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Posts tagged "Estate Planning"

Life expectancy falls for the longest stretch since World War I

Life expectancy, which rose consistently in the United States for so long, has been falling now for three years in a row. That is happening even as other countries still see their life expectancies rising, so this isn't an issue for everyone. It's an issue for Americans.

What should you know about disinheriting a loved one

Family relationships -- even those between parents and children -- become seemingly irreparably damaged for many reasons. When you're developing your estate plan, you may decide to disinherit a loved one -- leave them nothing. Sometimes, this is done for someone's own good. Money left to a child or other family member mired in addiction could end up killing them.

You can help avoid family battles over your estate

By taking the important step of creating an estate plan, you're ensuring that your assets will go to the family members and other beneficiaries you choose. You're also helping minimize the stress and expense for your family when it comes time to put your affairs in order.

Protecting your children's trusts from divorce

Texans often work with their estate planning attorneys to structure trusts so that they can pass on family assets to their children. However, if those children and their spouses divorce, they often don't want the spouse to get a portion of those assets in the settlement. They want the money to stay in the family -- not to be split with a spouse who has gone their own way.

Using your estate plan to direct your end-of-life care

Here in Texas, as in the vast majority of states, it's illegal for anyone, including doctors, to help a person take their own life -- even if there's no hope of recovery, they're in considerable pain and the end is imminent. Whether it's called euthanasia, assisted suicide or mercy killing, Texas law prohibits "any act or omission other than to allow the natural process of dying."

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