This Blog is intended for educational and informational purposes only. In no way is any information on this page intended to solicit business, nor does any information or blog articles create an attorney-client relationship
Revocable Trusts and Wills serve many of the same purposes. The major difference between wills and trusts is a trust is active during your lifetime, while a will takes effect after your lifetime. However, there are a few other marquee differences between the two that must be considered before choosing which to make as part of your estate planning. Delegation Ability. Revocable trusts allow you to pass on assets and other items during your lifetime. While revocable trusts may
The ABA and every State Bar, including Texas, recommend adults have a will. These seven documents detailed below create a solid foundation for effective estate planning in Texas. Will -- A last will and testament spells out how you would like all of your possessions, assets, property, and any other items you own will be distributed. A will can also create trusts (testamantery trusts) and may contain estate planning clauses that save the estate's tax costs. If a person dies wi
What are Texas Advanced Healthcare Directives (AHDs)? Advanced Healthcare Directives in Texas offer you the option to create legally binding documents that spell out how your affairs, whether it be medical, financial, or anything else, are handled if you become incapacitated. AHDs are like car, medical, or life insurance: they prepare for events that can be uneasy to face. These documents can be an overlooked step in successful estate planning in Texas. AHDs offer "insurance"