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Are There Any Alternatives to Choosing a Guardian? If you are named guardian of the estate, you will have to be bonded. Additionally, you also need to have good credit to be the guardian of the estate. The lower your credit score, the less probability you will have to become guardian of the estate. If you are the guardian of the estate, you have to file an annual accounting.

However, that parent is not the natural guardian of the child’s estate. If a child inherits money because he or she lost a parent, then a guardian of the child’s estate must Does The Child Need a Guardian and a Conservator? of the estate of the child. What are the Responsibilities of a Guardian in Texas?

In addition, there are some important “first time” decisions to be made, like naming a guardian. Once decided, the name(s) should be included in estate planning documents. Consider the age of the guardians when your children go off to college. You can change the guardian whenever you want by revising your will. If you don’t choose a guardian and circumstance arises, a court will name a guardian for your minor children

However, if this is unlikely, the next best thing to do is name guardians anyway so that your wishes

may be many folks who’ve continued to rely upon their outdated, pre-2013 estate plans. As a result, those assets would pass without estate tax to his or her heirs. For many, a credit shelter trust isn’t necessary for estate tax purposes. #AssetProtection #EstatePlanReview #EstateTax #DisclaimingAssets #IncomeTax #CreditShelterTrust #TaxPlanning #estateplanning

There are often misconceptions about estate planning that you should know when preparing your documents Estate planning serves to provide your family and loved ones with protection upon your passing, regardless How Does Dementia Affect Estate Planning? The estate then goes into probate. Speak With an Attorney About Options for Estate Planning There are many myths about estate planning out

The Lone Star State presents a number of unique challenges when it comes to estate planning. This makes them an invaluable tool for estate planners. Kids play a role, too; spouses and children usually split the estate evenly. thorough estate plans. #Intestacy #estateplanninglaw #CommunityProperty #texas #dynastytrust

What is Estate Planning? Estate planning can help you: Protect your children — Estate planning allows you to appoint guardians Steps to Take When Estate Planning for Young Families Now that you understand why estate planning is It also allows you to appoint guardians for your children and name an executor to manage your estate. Appoint guardians . Guardianship for your children is a crucial step in estate planning.

There are many misconceptions about estate planning and implementing any of them into your estate plan The following are some common myths that people have about estate planning: Estate Planning Myth 1: “ My Estate Isn’t Big Enough to Need Planning” Depending on how small your estate is, it is true that you Your estate plan will also allow you to name a guardian for your minor children, should the unexpected Estate Planning Myth 2: “I’m Too Young for an Estate Plan” No one likes to think about death, but it

Sound Estate Plan,” sets out an estate planning checklist to help you start a solid estate plan. You’ll be able to name the people you want to receive your assets, as well as designate a guardian for An estate plan isn’t something you do once and never look at again. Be sure to work with a qualified estate planning attorney to make sure that the estate plan will foster Sound Estate Plan” #Guardianship #EstatePlanningLawyer #Pets #Probate #DigitalAssets #Inheritance #LivingWill

Prepare Your Estate Planning. Marriage also typically gives you some basic protections for a shared estate. However, unmarried couples serious enough to move in together should consult an estate attorney to draft Also, if you have significant net worth which would make you liable for federal estate tax, you should 28, 2016) “Don’t Shack Up Until You Do These 3 Things” #HealthCarePowerofAttorney #AssetProtection #EstatePlanningLawyer

Most Houston estate planning attorneys will tell you that the work they do often has the biggest effect Here are some things that this Houston estate planning attorney recommend women keep in mind: Estate Estate Planning Tips for Women #2: You Have an Estate, So Protect It It is easy to forget that “estates Working with an estate planning attorney means that you can determine how that estate will be distributed #estateplanningforwomen #estateplanningHoustonTexas