Power of Attorney A power of attorney (POA) clause allows a person to make decisions on your behalf. This option is greatly beneficial for businesses owned by a single person. You can give partial or full authority through a POA when it comes to making decisions on how your business is run. This can be... read more
Estate planning is a topic that most people nearing retirement prepare for. However, what many may not know is that young adults can prepare them as well. That’s right, the legal age to write a will in Texas is only 18 years! There are many misconceptions that many young adults have about estate planning. Learn... read more
A common misconception about estate planning says that a surviving spouse will receive all of the property and possessions from the deceased. Not only is this not true, but according to the Texas State Legislature, only a probate court can determine how property is distributed if no will exists. This means that, after you pass, and without... read more
If you and your spouse have recently started a family, then we think it's fair to say that the last thing on your mind is the often-grim topic of estate planning. After all, deciding how one's belongings will be distributed after their passing is something that not many would like to do. However, it's important... read more
Many may consider estate planning, which will-drafting falls under, to be a waste of time and effort. After all, if a person has few possessions, what’s the point of listing who among their family and friends will inherit them? This is the wrong mindset to have. Everyone should draft a will, no matter how little... read more
In our previous blog, we went over how part of the will-drafting process included choosing beneficiaries (such as family and friends) as inheritors of one’s personal belongings and the necessity of listing property where debts are still owed. We also discussed determining who would pay the debts on said property (credit cards, car loans, and/or... read more
When drafting a will, you’ll likely be creating lists and considering which possessions or property you’ll want to leave to each of your loved ones. However, have you made a plan for what they should expect if you unknowingly owe money on any of your property? Without a plan, you could be assigning debt or... read more
One of the most important parts of drafting any will involves identifying which family members or friends receive certain items. This can include leaving a home to a spouse or funds to children, for example. A common misconception in estate planning, however, involves the belief that one’s efforts are complete once a will has been... read more
Putting together and drafting a will can be a technical process depending on the size of your estate. Some people would rather avoid writing a will at all for this reason, but this option comes with several risks that can leave your loved ones having to deal with a court settling your estate. Without a... read more
If you’re putting together an estate plan, chances are that you’ve appointed some of your loved ones to carry out the requests you’ve set out in your will. However, have you considered requesting a family member to be your guardian? The guardianship role is appointed by a court to someone who will care for a... read more