End-of-life care, also known as palliative care, can improve the quality of life for individuals with serious or chronic illnesses and health conditions. It can be challenging to navigate treatment options for people with serious illnesses, and estate planning can...
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Estate Planning
Understanding different guardian types can be beneficial
Ensuring that your minor child or a disabled adult currently living with you has a guardian to look after them if you pass away is essential. You can also choose a guardian to look after a pet after you perish. Knowing the difference between the types of guardians in...
Begin planning now for possible estate tax increase
Individuals and couples in Texas with large estates may want to think about ways to maximize their wealth while minimizing any estate taxes paid after their passing. The current federal estate tax exemption is set to expire in 2026, and few experts expect tax rates to...
3 common estate planning myths
Every estate plan in Texas is different because estate plans are as unique as a family and its assets. However, there are some common estate planning misunderstandings that seem to pop up more frequently than others. Here are some estate planning myths that a lot of...
When do you need to review your estate plan?
Creating an estate plan in Texas, or around the country, can be an effective way to retain control of your assets during your lifetime and after your death. It can also be an effective way to ensure that your children are cared for in the event that you pass before...
Estate plan documents everyone in Texas should have
Regardless of your income level, it's important to have some sort of estate plan in place. This will give you a greater level of control over who gets your property if you're incapacitated or after you pass. It will also give you a greater amount of control over who...
Why you need an ILIT trust
An irrevocable life insurance trust, also known as an ILIT, is a trust that can't be changed or rescinded once it is created. These trusts are created with a life insurance policy and the policy serves as an asset that the trust owns. If you live in Texas and are in...
Establishing a trust based on your personal needs
A trust serves as the key that makes it easier for your beneficiaries to receive assets after your death. Certain types of trusts also ensure that you have ability to make changes. Establishing your trust through an individual or organization ensures that you can...
Every adult should consider creating an estate plan
There is a common misconception that estate planning is only worth doing if you are wealthy. However, the truth is that anyone who owns property in Texas should have a will or trust. Furthermore, it may be in your best interest to appoint a financial agent who can...
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