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Understanding Estate Planning in Texas Estate planning is a process that involves making plans for the to appoint someone to manage your financial affairs if you become incapacitated. Durable Power of Attorney is a legal document that gives someone you trust the authority to handle your financial They should be trustworthy, responsible, and capable of handling financial matters. Don't hesitate to ask for referrals from friends, family, or financial advisors.

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 Appointing a financial representative while you are in good health means that you have a say in what

Here is a handy checklist for all your estate planning needs: Your Will Even if you already have a will estate Powers of Attorney If you have not already selected a trusted family member or friend to make financial 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

In fact, a recent gobankingrates.com article, “Your Estate Planning Checklist: How to Create a Financially Sound Estate Plan,” sets out an estate planning checklist to help you start a solid estate plan. professionals you work with—like attorneys, accountants, brokers, and financial planners. Review the Plan Yearly. An estate plan isn’t something you do once and never look at again. Reference: gobankingrates.com (June 22, 2016) “Your Estate Planning Checklist: How to Create a Financially

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

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.

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.”  that because you are suffering from a chronic illness that it is too late to take steps to better your financial

Here are six tax planning considerations of interest to those over age 50 from Next Avenue’s recent post , “2016 Tax Planning Ideas for People 50+.” As you close in on retirement age, make sure to max out your retirement plan contributions through an employer-sponsored plan like a 401(k) or an IRA. donor advised fund (DAF) account, which are charities set up primarily by community foundations and financial

Planning for Irresponsible Beneficiaries When you begin the estate planning process, you may wish to Why an Estate Plan Is Beneficial Aside from preventing family fights and possible financial turmoil for What Happens If You Don’t Plan Ahead While most people have some sort of will, estate planning is not Thorough estate planning can protect your family from financial hardships after your death. By taking the time to sit down with our team at Your Legacy Legal Care, you’ll avoid many potential financial

While estate planning is important for married couples, it is arguably even more necessary for couples Without an estate plan, married couples would not be able to make end-of-life decisions or inherit from Statutory Durable Power of Attorney This appoints an agent to act on your behalf for financial and legal It permits the person (or people) you name to manage your financial affairs and it allows you to avoid Call an Estate Planning Attorney Today To determine the estate planning options that are right for you

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 attorney is a legal document that enables someone else to make important decisions—whether medical or financial—on Insurance planning — Insurance planning can help you ensure that your loved ones are provided for after can use life insurance , disability insurance, and long-term care insurance to protect your family’s financial

Gifts are often finalized in a hurry – we rarely consider the tax or financial implications when making Here are just a few of the most powerful estate planning tools you can use when considering your charitable Care at (281) 885-8826 or click here to schedule a meeting with our experienced elder law and estate planning