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Do I Assume My Parents’ Timeshare when They Die?
“Can an owner of a timeshare will the timeshare back to the timeshare corporation and does the corporation have to accept it?”
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Posted 2 days ago at Texas Estate Planning
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How do I Settle an Estate if I’m Named Executor?
“Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.”
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Posted 3 days ago at Texas Estate Planning
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Marilyn Monroe’s Estate Makes Money 50 Years after Her Death
“Marilyn Monroe’s estate makes millions every year. At the time of her death in 1962, the icon’s net worth was $10 million, when accounting for inflation. In 2020 alone, she made almost as much as that. But fans of the late star might be surprised to learn that it isn’t her many movies that make her estate the most money.”
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Posted 5 days ago at Texas Estate Planning
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How to Plan for a ‘Fragile’ Beneficiary
“Today, estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with disabilities, individuals struggling with addiction, spendthrifts and even minors and there are planning options available to do so.”
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Posted 6 days ago at Texas Estate Planning
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What’s the Difference between Per Stirpes vs. Per Capita in Estate Planning?
“Here’s a closer look at what per stirpes vs. per capita means.”
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Posted Feb 27, 2021 at Texas Estate Planning
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Did the Pandemic Put a Premium on Estate Planning?
More Americans turned their attention to life insurance, wills and trusts last year, as the coronavirus pandemic made the reality of death unavoidable.”
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Posted Feb 26, 2021 at Texas Estate Planning
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How Do I Cancel a Loved One's Credit Cards and Manage Their Points, After They Die?
“How exactly do you deal with credit cards and rewards points when someone dies?”
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Posted Feb 25, 2021 at Texas Estate Planning
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Who Makes Money from Charlie and the Chocolate Factory?
“Roald Dahl has written dozens of childhood classics, from the newly remade The Witches, to The BFG and Charlie and the Chocolate Factory. Roald is now the subject of a new drama on Sky titled Roald & Beatrix: The Tail of The Curious Mouse, which imagines the authors meeting.”
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Posted Jan 22, 2021 at Texas Estate Planning
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How to Plan for ‘Black Sheep’ Kid in Will
“There are several myths about how estates must be distributed that can lead to lots of worry about what will happen to a “wild child” in the future and stress about family dynamics.” Continue reading
Posted Jan 21, 2021 at Texas Estate Planning
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Should I Add that to My Will?
“A last will and testament is the foundation of an estate plan, which lets you plan for your estate after you’re gone. However, there are certain things that you might not want to put in your will.” Continue reading
Posted Jan 20, 2021 at Texas Estate Planning
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What are Options for Powers of Attorney?
“Powers of attorney come in different forms, each suited for a specific purpose. They serve as useful tools in any estate-planning effort.”
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Posted Jan 19, 2021 at Texas Estate Planning
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Should I Create Estate Plan Myself?
“The ongoing coronavirus pandemic has pushed many people to make long-delayed decisions about estate planning. Many people will try the do-it-yourself route via various websites or books. Internet DIY websites make it easy to download forms, but there are mistakes people make when they try do-it-yourself estate planning.”
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Posted Jan 18, 2021 at Texas Estate Planning
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Federal Court Decides for ‘Blue Water’ Navy Veterans
“A recent court order could give up to 15,000 Vietnam veterans previously denied disability benefits, an average of $28,000 in backdated payouts, but federal officials could still yet try to appeal the ruling in coming weeks.”
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Posted Dec 29, 2020 at Texas Estate Planning
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What’s Involved in the Probate Process?
“The probate process refers to court proceedings that you have to go through when a loved one passes on, and they have left an asset in their name.”
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Posted Nov 23, 2020 at Texas Estate Planning
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Dividing Pablo Picasso’s Estate, a Disaster
“When Pablo Picasso died in 1973 at the age of 91, he left behind about 45,000 works of art – so many that it would take the entire Empire State Building to display them all at the same time – and yet he didn't leave a will.”
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Posted Nov 21, 2020 at Texas Estate Planning
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Did Samsung’s Chairman Have an Estate Plan for his $20.7 Billion Fortune?
“The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. However, that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.”
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Posted Nov 20, 2020 at Texas Estate Planning
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Do I Need to Name a Guardian for My Children in the Will?
“Why naming a guardian for your child is important.”
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Posted Nov 18, 2020 at Texas Estate Planning
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What Can I Do to Catch Up on Retirement Savings?
“Are you among the millions of workers who have fallen behind on retirement savings?”
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Posted Nov 17, 2020 at Texas Estate Planning
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What Do I Do If Property I Just Inherited Has a Mortgage?
“What happens if you inherit your loved one’s home? What if they still have payments to make on their mortgage? We’ll explore these and other questions you may have below.”
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Posted Nov 16, 2020 at Texas Estate Planning
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Is My Stuff Worth as Much as I Think?
“Can you imagine a millennial with a china hutch?”
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Posted Sep 30, 2020 at Texas Estate Planning
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Estate Planning Lawyer, Wills, Intestacy, Probate Court, Inheritance, Asset Protection, Capacity, Guardianship, Executor, Personal Representative, Trusts, Trustee, Power of Attorney, Healthcare Directive, Living Will, Probate Attorney, Beneficiary Designa
“A fiduciary is someone who manages property or money on behalf of someone else. When you become a fiduciary, the law requires you to manage the person’s assets for their benefit—and not your own.”
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Posted Sep 29, 2020 at Texas Estate Planning
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Do I Need More Than a Will?
“A will is just one of several legal documents that help your loved ones know your end-of-life wishes.”
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Posted Sep 28, 2020 at Texas Estate Planning
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What Should I Know about Immediate Variable Annuities?
“Immediate annuities (also known as payout or income annuities) require you to pay to an insurance company. The insurer will send you a stream of payments, starting right away.”
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Posted Sep 2, 2020 at Texas Estate Planning
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How Can I Protect Assets from Creditors?
“Estate planning is not just about saving taxes, it is also about managing and protecting your assets against future creditors, both for you and for your beneficiaries.”
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Posted Sep 1, 2020 at Texas Estate Planning
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What Should I Know about Beneficiaries?
“Whenever you open a financial account, you’re almost always asked to name a beneficiary. Simply stated, a beneficiary of the account is someone who is entitled to the benefits of the account, typically, on the death of the account holder. If you’ve purchased life insurance, for example, you name a beneficiary, who receives the benefits of the policy when you pass.”
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Posted Aug 31, 2020 at Texas Estate Planning
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