Estate Planning for Houston Families without the Stress

MP900400665Wouldn’t knowing someone will step in if you become incapacitated create a little peace of mind? Wouldn’t knowing that your family is taken care of create even more peace of mind? Wouldn’t knowing there is a plan in place – a plan you developed – if something happens to you take a significant weight off your shoulders?

Estate planning can do a lot of things for you, but one of the most valuable takeaways is peace of mind.

A recent Forbes article, titled 11 Fundamental Elements of a Stress-Free Estate Plan, provides practical advice on how to design a plan that protects your assets and provides for loved ones. While everyone’s individual needs are a bit different, there are some basic components you need to examine along with deciding who gets what.

Here are some key points to consider from the original article:

  • Determine who you want managing your affairs if you become disabled, incapacitated, or pass away;
  • Plan in the event you have to live in a nursing home or receive significant long-term healthcare, as well as the effect of Medicaid on your financial needs;
  • Protect the assets inherited by your heirs from litigation and divorce;
  • Provide for the care of children and grandchildren who may be too young or inexperienced to effectively manage money;
  • Provide for children or grandchildren with special needs or in special circumstances;
  • Prevent challenges to your estate plan; and
  • Plan a family estate plan for blended families that ensures everyone is provided for according to your wishes.

Start your planning now. Read more about these basics to be covered today … because estate plans are as much about today as they are about the future.

For additiona information about estate planning and elder law topics in Houston, please click here to visit my website.

Reference: Forbes (December 9, 2014) 11 Fundamental Elements of a Stress-Free Estate Plan


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