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Estate planning is a complex area of the law. The Motley Fool’s article, “Estate Planning in 2016: Here’s What You Need to Know,” shares some of the must-know facts that will affect estate planning in 2016. Because of this, many people have a false sense of security that they don’t need to do estate planning Neglecting estate planning can be a costly mistake for your heirs.

Estate plans have several components to help beneficiaries carry out the requests of the benefactor. Sound Estate Plan,” sets out an estate planning checklist to help you start a solid estate plan. A trust allows you to transfer property to your heirs without going through probate. 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

Marriage offers many legal and financial protections, so if you’re planning to live together without Prepare Your Estate Planning. enough to move in together should consult an estate attorney to draft specific documents—like wills, a health

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

that he has a fortune estimated at more than $5 billion, Sumner Redstone could hire the best estate planning The New York Times’ article, “In Sumner Redstone Affair, His Decline Upends Estate Planning,” explains And this is an issue for many people of even modest wealth. Regardless the size of their net worth, a good number of those people will consult with estate planning However, sometimes no amount of legal advice can save people from their unwillingness to make plans for

could not make you both any closer, so it is only fair that you make provisions for him in your estate plan A blended family estate planning attorney is just what you need. Frequently Asked Questions About Estate Planning for a Stepfamily I married someone with a child but Stepparents will not inherit unless specific provisions are laid out in an estate plan. Consult with an estate planning professional at Your Legacy Legal Care about setting up a trust that

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

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

Families with children with disabilities need to take extra precautions in their estate planning.   depend greatly upon the child’s competency and age, but it is never too soon to start considering how to plan Transfers to a special needs trust generally incur no penalty. Special Needs Estate Planning Attorney These planning tips require serious consideration and a lot of Call us at (281) 885-8826 or contact us here to start planning for your loved one’s future today.

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

The estate planning industry is constantly changing. Technological advances make it easier than ever for both estate planning attorneys and their clients The use of these new technologies will undoubtedly change the estate planning world for good – even as It has become standard to file an entire plan without ever touching a single piece of paper. These programs help to make the estate planning process more streamlined.

Understanding the essentials of estate planning can help you and your family plan for a bright future Trusts and wills work in conjunction to directly instruct the transfer of assets, and if done correctly Make sure your assets are transferred to your intended heirs by properly designating your beneficiaries It is far better to make plans in advance to leave the job to a trusted advisor. Cement Your Future Plans Now with Our Estate Planning Guide These simple steps can prepare you and your