Five Reasons Why Parents of Young Children Need Estate Planning

If you are a parent of young children, getting your estate plans in order can help you ensure that your minor children will be protected in the event the unthinkable happens. Estate planning is critically important for parents with minor children because: It allows you to select a guardian for your children in the eventRead More

The Top 10 Reasons Why You Need An Estate Plan

A recent survey found that approximately two-thirds of Americans don’t have a wills, and even fewer have power of attorneys or health care directives. Are you one of them? The survey suggests that the primary reasons why so few have Wills include: Procrastination Believing that getting a Will was not urgent Thinking they did notRead More

Independent Administration Simplifies the Probate Process

Probate has gotten a bad reputation as being expensive and causing delays. As a result, many people try to avoid it at all cost. In many states, that reputation has been well earned. But in Texas, probate is typically nothing to be feared. This is because Texas has one of the most simplified probate processesRead More

When Should I Use a Revocable Trust?

A couple of weeks ago, I explained that probate recently got more private in Texas. In the past an estate’s representative was required to file an inventory, appraisement and list of claims with the court. Revocable trust-based plans avoided the public disclosure of information required in the inventory. But effective September 1, 2011, Section 250Read More

A Mother’s Love

A few years ago, I read an article that reminded me of the extraordinary lengths parents will go to protect and provide for their children. It was about a woman named Melissa Bowmer, who had been diagnosed with breast cancer. While she was preparing for her treatment, she learned that her four-year-old son had aRead More

Beyond Taxes: 10 Reasons Why Americans Without Taxable Estates Need an Estate Plan

NB: Rocket Lawyer Press invited me to contribute another guest post on an estate planning issue. Below is an excerpt of the article I wrote, as well as a link to the full article on the Rocket Lawyer website. Last December, the wealthiest 2 percent of Americans breathed a collective sigh of relief. The estateRead More