FAQs About Estate Planning

Should I Name my Minor Children as Beneficiaries of my Insurance Policy?

If you’re like most parents, your beneficiary designation on your life insurance probably lists your minor children as the secondary beneficiaries of your life insurance policy, behind your…

FAQs About Estate Planning

What is a Lady Bird Deed?

A “Lady Bird Deed” is another name for an enhanced life estate deed, which allows a property owner to transfer property at death without the necessity of probate.

Estate Planning, FAQs About Estate Planning

Can A Minor Orphans Select Their Own Guardians?

Fortunately, most children will not be orphaned before they reach adulthood, but occasionally tragedy strikes. That’s why parent appoint guardians in a Will or Declaration of Guardian.

Estate Planning, FAQs About Estate Planning

Who Will Take Care of My Pets After I Die?

My dog’s name is Jilly. My family adopted her several months after Elway died. We weren’t really looking to adopt another pet so quickly, but we…

Estate Planning, FAQs About Estate Planning

Keeping the Peace from Beyond the Grave

It’s every parent’s dream to maintain close relationships with all their children as they age. But sometimes, things don’t turn out as parents plan. The reasons…

Estate Planning, FAQs About Estate Planning

Prepare for the Death of the Stretch IRA

No laws affecting retirement plans are final yet, but there are certain changes on the horizon that may require tweaks to your estate plans. The Setting Every Community…

Estate Planning, FAQs About Estate Planning

Is an Attorney Absolutely Required for Estate Planning?

I received a new client application requesting information about how to set up a power of attorney and Will. The person who submitted the application said she…

Estate Planning, FAQs About Estate Planning, Newsworthy

Where there’s a Will…

A few weeks ago, a journalist emailed me to ask if she could interview me for an article she was writing. The article she wrote appeared in the…

Estate Planning, FAQs About Estate Planning

Can I Change My Will Before My Divorce is Final?

There is a Texas statute that prohibits Courts from entering any orders that prevent parties in a divorce proceeding from changing his or her Will. Section 253.001 of…

Estate Planning, FAQs About Estate Planning

Should I Name My Estate as the Beneficiary of my IRA?

A client was confused. He knew that the federal estate tax only applied to estates in excess of $11 million, so he didn’t understand why significant taxes…