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As a Houston will and trust lawyer, I can confidently say that estate plans are not one-size-fits-all Other times, we have seen clients with one financially established child that does not need a large inheritance unequal inheritance is NOT to be confused with cases where parents unintentionally leave more money to one For example, if you have only one of your children named as a beneficiary of your life insurance or retirement

point, you are able to reflect on any changes that have taken place in your life or that of your loved one For example, perhaps there is a new medical treatment that has become available for your loved one. Life circumstances change, and someone who was named as a trustee at one point may no longer be the right Are you still able to act as your loved one’s advocate?

About two thirds of 18- to 29-year-olds don’t have even one credit card, research from Bankrate.com showed Compare that with about one-third of those who are age 30 or older. In other words, is your credit card balance going up every month, or do you use one card to pay off another

captured the attention of Houston and has shed light on the intricacies and potential legal pitfalls of one how individuals can proactively navigate these complexities to prevent legal turmoil for their loved ones guardianship matters consist of and educate you about what you can do to prevent you and your loved ones If you find yourself or your loved one in need of guardianship, an experienced guardianship attorney experienced estate planning attorney can help provide peace of mind knowing that you and your loved ones

One of the most critical aspects of this planning is creating a will. How to Protect Your Assets and Ensure Your Loved Ones Are Taken Care of If you don’t have a will in Texas To ensure that your loved ones are taken care of properly after your passing, it is important to make tax implications, you can minimize the risk of disputes over your assets and provide for your loved ones A good lawyer will help you navigate the complex legal system and ensure your loved one’s assets are

Children and grandchildren alike often find themselves embroiled in battle over their deceased loved ones That is why it is so important to discuss your estate plans with your loved ones as you make them. While such conversations can be uncomfortable, your loved ones deserve your reasons rather than make that will make your wishes clear and take some of the responsibilities off the shoulders of your loved ones

Divorce and remarriage can create families where some of the kids have one but not both parents in common One solution is to consider a larger portion of the estate for their future care. One solution is making them the beneficiary of a life insurance policy, payable to the heirs who have To preserve harmony in the family, no one but the beneficiary of that policy needs to know, and if wishes

Stop me if you have heard this one before. One day she was in a terrible car accident, and she passed away. The next day was pay day. One of the longest serving employees exclaims, “Have some respect for the dead!” much more complicated than regular estate planning because you are essentially crafting two plans — one for yourself, and one for your business.

One question that frequently arises is whether a power of attorney can assign another power of attorney Understanding the intricacies of how to transfer power of attorney, the possibility of having more than one Can You Have More Than One Power of Attorney? Yes, a principal can appoint more than one agent in a power of attorney arrangement. When changes are needed, the principal must revoke the existing POA and create a new one.

When employed correctly, an advance directive can ease stress for your loved ones and ensure you get keep these all-too-common advanced directive mistakes in mind: Mistake #1: Forgetting to Sign the Form One No one can sign on their behalf. or other healthcare worker to oversee the signing of such documents – especially if you or a loved one If you or a loved one are expecting a lengthy stay in the hospital or in a nursing home and need help

Ideally, we would like to help loved ones on both ends of the continuum of life: the younger generation with expenses related to college, home buying, and starting their families; and the elder generation But when it comes to balancing the needs of your family, you do not want one side’s needs to erase the Irrevocable Trust Shifting a loved one’s assets from “countable” to “non-countable” assets is best done But the trust also helps enable you or your loved one become eligible for Medicaid.

That is why so many people opt to name a loved one as their agent in their power of attorney. always difficult to think of your own mortality or demise, considering how – or whether – your loved ones the end of your life should not be put off and is an important part of protecting you and your loved ones Having an estate plan in place will allow you to enjoy life, knowing your loved ones and assets will click here to schedule your strategy session with an experienced member of our estate planning and elder