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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 If you’re between the ages of 59 and 70½, you are at the perfect spot to start an IRA Exit Plan. Talk with a qualified estate planning attorney when designating your primary, contingent, and tertiary This inability to change ownership of your IRA can lead to gaps in planning for Medicaid and Veteran

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 Trusted Houston Estate Planning Lawyer for Young Families Remember, estate planning is not a one-time

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

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. Annual-exclusion gifts can be used for 529 plans, uniform gift to minors act (UGMA) accounts, or even

Those who plan well in advance have more options available to them than those who delay decision-making While it is possible to make Medicaid plans without the assistance of an attorney, it is not a good 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.

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

After all, drawing up plans to distribute your assets to your partner, children, or other loved ones Without proper preparation, such a situation could throw your carefully laid estate plans for a loop. While most people can benefit from detailed estate planning, succession planning becomes even more important A simultaneous death provision may already exist in your estate plans. To put a plan in place to protect your estate from simultaneous deaths or to get your existing plan reviewed

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

Estate plans have several components to help beneficiaries carry out the requests of the benefactor. 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. Review the Plan Yearly. An estate plan isn’t something you do once and never look at again. Be sure to work with a qualified estate planning attorney to make sure that the estate plan will foster

The words “fun” and “estate planning” are not typically used in the same sentence. Most people see estate planning as a chore to muddle through. crafted estate plan. offer many long-term planning advantages. This is especially true when it comes to estate planning.

assistance of an estate planning or elder law attorney. Planning for Irresponsible Beneficiaries When you begin the estate planning process, you may wish to One way to plan for this situation is to make use of incentive trusts. What Happens If You Don’t Plan Ahead While most people have some sort of will, estate planning is not Estate planning is important for everyone.

What is Considered High Net Worth for Estate Planning Purposes? 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 Reach Out to an Experienced Houston Estate Planning Attorney High-net-worth estate planning is a critical