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But, if you are ready to move forward, here is what you should know about disinheriting an heir or a loved Again, if you have a solid will in place, your estate will most likely prevail. property state, your spouse will still be entitled to a share of the combined marital property and to live If you would like to learn more about this, call our office at (281) 885-8826 and make an appointment #AssetProtection #Inheritance #Wills

Setting yourself up for retirement or to simply live the lifestyle you want takes some effort, which Three to six months’ worth of living expenses set aside will make all the difference if you suddenly The emergency fund will keep you from living off of credit and starting that downward spiral. 2. Homeowner’s insurance – Homeowner’s insurance can seem like an unnecessary expense, but if something Allowing it to get out of hand, however, can have a disastrous impact on your financial life.

Sumner’s decisions about the future of Viacom and CBS—where he is chairman emeritus—are now back in line article reports that Redstone intended to leave Manuela Herzer and Sydney Holland—his two longtime, live-in If Shari tried to interfere with that plan, Redstone planned on giving the family cemetery plots to the two ladies—effectively settling their right to be with him not just for life but for eternity. #AssetProtection #WillChanges #ProbateCourt #Inheritance #Wills #estateplanning

Baby Boomers need to adjust how they think, especially about the thought of slacker Millennials living When it comes to managing their financial lives, those in the generation born between 1982 and 2000—about

Revocable Trusts Also known as a revocable living trust, this trust lets you manage your trust during Depending on where you live, probate can be lengthy and expensive. your spouse can keep his or her rights to the assets contained in the trust for the rest of his or her life You can transfer your property by deed into the trust while retaining the right to live there for a certain But if you die while living in your home, it’ll count as part of your estate and be taxed according to

However, with longer life spans and more accumulated wealth among the aging, impatient family members Dementia is a concern in many of these cases, with 5.3 million Americans—most over 65—living with Alzheimer In Redstone’s case, like many others, the situation is even more complicated because the judge has to While the elderly may not always be able to fend off legal challenges like Redstone tried to do, they Spotlights Rise in Competency Litigation” #AssetProtection #Incapacity #ProbateCourt #Inheritance #Dementia #Wills

could quickly become cracked and scrambled if you require a stay in a nursing home or need assisted living While it is true that most people living in long term care facilities are older, planning for long-term Just one accident could place you in long-term care facility for the reminder of your life. Unfortunately, we have seen families forced into debt and even bankruptcy to meet the needs of their loved If you have any questions about a long-term care plan or would like to discuss the documents that you

Unsafe living conditions or self-neglect – hoarding, lack of utilities, an unsanitary home, or improper self-harm, lack of food or water, or living conditions that endanger safety. Prioritizing least restrictive care – consider assisted living instead of nursing homes or allow financial Respecting the rights of the incapacitated person – make the best choices for medical care, living situation have an opportunity to improve lives during incapacitation.

In this article, we will explore the four most common types of trusts in estate planning: revocable living Revocable Living Trusts What if we told you there is a way to protect assets while maintaining control One of the benefits of a revocable living trust is that it allows you to avoid probate, which can be the trust is revocable, you can make changes or even revoke the entire trust at any time during your life For example, while revocable living trusts are taxed similarly to personal income taxes, irrevocable

You’ll have to pay premiums for Medicare coverage and co-pays on covered services, and some services, like This type of policy can help pay for home health aides or care in an assisted-living facility or nursing If you don’t need the money to live on, reinvest the money in a taxable account. Life expectancies are increasing, and chances are at least one spouse, if not both, will live well into Self-employed individuals have a few other options, like setting up a solo 401(k).

Strategies include planning methods such as using a revocable living trust rather than a will. protect your second spouse’s inheritance because it’s much harder for an unhappy step-kid to break a living In addition, it’s more effective to disinherit an estranged child using a living trust. A living trust can also be better than a will because its assets will flow privately to the surviving Whether you use a living trust or a will to distribute your assets after your passing, you can also add

be too late to put a plan in place that would help them as they go through the difficult stages of life Without a plan in place, the family’s life can hit a tailspin when the elderly parent is diagnosed with caregivers which can wreak havoc on their own family and the elderly person can be facing sudden changes in living Planning now means they get to pick their living arrangements, the type of medical care they would like Give us a call today at (281) 885-8826. #ElderLaw #HoustonElderLawAttorney