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There are many similar benefits to using wills and trusts. Although the roles of executors and trustees are similar, there are a few differences that affect how the plans are carried out. Understanding the main differences is how people select the right type of estate...
One of the most pressing concerns for many people who are divorcing or have divorced in Texas is how they will be able to support themselves after retirement. Divorce can throw a wrench into the best-laid plans, but there are options available to ease the possible...
Divorce is always a viable way to end a marriage, but it's important to consider how it can affect finances and assets. A medical practice is often a huge asset and can become involved in a divorce if the owner and their spouse are married. Fortunately, there are ways...
If you have a loved that may need government assistance for disability, it is important to understand how that help may affect your estate plans in Texas if you intend for them to inherit some of your assets. SSDI and SSI have different eligibility requirements and,...
A myth about estate planning suggests that only older people - particularly those worried about their mortality - engage in estate planning. Such a notion is incorrect as many young, healthy Texas residents participate in estate planning. Only some understand why it...
Child support payments are essential to help custodial parents in Texas continue to provide for their children's needs after divorce or separation. But, they are not permanent. If you are currently making child support payments or scheduled to make them in the future,...
Many Texas residents understand that getting a divorce is expensive. If you and your spouse are ending your marriage, it’s not only the process itself that can be costly. You should know how divorce can affect your finances as you move on as a single person. Financial...
Texas couples going through a divorce might find themselves wondering what changed. Even the most loving and happy marriages can fall apart, seemingly without reason. Sometimes the cause of even the best marriages falling apart is depression. This common mental...
An IRA is not just a sound retirement plan for people when they leave work; a person can also use it as an estate planning tool for their loved ones in Texas. Basically, the child provided for will own the account, but their parent or adult custodian will manage it...
Many Texas millennials are rejecting traditional family dynamics, including forgoing marriage completely. While completely fine under normal circumstances, it becomes more difficult to navigate with the addition of children. Establishing paternity as unmarried parents...