If you become incapacitated, you may need someone to make financial, legal or medical decisions for you. In this case, you need a power of attorney, which is a legal document that gives your chosen person the right to make decisions for you. However, these individuals...
Estate Planning
Choosing guardians for your children
As a parent, one of the most important elements in your estate plan is your child’s guardianship appointment. The guardian that you choose could play a critical role in your child’s upbringing. Many parents do not understand the factors that should contribute to that...
Are your 20s too early to have a will?
There is a misconception when it comes to estate planning that writing a will is only worthwhile if you are wealthy. This myth also leads people to believe that there is little point in having a will if you are young and just getting your financial start. The reality...
Questions to ask when drafting a will
The existence of a will assures the execution of your wishes after you pass. Without one, your estate will go into probate, which can be expensive and take a long time. When drafting a will with a competent individual, elementary questions will arise. Regardless,...
How to make sure your estate plan achieves what you want
Your estate plan determines what happens to your assets after your death. You want to designate particular property to specific family members or other loved ones. To implement your estate plan, you need legal documents that specify your desires and control the...
4 common misconceptions about wills
There are many misconceptions about wills and the estate planning process, but the biggest is that not everyone needs to create one. This is an umbrella misconception because many others fall under this category. Here are some more specific, but still common,...
Items that you shouldn’t leave out of a will
A will can be an effective tool for those who are looking to exert greater control over what happens to their Texas estate after they pass. A will can also be used to appoint a guardian for a child. However, if this document is not structured properly, it may be...
What might parents consider when performing estate planning?
New parents may find themselves overwhelmed with both joy and responsibilities. Taking good care of the young ones may involve estate planning. As much as parents might not want to think about their passing, doing so allows for making arrangements to care for their...
Accounting for digital assets in your estate plan
As society continues to evolve into various digital spaces, more people are curating digital collections to compliment their physical ones. Unfortunately, since they are not tangible assets, they are often overlooked when individuals sit down to draft a comprehensive...
Full estate planning goes beyond writing a will
Many Americans often put off estate planning – sometimes for decades and decades. According to a 2019 study, nearly half of Americans over the age of 55 don’t have a will. And of seniors with a will, only 18% have a full estate plan: a will, a health care directive...