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Creating an estate plan is an important task for virtually all adults. Yet, for some individuals, determining how to pass down certain assets can be rather challenging. For some people in Texas, establishing a limited partnership is an important estate planning step....
Becoming a new parent can be equally exciting and stressful. New parents have a lot of planning as they prepare to welcome a new member of their family. They may need to set up a nursery, take infant care courses and start preparing for child care when the mother...
Adults may add trusts to their estate plans for many different reasons. Perhaps they wish to protect certain assets from creditors or increase their chances of qualifying for Medicaid benefits later in life. Maybe they worry that an adult child who may inherit from...
Transitioning into homeownership is a significant milestone, which may prompt new homeowners to consider their broader financial picture, including estate planning. Estate planning is crucial for anyone looking to secure their financial legacy and provide for their...
It’s true that trusts and trust funds are associated with family dynasties and the uber-wealthy – but trusts are no longer just for the rich. Trusts are legal entities that are designed to hold money and other assets, as provided by the grantor. They’re then managed...
Becoming a grandparent can be a very exciting experience, especially when grandchildren live nearby. The grandparents get to enjoy many of the pleasures of watching children grow without all of the daily frustrations of parenthood. They can develop very close bonds...