Blog

Estate planning isn't just for rich or older individuals. Even young, asset-poor 20-somethings should start thinking about how their property will be distributed in the event of a tragedy. Drawing up an estate plan is not as much an action you need to take for yourself but one you should take for your loved ones.

A lot of people come to me with questions regarding what a will is, because it is so important for passing your legacy on to the next generation.

It is a common misconception that prenuptial agreements are only for the rich and famous. The truth is, a prenup can benefit couples in a number of situations, even for us common folk.

A sole proprietorship is a business operated by one individual (or a couple). The business is considered an extension of the individual (or couple), not a separate entity. The business profits and losses are included on the individual's personal tax return, and the individual retains personal liability for the business debts and lawsuits.

Estate planning is even more important for LGBT+ individuals, yet it is often overlooked until it is too late. In reflection of Pride Month, let’s discuss the necessity of estate planning for LGBT+ individuals and couples.

Setting up a living trust is the best way to ensure your assets are passed onto the right people if you pass away. So how do you start the process? In this article, we will walk through the various steps you will need to take to set up a living trust with the assistance of an estate planning attorney.

Trusts are an excellent tool to provide for the future needs of yourself or your loved ones. A trust can be especially beneficial if you have children with special needs, including minor children and adult children with disabilities. You can also create a trust for yourself if you need to apply for Medicaid and your assets exceed the limits to qualify.

One of the first questions the family of a loved one that has passed will ask is, 'What will it cost to settle the estate in Texas?'

If your loved one died without a Will, transferring his or her assets to beneficiaries can be quite difficult. If no action is taken, assets will not be properly transferred and the beneficiaries will have to take some legal action down the road to straighten out the situation. In some cases, a costly determination of heirship proceeding and dependent administration of the estate may be required.

A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.