For some people, the term family meeting may not bring to mind a pleasant gathering where everyone shares fond memories and warm feelings. When someone says, “We need to talk,” it often implies that something is wrong or that tough decisions need to be made or discussed. However, in estate planning, future problems are exactly what family […]
Even if you are currently in good health, an unexpected illness or injury could leave you unable to make your own medical decisions. A document known in Texas as a medical power of attorney is a crucial component of your estate plan. This document allows you to designate a trusted individual (your agent) to make healthcare […]
Losing a loved one is challenging enough without added complications. One way you can take some of the pain out of administering your estate is by having a plan and some organization. One way that people have been getting organized is by preparing a death box, also called a death binder, next-of-kin box, or legacy folder. […]
Beyond the practical purpose of transferring assets and reducing taxes, an estate plan reflects love, responsibility, and values. That emotional heaviness may be part of why many families avoid the subject. With aging parents, estate planning can often feel like a pressing matter, but for many Americans, that is not the case. Pew Research reports that […]
Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to consider co-ownership of a home with someone other than a spouse, such as a friend, relative, or significant other. Although this arrangement can be beneficial on several levels, it should be approached with open communication, careful planning, and […]
Studies consistently find that only about 25–35 percent of Americans have an estate plan, a shockingly low rate when you consider that, in the absence of a plan, the state—not you or your family—decides what happens to your assets, including your business interests. The overall business succession planning rate is higher, with about two-thirds of business owners […]
Happy Pride Month everyone! Last year this blog sought to provide helpful information for members of the transgender and gender non-conforming members of the LGBT+ community change their legal names and pronouns. Since last year’s post there have been some updates to the ongoing legal battle over gender affirming care for minors in Texas. The constitutionality […]
Estate planning is important for everyone. It is about protecting yourself, your loved ones, and your hard-earned money (even if you do not have a lot of it). However, the numbers do not lie: most people do not see the importance of estate planning. Whether you need to create an estate plan or update an existing […]
