It is not uncommon to have concerns regarding what will happen with your estate after death. Particularly if you believe that your heirs may challenge any will that you put forth, you may be looking for ways to prevent this. The most common way to prevent any...
Will my spouse have to pay my credit debt after my death?
There is nothing more final than death, which means you probably assume that when you die, your debts will as well. That is not always true when you have a spouse. Your creditors could hold him or her responsible for your debt in a couple of situations. According to...
An estate plan may include instructions for managing a business
For many entrepreneurs, starting and growing a business is like raising a family. Although estate planning tools provide resources for ensuring the financial stability of a spouse and children, they may fall short when providing for the long-term care of a...
What is intestacy?
Most people understand the importance of having a comprehensive estate plan. However, there are thousands of people in the United States who die each year without a will. Dying without a will is dying "intestate." When this happens, it may end up with the estate in...
Is a limited partnership a valid estate planning tool?
Forming a limited partnership in Texas may be one way to limit losses in your business while retaining financial benefits. Texas trust law explains that some people use limited partnerships as an estate-planning device to ensure the safety of their invested capital. ...
Is it time to change your estate plan?
As a Texas resident, you have spent valuable time and effort writing your estate plan. At the time you wrote it, you ensured it covered every necessity. You know that it met your needs. But what about now? Needs change along with your life on a whole. You should know...
When sibling rivalries cause disputes over a will
Will contests come up for different reasons, whether a family member believes that their loved one was under the undue influence of another or the executor is accused of failing to distribute assets appropriately. However, some wills are disputed because of sibling...
Stress management and will contests
When a will is disputed, many hardships arise for those involved. Sometimes, these challenges create hardships for the entire family, which is especially troubling when loved ones are already dealing with unmanageable emotions following the loss of someone who was...
Reduce conflict when succession planning
For many business owners, succession planning is far more stressful than the rest of their retirement and estate planning process. In their eyes, far more important than what happens to the house or car or 401(k) is what happens to the business they have put their...
How can you choose a successor for your company?
When you own your own business, it can be difficult to decide what happens to your business when you retire. More often than not, you will have to choose a successor. Forbes has some tips on choosing a successor for your company. Do not wait around to plan your...
