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In this blog, we’ll take a look at the biggest estate planning stories of the year so far and what we , and a later tell-all book about the famous family are reminders of the importance of estate planning If an estate plan is clear and well planned, messy litigation and family conflicts are far less likely What happened with Prince’s estate demonstrates why it is essential to plan while you are living. plan.

Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing By the time you reach your eighties (or older), the majority of your estate planning may already be taken However, if you want to ensure all of your bases are covered, keep these estate planning tips as you age beyond your forties and fifties in mind: Update Estate Plans After Life Changes Any significant life Help for Maintaining Your Estate Plans Life changes fast, and often unexpectedly.

When it comes to estate planning, there are five factors of ethical behavior that everyone should be Unless you are dealing with an estate planning specialist, ethical considerations in estate planning skilled in providing estate planning guidance. With both parties’ informed consent, joint representation is feasible. If the estate plan is contentious, this situation could be difficult.

Life insurance—whether term or whole life—can be used to fulfill various planning goals. Permanent or whole life insurance is typically more expensive than term and should be used for estate planning, leaving a legacy, transitioning ownership of a business, and covering burial expenses. on life insurance in general or on any one particular type of life insurance to solve all financial planning Life insurance isn’t a “silver bullet” for all planning needs but is one tool among many to help people

plan to help protect your assets even more than they already are. Here are just a few factors to consider as you establish or update your estate plan under the Biden administration could leave many people with taxable estates without careful tax planning. Gifting early in your retirement or utilizing life insurance as an estate planning tool may be a good While no one can predict the future, experienced estate planning attorneys can make recommendations that

If you find yourself frustrated by your spouse’s outlook on estate planning and planning for your future Understand Your Options As you discuss estate planning with your spouse, also be sure to consider possible While it is hard to plan for the worst-case scenario, playing with the theoretical can help you and your Talk with an Experienced Estate Planning and Elder Law Professional If you and your spouse are still struggling to get on the same page about estate planning, it may be time to consult with a professional

Are you familiar with estate planning? What Are the Most Common Estate Planning Documents? It’s important to work with an experienced estate planning attorney to ensure your estate planning documents Need Help Creating an Estate Plan? things in your estate plan, as discussed today.

One of the most enjoyable parts of being a Harris County estate lawyer is helping clients set up trusts The fact that estate planning lawyers are a part of it is almost a bonus to the job. The financial advisors are given too much freedom to play “fast and loose” with the money, as well as By having your estate planning lawyer include directions for a directed trustee, you can mitigate some of the concerns that come with choosing a family member or giving a financial planner too much leeway

Estate planning is important – you probably already know this much to be true. Consider Whom You Are Planning For An estate plan is more than just a list of your assets and how you Having proper estate planning documents established will allow you to make your wishes known when it plan. This is called “dying intestate,” which is a legal term for dying without an estate plan.

exactly how or when the impact of inflation might slow, it is important to factor it into your retirement plans That is why it is so crucial to look at your investment strategy and retirement income plan to see if Solid retirement planning makes all the difference when it comes to your purchasing power. By taking an active role in your estate plans, you will feel more empowered about retirement. plans.

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 plans. 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

Estate planning might seem like walking through a maze. A key part of estate planning is creating a will. planning requires meticulous attention to detail. Our experienced team has successfully guided countless individuals in Houston through the estate planning In the realm of estate planning, knowledge is power.