Search Results

Understanding how a marital trust works can help families plan their financial futures and protect their allocate the remaining assets to any beneficiaries they wish, including their own children or other family This type of trust is particularly useful in blended families, where there are children from previous Changes in family circumstances, such as the birth of new children or the acquisition of new assets, By understanding and implementing a marital trust tailored to your unique family dynamics and financial

To avoid family feuds after you are gone, it is important to have a plan and make your wishes clear to These types of situations can create great suspicion and irrevocably split families causing siblings For example, in a family whose parents were able to save one painting by a famous artist when they fled heirlooms or valuable artworks that you want to stay in the family. the distribution process will create family strife.

They say blood is thicker than water, but sometimes promises made between family members don’t hold water heart-rending cases our firm has ever been involved with are situations where broken promises between family I Will Care For Them… If You Will Care For Me Many families in the Houston area have several generations Broken Promises What can you do when you have given years of your life to your family, and they can’t Figuring Out The Future If you are angry with your family for failing to provide you the care they previously

When planning for your family’s future, it is inevitable that we think about where we will be in five , ten, fifteen years, and where our families will be when we pass. dollar estates Disabled Children/Individuals with Special Needs Who May Require a Special Needs Trust Blended families Properties in foreign countries Complex family businesses. One of the best things that you can do for your family is to ensure that you estate planning has been

If you want to keep your vacation house in the family, start planning. If you don’t include it as part of an overall estate plan, it can result in family disagreements. One of the easiest is to leave it outright in your will to specific family members. Keeping the vacation home in your family may not be possible. your family to inherit and how it would be cared for over the years.

The Investopedia article, “Estate Planning: Which Assets Are Best to Leave Your Family,” says that there Liquid assets are the easiest to leave to family, and the more assets you can liquidate, the easier you Reference: Investopedia (June 27, 2016) “Estate Planning: Which Assets Are Best to Leave Your Family”

to do in retirement, says the Rocky Mount Telegram’s article, “Retirement and estate planning is a family Reference: Rocky Mount Telegram (June 24, 2016) “Retirement and estate planning is a family affair” #

We love helping parents craft estate plans that protect and provide for their families. While we make custom estate plans for all sorts of Texas families, we find it particularly rewarding to work with families who are setting up plans to benefit a loved one with special needs . One of the most important things we help families who have a loved one with special needs do is establish Speaking of government benefits, we also help families find and apply for government assistance, and

Family situations: The marital status has changed for your child, grandchild or you. There’s a new baby in the family. Your spouse, child or grandchild has died. You or a family member are now ill or incapacitated. Major transactions: This includes making substantial gifts and borrowing or lending money—even purchasing Use your common sense and think about what’s going on in your life and in the lives of your family and

Credit.com’s recent post, “Who Gets the Family Heirlooms When I Die?” However, in blended families, the law typically notes a percentage or faction—such as one-third or one-half Rather than put your family through this, your best option for dealing with your tangible personal property Reference: credit.com (February 14, 2016) “Who Gets the Family Heirlooms When I Die?”

If you don’t have estate planning documents, then your family will be exposed to unnecessary court fees First, know that some families are shattered by jealousy, animosity and a lack of trust when a parent A big reason family wealth erodes is a lack of communication, understanding and trust among family members This means communicating your money values and family goals; sharing your intentions regarding heirs or beneficiaries and time frames for transfers; introducing family members to your advisors—such as your

The question to ask is whether you should simply leave it to your kids like the Vanderbilt family, or How do you turn a successful business into a financial legacy that will empower your family for generations Compare the two historic families: the Vanderbilt fortune has been spent, while the Rockefeller fortune Forbes, in “How to Create a Family Trust to Empower Your Great-Great-Grandchildren,” reports that some families invest substantial time and energy into designing a financial legacy with the assistance of