Houston residents who wish to ensure that their wealth passes to descendants or other individuals often establish trusts and create wills. However, they may be making one major estate planning mistake without realizing it: not changing their named beneficiaries....
Elder Law Attorneys Helping You Plan For The Future
Estate Planning
Heirs may prefer heirlooms to money
Seniors in Houston and around the country who are busy with their estate planning strategy may want to rethink the process. According to a poll taken by Allianz Life Insurance Co. of North America, 86 percent of baby boomers want to be left with a family legacy of...
Baby boomers may face long and expensive retirements
Texas residents who are part of the baby boom generation are starting to think more and more about their retirements. Advances in medical care mean that people today often live for 20 or 30 years after a regular paycheck becomes a thing of the past, and analyzing...
Retirement and estate planning basics
Most people in Texas don't like to think about growing older and the end of life, but as the responsibility for funding retirement shifts to the individual it has become more important. Pensions are becoming increasingly rare as companies and the government move away...
Domicile planning becoming key element of estate planning
State laws vary as far as inheritance and estate taxes are concerned. Some states have neither; however, many have either one or both. Although Texas residents are currently spared estate and inheritance taxes, that may change within their lifetime. Many Americans are...
Mistakes to avoid in estate planning
Death is as certain as taxes. Individuals from Texas would all benefit from estate planning, but they should be careful to avoid these mistakes. One of the biggest mistakes that a person can make is for him or her to believe that he or she is too young to need an...
Wills and estate planning
Estate planning is important for people in Texas and elsewhere as a way of providing for the protection and eventual disposition of their assets. One of the simplest estate planning tools is a will. A few basic facts about wills can help one understand their need and...
Estate planning and pets
Pets are often loved and cared for like family members but are often left out of the planning process when older adults in Texas and elsewhere decide who will inherit their assets upon their death. These animals are too often left to fend for themselves if there is no...
Where to store estate planning documents
Texas residents who have established estate planning documents such as a will, trusts or power of attorney should be sure that these documents are easy to find and accessible. Even if someone has a complete set of estate planning documents, it will do their friends...
Estate planning is essential for everyone, not just the rich
For many people in Texas and around the nation, the term "estate planning" conjures up visions of stately mansions and luxurious lifestyles. However, even though most people don't think of their property and possessions as being a part of their estate, they still need...