Most people understand that it is important to have an estate plan in place from a young age. In fact, most financial planners recommend that every newly minted adult creates a basic estate plan. At the very least, it is crucial to have an estate plan in place once you…
Individuals often ask Houston estate planning attorneys about some of the worst mistakes that can occur during—or after—the estate planning process. One of these fatal errors is when estate plans are not updated as the person’s situation in life changes. An estate plan—detailing who the person would like to receive…
Information in this article is current as of the date of publication. The policies, regulations, and laws within are subject to change with the IRS, state, or federal legislature. There’s no denying it: It appears that cryptocurrency is here to stay. Once confined to hidden corners of the internet, cryptocurrency…
The time after the loss of a loved one is emotional and stressful. Families are grieving the loss while also dealing with funeral arrangements and estate plans. While careful trust and estate planning can mitigate many common disputes that occur, there are still some pitfalls that cause families to fight…
We want to believe that, should we ever become incapacitated, the people we trust to protect us will behave honorably. A recent California court decision shows that, unfortunately, this is not always the case. Houston residents young and old should heed the court’s warning in this case, which it described…
“Do I need a will if I don’t have children?” The answer to this frequently Googled question might surprise you. Indeed, married couples who do not have any children often think that there is no good reason to have a will in place. They mistakenly assume that a will is…
There is no denying that the COVID-19 pandemic has sent shockwaves through the Houston economy and beyond. Indeed, only time will tell the impact of the virus on countless markets. With this in mind, the importance of estate planning early on has never been as clear. 3 Major Advantages for…
Planning your estate and the management of your assets after you pass away can be an uncomfortable and overwhelming process, however, it does not need to be as complicated as you may expect. Once an effective estate plan is in order, you and your family members can rest easy knowing…
Probate is the process by which the courts oversee the distribution of people’s assets after their death. For loved ones, probate can be an extremely difficult experience involving countless administrative requirements, and it is often rife with family conflict. There are many steps that people can take, however, to help…
Estate planning has evolved greatly over the past century, and it continues to change with each passing year. For example, estate planning attorneys must regularly adapt client plans to changes in tax laws. Keeping up with changes to the legal field and their implications for estate planning is a task…