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Creating a thorough estate plan is integral to passing on your legacy. You have spent a lifetime surrounded by loved ones, and your estate plan allows you to offer support and peace of mind. Some aspects of estate planning are simple; you know how to distribute assets...
Parents are often the glue that holds families together even after the kids move out and start their own families. When the parents or loved ones die, leaving behind assets, that glue also dissolves. The family dynamic then shifts. It can occur over time or break...
If you are a careful person who likes to plan for the future and doesn’t like to take unnecessary risks, you have probably spent a lot of time thinking about what you want your estate plan to do once you are no longer around. It would be a shame, then, for a judge to...
Looking after your children is one of the most important and challenging jobs for many parents. Perhaps even more so when the parents remarry, bringing children from previous marriages into the family unit. The parents may lean towards trying to share the estate...
Parents often go to great lengths to make sure they treat their children equally. So, it is no surprise that parents who own a business will often divide ownership equally among the children. While they appreciate the sentiment, some business experts believe passing a...
Part of starting your business is creating a legacy for your loved ones. In addition to providing for them during your life, you may hope your business will continue supporting your family after you are gone. There is a lot to consider as you decide how you want your...
Many people view their pets as members of the family who deserve a lifetime of love and care. If you do, you will want to take your pet’s welfare into account as you create your estate plan. There are two situations you should address: death and incapacity. You need...
“Love your children equally, but treat them uniquely.” Many Texas parents live by this creed for raising their kids, but it also rings true when creating an estate plan for distributing inheritance. Passing along wealth to children can be a complicated task depending...
Yes, as long as you’re not doing it to commit a fraud on those creditors. In periods of economic turmoil, we often see an increase in litigation by people and entities that are trying to regain some ground or who have the right to claw back ill-gotten gains. There are...