Estate planning

After creating your estate plan, you likely do not want to see it again for some time. After all, the act of creating an estate plan can take up enormous amounts of time and effort. However, you cannot simply leave your estate plan as-is for the rest of your life. You...

Fewer than one out of four private companies have a formal succession plan according to the National Association of Corporate Directors. Putting a succession plan in place has many benefits and helps to curtail uncertainty and conflict, especially in the case of...

One of the most challenging components of estate planning for parents of young children is naming a guardian. No one wants to think about their kids growing up in a world without them, but if you do not create a plan, your children may end up at the mercy of the court...

A solid estate plan helps you care for your family even after you are gone. It also ensures the assets you worked so hard for go to good use, whether it is helping loved ones pay for college or purchasing a new home. While it is important for everyone to have an...

Estate planning for a blended family requires open communication and attention to detail. While there are no unique requirements for a blended family, you need to address a few fundamental issues. Consider how your family may relate to each other in the future. Will...

Sudden, serious illnesses or injuries may leave people physically or mentally incapacitated. In such conditions, patients often do not have the ability to tell the doctors what they do and do not want in terms of treatment and care. Therefore, the decisions fall to...

Sibling rivalry happens in many families across the country, with these rivalries often starting in childhood and maintaining even through adulthood. In some cases, this rivalry can lead to major issues. For example, in the event of a parent's death, these rivalries...

When you focus on your estate plan, you will likely spend most of your time working on things like your will and any potential trusts you want to set up. These all serve your estate well after your death, but did you know that you can take steps to protect your family...

Recently, your parents shared they want to retire in a few years. While you feel excited about this next chapter of their lives, you also want to help them plan for every aspect of their golden years. Money Crashers explains how to discuss estate planning with your...

From document errors to concerns about the author’s intentions and mental capacity, there are several reasons that a will may not hold up to legal scrutiny. In Texas, individuals who have an interest in the deceased’s estate may contest the will’s validity if they...