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Articles Posted in Estate Plan

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Community Property Agreements for Second Marriages in Dallas

Blended families carry both joy and complexity. You want to care for your new spouse and still honor promises to children from a prior marriage. Texas community-property rules add unique opportunities—and risks. A customized agreement brings clarity now and prevents conflict later. Start by Labeling What Belongs Where Property you…

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Estate Planning for Young Professionals: What You Need to Know

Estate planning is an essential part of any adult’s financial future. A common misconception, however, is that estate planning is only for older individuals. In reality, it is a process that all adults, no matter their age, should consider. At McCulloch & Miller, we speak to many young professionals that…

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Texas Estate Planning for Eco-Friendly Property

Eco-friendly homes are those that are built using environmentally conscious materials and appliances. In recent years, eco-friendly building in Texas has shifted from one-off construction to budding communities of sleek, sustainable housing. Eco-friendly property owners all have one thing in common: Each of them has taken the initiative to plan…

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Houston Estate Planning Considerations for Adoptive Parents

Houston families with adopted children have to keep certain concerns in mind while estate planning. If a child is not formally and legally adopted, that child generally will not receive the same treatment in the event of a parent’s death. Inheritance and property will not usually pass on to that…

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Fixing an Estate Plan Mistake

Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability. When an…

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Dad’s Will and Trust at Odds?

A will and a trust are separate legal documents that typically share a common goal of facilitating a unified estate plan. While these two items ideally work in tandem, since they are separate documents, they sometimes run in conflict with one another–either accidentally or intentionally. A revocable trust, commonly called…

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