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reviewed) your estate plan.  of your executor or trustee A name change of someone in your estate plan A significant change in financial A comprehensive estate plan may also include a revocable living trust . A living trust allows someone to take ownership of your assets while you are still alive and distributes With this type of trust, you would still be able to manage your assets while living.

So, in the case where the couple created an estate plan while both were living, once the husband passes She needs to make sure that her estate is able to support her as costs continue to rise, as well as to She may even need assistance to understand the estate and how to handle the finances.  An estate planning attorney may also advise younger mothers to consider setting up a trust for their have a significant other in your life, it makes sense for the two of you to work together with the estate

A trustee is the person who will manage the assets that are in your trust. regarding assets in your trust. best interest of the trust beneficiaries. It is critical that a trustee follows the terms of the trust documents and the trust creator’s instructions #TrustAdministration #trustplanning #Trusts

These laws frequently impose taxes on much smaller estates. Its state estate tax exemption only goes up to $675,000. Also note that many states offer deductions against estate taxes that in some cases can prevent an estate Talk with a qualified estate planning attorney about a sound estate planning strategy to help you reduce or eliminate potential “state” estate tax liability.

Permanent or whole life insurance is typically more expensive than term and should be used for estate Reference : US News (April 11, 2016) “Pros and Cons of Whole Life Insurance” #estateplanning #LifeInsurance

Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing change can warrant an update to your existing estate documents. Knowing that there are special charitable trusts you can set up to payout to your favorite cause while planning attorney so you rest assured that the correct kind of charitable trust is set up for you, your Help for Maintaining Your Estate Plans Life changes fast, and often unexpectedly.

Are you familiar with estate planning? Let’s discuss seven things you didn’t know you could include in your estate plan, and how a Houston estate A Pet Trust You can include a provision in your estate plan to establish a pet trust if you have pets A Unique Trust A trust is a legal document that can help you manage your assets during your lifetime There are several types of trusts, each with unique benefits.

Too often, though, banks inadvertently throw the most carefully laid estate plans out of alignment. That’s because transfer-on-death accounts pass outside of traditional estate planning. For instance, a trust cannot be listed as a beneficiary unless it has a current tax ID number. You won’t have such a number if your trust exists within a will. can help you with your family’s estate plans and probate needs.

As a Houston Estate Attorney, I want to be clear that if you are an agent under POA, it is important agent under a POA for someone, be sure to periodically review the document with an experienced Houston estate

Estate planning might seem like walking through a maze. A key part of estate planning is creating a will. Choose Your Legacy Legal Care for Help Drafting Your Will At Your Legacy Legal Care, we understand that estate Our experienced team has successfully guided countless individuals in Houston through the estate planning In the realm of estate planning, knowledge is power.

Talk with an experienced estate planning attorney for accurate and comprehensive information, and so risk, and the bad outcomes that may come with it. #6: Have proper planning documents for you and your estate If you own property, a living trust may help ensure that your assets are properly distributed when you An estate-planning attorney can help you with all of these issues. #7 Understand where you need help

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. If the estate plan is contentious, this situation could be difficult. Diligence The importance of due diligence in estate planning cannot be overstated.