Living Trust

What Should You Do After Death of a Spouse?

What Should You Do After Death of a Spouse?

Losing a spouse is one of the most difficult experiences you may encounter. In addition to the emotional pain and sorrow, legal and financial decisions must also be made. If you or someone you know is experiencing the loss of a spouse, please assure them that they should first take…

Importance of Coordination of Life Insurance and Estate Planning

Importance of Coordination of Life Insurance and Estate Planning

With every client we discuss the important of Life Insurance as well as its non-probate character, in other words, as long as a beneficiary is named other than the estate, the policy will pay out directly to that beneficiary, rather than passing according to will (and waiting for the Court’s…

Will I Automatically Inherit my Husband’s House?

Will I Automatically Inherit my Husband’s House?

  Many married clients assume that the surviving spouse will automatically inherit the real estate of their deceased spouse. Without a Will however, the Texas Intestate Succession rules govern. For example, in the case of a married couple with children from their marriage only, the surviving spouse will inherit the…

The Season for Giving: Donate Appreciated Assets to boost your Charitable Impact

The Season for Giving: Donate Appreciated Assets to boost your Charitable Impact

Many clients donate to charities in the spirit of holiday giving. Not all gifts have the same impact, however. Did you know that donating appreciated assets can have a bigger financial impact on the charitable organization than a gift of the cash proceeds from that same asset? Donating the appreciated…

Take the Stress out of Estate Planning

Take the Stress out of Estate Planning

For many clients, thinking about estate planning is about as enjoyable as scheduling a root canal. Thinking about death and making decisions in the event of later incapacity is difficult, stressful and often a process that many put off.  On the other hand, making a decision to create an estate…

Fall is Time for Estate Planning

Fall is Time for Estate Planning

Our long, hot summer is now over and while we look ahead to the holidays,  it is a good time to think about your future and, if you have children, their future. Do you have a Will? Does your Will reflect your current family situation? Have you already planned for the…

Trusts vs Wills, which do you need?

Trusts vs Wills, which do you need?

You may have heard that trusts are better than wills, or vice versa. Both estate planning tools are used to distribute assets and property, and each has its advantages and disadvantages. Some of the differences between Wills and Trusts are highlighted below: Privacy: Once filed with the county probate court, a Will becomes…