Important Estate Planning Considerations When Nearing Retirement
Retirement is a significant life milestone but also a critical time to review your estate plan. As you shift from building wealth to preserving it, ensuring that your assets are protected and your wishes clearly outlined becomes more critical. Many retirees make the mistake of assuming their existing estate plan is sufficient,...
What Is Breach of Fiduciary Duty in Estate Planning?
Most people expect an executor or trustee to manage an estate with honesty and care. After all, fiduciaries are legally required to act in the best interests of beneficiaries. But what happens when they don’t?
Whether you’re a beneficiary concerned about protecting your inheritance or a fiduciary wanting...
Tax Considerations for Social Security Benefits
Many assume Social Security benefits are tax-free, but that’s not always true. Depending on your total income and filing status, some of your Social Security Disability Insurance (SSDI) benefits may be taxable at the federal level. Supplemental Security Income (SSI), however, is never taxed. Understanding how Social Security benefits are taxed can...
Tips for Preparing Yourself as Executor of an Estate in Texas
Being named an estate executor is an honor and a responsibility. While it means someone trusted you enough to handle their final wishes, the role comes with legal and financial obligations that can feel overwhelming. If you’ve been appointed executor in Texas, working with an experienced probate attorney can make the...
Understanding the Ins and Outs of Payable-On-Death (POD) Accounts
When planning for the future, many people create wills or trusts to ensure their loved ones are cared for after they’re gone. However, there’s another straightforward tool that can simplify the transfer of assets while avoiding probate: Payable-on-Death (POD) accounts. This blog explains how these accounts work, their benefits and limitations, and...
Tips and Considerations for Your Administrative Law Judge Hearing
If your Social Security Disability (SSD) benefits application was denied, you’re not alone. Many initial applications are denied, but you have the right to appeal the decision. One of the most critical steps in the SSD appeals process is your hearing before an Administrative Law Judge (ALJ).
This...
When Is Probate Necessary Under Texas Law?
Probate is often seen as a complex legal process, but it plays a crucial role in settling a person’s estate after they pass away. In Texas, whether or not probate is necessary depends on several factors, including the size of the estate, the presence of a will, and how the deceased’s assets...
Probate Tips for Small Estates in Texas: Understanding the Unique Challenges
Probate can be a complex process, even for small estates. While Texas offers simplified probate options for qualifying smaller estates, unique challenges can still arise. If you’re managing the probate process for a small estate, understanding your options and the steps involved can help you navigate it more smoothly. Here, we’ll discuss...
How Probate Can Affect the Family Business in Texas
When a family business is passed down to the next generation, the transition can be challenging. If proper estate planning is not in place, the company could become entangled in probate—a legal process that could disrupt operations, cause disputes, or even jeopardize the future of the business. Let’s explore how probate can...
How Life Insurance Factors Into Estate Planning
Life insurance offers more than just financial protection—it’s a way to provide security and peace of mind for your loved ones. When unexpected events occur, a well-thought-out life insurance plan ensures that your family has the resources they need to cover expenses, maintain their lifestyle, and move forward. It can also be...