Search Results

Estate planning is important – you probably already know this much to be true. Nobody likes to think about their own mortality, and it is hard to feel motivated to put plans in place 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 This is called “dying intestate,” which is a legal term for dying without an estate plan.

Estate planning might seem like walking through a maze. A key part of estate planning is creating a will. Our experienced team has successfully guided countless individuals in Houston through the estate planning and long-term care planning, our team is adept at tailoring solutions that cater to your unique needs In the realm of estate planning, knowledge is power.

If grandma just wants to help the grandchildren with their education, she could set up a 529 plan for each child and contribute $50,000 to each account. 529 plans are tax-deferred accounts that are used Nonetheless, there’s a special rule for contributing to a 529 plan. If the parent is the custodian, the plan will most likely be deemed an asset of the parent, and this Planning for financial aid can be tough because each school has its own set of rules.

Estate plans can help ensure your wishes are respected should you become incapacitated or pass away. Regardless of whether you have existing estate plans in place or if you are starting from scratch, take Take a moment to make sure your plans reflect the relationships that mean the most to you now. Meet with an Estate Planning Attorney It can be scary to plan for the future when you are not sure what team at Your Legacy Legal Care has the knowledge to help you understand your options and ensure your plans

The lives of the rich and famous may not seem very relatable, but we can learn valuable lessons about planning In this blog, we’ll take a look at the biggest estate planning stories of the year so far and what we 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. If you’re ready to begin planning for your loved ones, call Your Legacy Legal Care at (281) 885-8826

Estate Planning for Adopted, Biological Children In most estate planning situations, adopted children estate plan accordingly. Additionally, if no estate plan is done, or you have your estate plan leave everything you own to your , birth, or adoption – it is important to update your estate plan. Recalibrating plans with an estate planning attorney can help ensure every member of the family is factored

We pay bills, socialize, work, and play virtually. Taking Inventory If you are eager to make plans for your digital assets, spend time taking an inventory Once you have assembled your list, schedule a meeting with an estate planning attorney at Your Legacy We can answer questions you have about your options for virtual asset planning and protection. digital assets, call (281) 218-0880 or click here to schedule an appointment with our experienced estate planning

Traditional IRAs, which have been around longer, see retirees rolling assets from their 401(k) plans Typically, you receive an immediate tax deduction, and the money grows tax-deferred; however, distributions A Roth conversion is also a great estate planning tool. Speak with a qualified estate planning attorney about how a Roth IRA can fit into your estate strategy Reference: Money (August 8, 2016) “Why Older Americans Should Get Hip to the Roth IRA” #401kEstatePlanning

Getting clarification on these laws will help bring serious peace of mind, even if you do not plan to If you move south but still plan to list a friend based in New York as your executor, Florida probate Adding a new property to your estate plans helps keep it out of probate at the time of your death. Not sure how to begin adjusting your estate plans after a move? A meeting with a trusted estate planning attorney at Your Legacy Legal Care can clarify your options.

Also up in the air is the optional deduction of state and local sales taxes in place of state and local The article, “Time for seasonal planning for taxes, charities, more,” notes that one of the extenders Otherwise, taxpayers generally would be better off deferring taxable income to next year, if they can gifts to a caretaker, routine bills not being paid, and changes to the person’s will or other estate-planning Reference:  Arizona Republic (October 23, 2015) “Time for seasonal planning for taxes, charities, more

As you make plans for the future, it is crucial to factor uncertainty into the equation. Planning During Times of Crisis Even in the wake of a disaster, it is important to make plans for the In fact, events like a pandemic highlight the need for advanced estate planning. This is the essence of estate planning, after all: when you cannot stop the worst-case scenario from To find out how advanced estate planning will help protect you and your family, call us at (281) 885-

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.