Category: Estate Planning
Why should you use a disinheritance clause?
You have no legal obligation to leave any of your financial or physical assets to your children. You are legally allowed to leave them nothing, which is known as disinheriting them. It is called this because these are people who would have expected to inherit from you, but that is being taken away. Many other…
Most people procrastinate estate planning: Here’s why you shouldn’t
If you ask most people if they have a will or an estate plan, they’ll tell you that they don’t. We’re still at a point, statistically speaking, where the majority of Americans have no plan, despite clearly needing one. You may find yourself wondering why they do this. Often, they’re merely procrastinating. Some reasons they…
How does a lady bird deed help your family?
If you have never heard of a lady bird deed, you’re not alone. A lady bird deed is a type of deed that will help you avoid probate at death. At the same time, this deed helps you avoid giving up control of your property during your lifetime. Lady bird deeds are not recognized in…
4 benefits you can enjoy when you add a trust to your estate plan
A trust is a legal entity that you create to own and control specific assets. Many people choose to add trusts to their estate plans for their protection or for the benefit of family members and heirs. There are many kinds of trusts, and each offers specific benefits. However, there are certain, general benefits that…
Why can someone contest a will in the state of Texas?
After a loved one passes away, their estate plan should reflect their wishes for their legacy. However, in some cases the will may not truly represent their wishes and interests. Under Texas law, an interested party—beneficiaries, trustees, family members and others with a connection to the person who passed away—can contest a will in court….