In my previous post I discussed the need and issues involved in naming guardians to care for your young children in case both mom and dad are incapacitated or pass
As I re-read the article I used for my previous post I was not surprised to find the number one mistake is not having a plan. That got me thinking,
For those families with minor children, estate planning should be a top priority. Unfortunately, for many families that is not the case. They are so busy that they do not
Probate is the legal process of transferring title of the Decedent’s (the one who passed away) assets from the Decedent, to the heirs or beneficiaries. Probate is necessary because in
There are two basic ways to leave gifts to your heirs or beneficiaries: outright or in trust. Outright Distribution Over the course of history, outright distribution has probably been the
In short, “yes, you can.” Perhaps a better question is, “Should I create my own estate planning documents?” In my opinion, the answer to that question is “probably not.” In
Probate in Texas is normally not that difficult. However, it is kind of like elective surgery; it is not absolutely necessary and it costs money. In addition, Probate is a
Yes, absolutely. No question about it. I could make this one of the shortest and easiest to read posts, but allow me to elaborate on my answer. In my opinion,
Beneficiary Designation forms are the instructions for the custodian of the IRA or life insurance company that tell them what to do with the funds in the accounts when it
On Friday, April 29, 2011, the IRS issued Private Letter Ruling (“PLR”) 201117042. An ancillary issue in this PLR was whether an IRA could be titled in the name of
