A breach of fiduciary duty is a legal term that refers to a situation in which someone who owes a fiduciary duty to another person fails to act in that party's best interests. A fiduciary duty is a legal obligation to act in the best interests of another party,...
Estate Planning
Why a trust could be a beneficial estate planning tool
When planning for the future, it is important to take current and future needs into consideration. While there is no way to accurately predict what will happen in the coming months and years, it is possible to make plans that will provide stability and security long...
Estate planning is an important tool for business owners
Owning and operating a business is an investment of time and resources. With the amount of effort that it requires in order to start a successful company, many Texas business owners overlook the importance of planning for what will happen when they are no longer able...
Safeguarding one’s digital estate
Most people have a significant amount of their lives online. From social media accounts to online banking, Texas adults likely have multiple aspects of their personal life in a digital format, and it is just as important to protect these types of assets and accounts...
The important role of the executor of an estate
One of the most important benefits of having a will is knowing that you have control over certain matters after you pass, such as the distribution of your personal property. The terms of your will outline how you want to address your assets and wealth, whether it is...
Talking about estate planning with children
It is not easy to discuss the future, particularly what will happen after passing away. It is emotional and complicated to consider one’s own mortality or possible incapacitation in the future. However, it is important to discuss these matters with loved ones as it...
Why all adults will benefit from an estate plan
Planning for the future can be difficult as many Texas adults do not want to consider their own mortality or what will happen after they pass. As a result, it is common for people to delay the estate planning process because they assume they are too young or too...
Consider explaining the intent of estate planning decisions
Planning for the future is a personal and sometimes emotional process. Many Texas adults find that they want to keep the details of their plans private as they may feel uncomfortable discussing intimate financial details and medical decisions. However, in the event...
Estate planning for average or below-average earners
Planning for the future is a necessity for all adults, regardless of age, income level or the size of one’s estate. It can be costly and complex for loved ones when a family member passes away without a will or other estate planning documents. To avoid this potential...
Don’t allow estate planning myths to affect the future
Planning for the future can be an intimidating process, and many Texas adults avoid moving forward with this step because they are unsure of where to begin. Others delay the estate planning process because certain misconceptions have impacted their perception of the...