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It can be hard to understand all the documents that are often now recommended as part of an estate plan. Once upon a time, most people had nothing more than a traditional will. Now estate planners recommend revocable trusts, powers of attorney, living wills, pour-over wills, and other documents in […]
Category: Estate Planning
In the classic Disney movie The Aristocats, a wealthy woman puts her cats in danger when she informs her attorney that she plans to leave her vast fortune to her feline family. Her butler overhears the conversation and decides to claim the inheritance for himself by catnapping the furry heirs […]
People often think about Texas community property laws in connection with divorce but don’t consider how these laws affect probate. Community property laws can have a profound impact on what happens to your property when you or your spouse pass away. If you don’t have an up-to-date estate planning strategy, […]
The costs associated with all types of long-term care are rising at a painful rate. Even if you plan to age in place, you should have a plan for covering expenses such as the cost of in-home caregivers. The government can provide some resources to help pay for these costs, […]
Consumer debt in the U.S. currently stands at over $4.6 trillion according to the Federal Reserve. Even families in good financial standing hold considerable debts in their financial portfolios. So what happens to it when the debt holder dies? Does the debt go away? Does a family member have to […]