Category: Estate Planning
How are estate executors compensated for their work?
If you’re asked by a family member or close friend to be the executor of their estate after they pass away, you’re likely somewhat flattered that they’re trusting you with this responsibility. However, it’s crucial to remember that even if they have a well-crafted estate plan, being an executor requires time, patience, skills and work….
How often do I need to review my estate plan?
When you fulfill a stressful, demanding personal responsibility, you with no doubt prefer to never need to complete that particular task again. However, that may not be a very realistic expectation, especially when it comes to your estate plan. You can’t draft a will and advance directive when you are 18 and then expect those…
Is your Texas will up to date?
A will is one of the most important pillars of the estate planning process. Done right, a will articulates how you wish to have your assets distributed when you die. And if you have minor children, you should name a guardian for them in your will. But, creating a will is never a one-and-done process….
Power of attorney: how much power do agents have?
No one wants to imagine losing their independence and ability to make rational decisions. Unfortunately, age-related ailments like dementia or a catastrophic accident can render you incapacitated and thus unable to make decisions for yourself. Including a power of attorney (POA) in your estate plan allows you to nominate someone you trust to make healthcare…
2 different powers of attorney
If you’re considering using a power of attorney as part of your estate plan, it can be a wise move. This power of attorney can be helpful if you’re incapacitated for some reason and you can’t make your own decisions. The person that you choose is legally allowed to do this for you. There are…