you are planning for the “here and now.”  Additionally, an estate planning lawyer in Houston can help you utilize tools such as trusts to protect

is essential to ensure that everything is in order so you can protect your wealth and pass it on to future Benefits of High-Net-Worth Estate Planning Estate planning offers several benefits to individuals with Key Considerations for High-Net-Worth Estate Planning High-net-worth estate planning involves several Insurance planning — Insurance planning can help you ensure that your loved ones are provided for after insurance , disability insurance, and long-term care insurance to protect your family’s financial future