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“Estate Planning – It’s a Need” #AssetProtection #Guardianship #EstatePlanningLawyer #Inheritance #Wills

Health and End-of-Life Decisions Living Wills and Healthcare Directives are also influenced by religious A qualified estate lawyer can help you create a charitable giving plan that faithfully conforms to your

Basic wills, holographic wills, and pour-over wills all have different purposes. Wills may also outline arrangements for heirs requiring special care. One Size Does NOT Fit All: Types of Wills in Texas Texas recognizes several types of wills, each with Holographic or Handwritten Wills in Texas Holographic wills are written, dated, and signed in the testator Pour-Over Wills Pour-over wills work in conjunction with separate living trusts that direct property

Wills also allow you to designate an executor, or the person who will handle your estate after you pass Charitable bequests are ideal for one-off donations. However, if you hope to support an organization over an extended period, you might want to establish a charitable Charitable trusts are separate legal entities that hold assets for you and give you tax advantages. You can structure such arrangements as either a charitable remainder trust or a charitable lead trust

Healthcare directives, also known as living wills, provide instructions on your medical care and end-of-life Charitable Donations If you have a favorite charity or cause, you can include a provision in your estate Charitable donations can help support causes that you’re passionate about and leave a lasting impact

Charitable Gifts While many people prioritize charitable giving each year, many forget to plan for charitable Charitable Gift Annuity: You can purchase a charitable gift annuity. Charitable Remainder Trust: With this trust, you or people you designate can receive the trust income Charitable Lead Trust: Conversely, with this trust, charities you designate can receive the trust income Incentive clauses can help pass values down to your heirs by encouraging education or charitable giving

The video highlights the importance of proactive estate planning—such as creating wills and powers of number of guardianships in Texas, many can be avoided by doing essential estate planning tools like wills , power of attorneys, and living wills.

#EstatePlanningLawyer #Executor #Probate #Wills

In this meantime, this article is a brief discussion of invalid wills. Beware of Invalid Wills The leading reasons a will may be invalid include: Improper Execution — An improperly Replacement by a Subsequent Will — Although wills should be updated to reflect the changes that occur

It’s now permanent for those over 70 ½ to make a tax-free “qualified charitable distribution” with a Using Donor Advised Funds for Charitable Contributions. your income will decline in coming years, consider taking advantage of your current ability to deduct charitable Your contribution is held in an account from which you can make charitable contributions by “advising You get a charitable deduction, and the money can be taken out of the account for charitable causes in

You still need an estate plan” #AssetProtection #EstatePlanningLawyer #Inheritance #Wills #TaxPlanning

Charitable Trusts A charitable trust can help you earmark funds for your favorite cause or organization There are two varieties: charitable lead trusts and charitable remainder trusts. Charitable remainder trusts allow you to receive income from assets for a set period of time, with the In Texas, a charitable trust receives favorable tax treatment. Your Legacy Legal Care can set up a charitable trust that allows you and your loved ones to retain the