Most people want to control where their property goes after they die. A last will and testament is a legal document that allows you this choice. However, there are certain requirements that must be met for your will to be legally valid. Texas recognizes three...
You’re a new parent thinking about drafting your first will to get estate planning off to a good start. First, be prepared for a lot of love from your estate planner. They’ll be delighted that somebody is finally following their most important advice: Don’t wait to...
Texans who have loved ones with special needs are dedicated to caring for them. These individuals may need supervision, medications, physical therapy and assistance. A common concern for these families is what will happen if they are no longer there to provide care....
Those who are looking to buy a home in Texas or any other state will need to account for closing costs. On average, closing costs total up to 7% of the home's purchase price. This means that a person who bought a home for $100,000 would pay up to $7,000 in fees. It is...
Some people in Texas may have avoided creating an estate plan because they are concerned that the process will be complex or they think they are not wealthy enough to need one. However, an estate plan can make things easier for a person's loved ones and ensure that...
Creating an estate plan may make it possible for a person to maintain control over a house or other property. It may also allow a person to ensure that a business based in Texas would pass to a child or otherwise remain in the family after he or she passed on. In many...
Some residents of Austin, Texas may feel that the estate planning process is confusing. There are many avenues to take, including a variety of trusts. It can be difficult to discern how to choose the best path as each choice is based on the grantor’s specific...
It isn't uncommon for contingencies to be placed into real estate agreements involving properties in Texas and throughout the United States. For instance, a buyer may ask that he or she be able to inspect the property before purchasing it. A buyer may also ask for...
TO OUR FRIENDS AND CLIENTS: On Friday, March 20th, the Treasury Department notified taxpayers that the filing deadline for 2019 tax returns shall be extended ninety days. Therefore, returns with a due date of April 15, 2020 need not be filed or extended until July...
A trust can be a useful part of an estate plan for people in Texas. Trusts are not just for the wealthiest people; they can allow an individual to control when and how beneficiaries receive assets and help ensure that children from a previous marriage are cared for....
