Understanding the Benefits of Trust Planning: A Response to Ramsey When it comes to estate planning, the options available to protect your assets and ensure your loved ones are cared for can be overwhelming. While financial expert Dave Ramsey offers valuable advice on many financial matters, his recent article on living trusts overlooks some critical […]
Category Archives: Wills and Trusts
When planning for future healthcare decisions, selecting a Medical Power of Attorney agent is a crucial step. This person will make medical decisions on your behalf if you become unable to do so yourself. It’s essential to choose someone you trust implicitly, as their decisions could significantly impact your health and well-being. Understanding the Role […]
Key Factors to Consider when Choosing a Financial Power of Attorney under Texas Estates Code 752 When planning your estate, selecting the right person to serve as your financial power of attorney is one of the most important decisions you will make. This individual will be responsible for managing your finances if you are unable […]
Choosing a guardian for your minor children is one of the most important decisions you can make when planning your estate. This choice ensures that your children will be cared for by someone you trust if you are no longer able to do so. The role is significant, so it’s crucial to choose someone who […]
Choosing an executor is an important decision. This person will manage your assets, pay your debts, and make sure your beneficiaries get what you want them to have. Here’s how to choose the right person for the job. 1. Trust your Executor Pick someone you trust completely. They will have access to your personal and […]
When establishing a trust, one of the most critical decisions you’ll make is selecting the right person or entity to manage it (the Trustee). This individual or organization oversees the trust’s assets, making distributions to beneficiaries, and ensuring everything operates according to your wishes. It is essential to pick the right person for this role […]
When a spouse dies, it can be an incredibly overwhelming and emotional time. Knowing what steps to take immediately after the death can help ease some of the burden during this difficult period. Here’s a comprehensive checklist to guide you through the necessary tasks from the moment of death. 1. Immediate Steps After Your Spouse […]
Understanding the Differences Between a Living Trust and a Testamentary Trust When planning your estate, choosing the right trust is crucial. Trusts come in many forms, but two of the most common are a living trust and a testamentary trust. While both serve the purpose of managing and distributing your assets, they have distinct differences, […]
When planning your estate, it’s crucial to understand the tools at your disposal. Among the most powerful are trusts, specifically a revocable trust or an irrevocable trust. Each serves distinct purposes and has unique advantages. Understanding these differences can help you make informed decisions about your estate planning. What is a Revocable Trust? Revocable trusts, […]
When it comes to planning for your future and protecting your loved ones, the term “cheap online will” often catches the eye. However, while affordability is crucial, it’s essential to understand that not all “cheap” options are created equal. At Texan Wills and Trusts, we pride ourselves on offering affordable, high-quality estate planning documents specifically […]