Wright Abshire, Attorneys, A Professional Corporation
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The Woodlands: 936-273-2773
Fayette County: 979-278-4095

August 2013 Archives

How to simplify estate planning

Estate planning appeared simpler in the past because it consisted of individuals getting their affairs in order, including making sure that their families and finances were taken care of. Baby boomers appear to have a different plan: they want to make a difference in the world after their deaths by leaving a legacy. However, federal tax rates and expiring exemptions have proven to be quite a challenge for many Texas residents, and planners are recommending that people start thinking of estate planning prior to retirement.

Considerations before becoming the executor of someone's estate

Being named as the executor of an estate is considered an honor by some Texas residents. However, with the title of executor comes various responsibilities as well. Therefore, a person might find out that they don't really want to be saddled with the responsibility of settling someone's affairs after they've passed on. If estate affairs aren't handled properly, the executor of the estate could end up being sued by beneficiaries and creditors.

VA reverses decision and awards disability to veteran

Veterans in Texas might be interested to hear about an unprecedented decision that the VA made regarding one retired veteran's compensation. A retired veteran who served on the U.S. 123K aircrafts received Agent Orange disability compensation, which is significant for other veterans who served on the aircrafts. Granted, other veterans have gained Agent Orange compensation, but not without having to appeal denials to the Board of Veterans' Appeals. The VA had initially denied this man's claim, but then reversed its decision.

Choosing the right type of will is a key issue in estate planning

Making a will is a significant step for individuals or couples who want to ensure the well-being of their loved ones in the future. However, it is not a simple process. People creating a will must choose from a variety of types of wills after deciding which kind of will may best suit their needs. Selecting the proper type of will is an important issue for people in Texas and throughout the nation who are concerned about planning their family's financial picture.

New bill for veterans clears Senate committee

Veterans in Texas may be interested to learn that the Senate Veterans' Affairs Committee passed a bill on July 24 providing for major changes in several areas pertaining to VA benefits. The changes will affect disability claims by sexual assault victims, G.I. Bill tuition payments for veterans attending schools in non-domiciliary states, and health and employment programs.

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Contact Our Texas Elder Law Attorneys Today We have 3 locations to better serve you. Contact our office closest to you.

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4949 Bissonnet Street
Bellaire, TX 77401

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The Woodlands, TX 77384

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