Parents in Texas blended families often have one overriding concern: protecting their children. They want to know where their children will live if something happens
A life estate can allow a surviving spouse to remain in the family home, while ensuring that the property ultimately passes to a chosen beneficiary, such as a church or charitable organization.
Failing to update your estate plan after a divorce can lead to unintended outcomes, including the possibility that an ex-spouse may still inherit from your estate.
While naming a spouse as trustee may seem like the natural choice, it is not always the best decision for managing trusts effectively and protecting beneficiaries.
Make sure your loved ones will be secure after you’re gone by setting up a Spousal Lifetime Access Trust.
Portability isn’t automatic; even nontaxable estates must file a tax return to elect it.
The portion the surviving spouse can claim depends on the circumstances.
This summer’s passing of Ozzy Osbourne was mourned by heavy metal fans and caught the attention of estate planning attorneys for lessons about how wealth is distributed among members of a blended family. Whether you liked his music or not, Osbourne left an estate estimated to be worth $230 million plus future royalties, reports a recent article from Think Advisor, “What Wealthy Families Can Learn From a Rock Star’s Estate.” There’s no estate battle for now. However, only time will tell if the Osbourne family faces issues like those of many blended families. There’s no simple playbook for these situations,…
A spouse’s move to a nursing home brings emotional challenges and financial decisions that require careful legal planning to protect your family’s future.
Wills don’t automatically become invalid when you move. However, state laws can affect how they’re interpreted or enforced.
