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Turning 30 is often a cause for reflection as a person closes the books on one decade of one's life and crosses the threshold into another. But for Prince William, who reached that milestone last week, attaining 30 years old meant something far greater. According to the terms of the trust set up for him and his brother by his mother, Princess Diana, he is now entitled to one-half of the trust principal.
World War II veteran awarded veterans' benefits for PTSD
Houston residents may associate post-traumatic stress disorder with the wars in Vietnam, Iraq and Afghanistan because of the well-publicized effects of those conflicts on those who served in them. But the combat conditions that produce it were no less present in prior wars even though PTSD and World War II are not immediately linked in many people's minds. In those days, the condition went by the name of battle fatigue or shell shock.
Probate dispute continues over disposition of Kinkade's estate
Some Houston followers of the world of contemporary art may have heard of Thomas Kinkade's death two months ago. The painter achieved renown for his popular and commercially successful depictions of whimsical country scenes. He opened businesses to reproduce his artwork, generating many millions of dollars during his life and leaving an estate valued at $66.3 million at the time of his death.
Many heirs fail to protect assets, end up losing inheritance
Houston estate plans should take into account who the intended beneficiaries of a person's wealth are. For example, potential heirs who are disabled to the extent that they lack the capacity to manage their own financial affairs can benefit from a special needs trust. That arrangement can help protect assets for their future use.
Long term care insurance: benefits and drawbacks
A number of older Texans living in the Houston area may have begun to think about how they will pay for medical care later in life. Anyone who has spent some time in a hospital or a care facility knows that treatment comes very dear. Because retirees have a relatively fixed pool of assets on which they can draw to cover medical bills, it is important to engage in care planning to decide how to defray the costs of treatment and procedures when they arise.
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