Since your child cannot inherit directly due to age, someone will need to manage those funds until your child reaches the age of majority, usually age 18. If you want to know with certainty who will control those funds you need to set up a trust. The proceeds will then be directed into the trust and the individual you appoint as trustee will manage the funds and make distributions according to the terms of the trust that you created. Not only does this ensure that someone you choose will manage … [Read more...] about Free Report: Parents with Minor Children: Why Estate Planning Is So Important
Free Report: Duties of an Executor or Administrator in a Texas Probate
The formal probate process begins by filing a petition to probate in the appropriate court. The original Will must be submitted to the court at this time. One purpose of probate is to “prove” the Will. The court must determine that all the formalities of execution were met and the Will was not cancelled out or revoked prior to death. The court must also approve the appointment of the executor or administrator as well as determine if the estate qualifies for independent administration before … [Read more...] about Free Report: Duties of an Executor or Administrator in a Texas Probate
Thought for the Day:
Whatever the mind of man can conceive and believe, it can achieve. Napoleon Hill … [Read more...] about Thought for the Day:
What is a Living Will or Advance Directive?
Throughout your lifetime you enjoy the freedom and the ability to make important, sometimes life-changing, healthcare decisions for yourself. This is something that most of us take for granted in the United States. What happens though if you are one day unable to make those decisions for yourself because of an incapacitating condition? The answer may be to make the decisions ahead of time through the execution of a living will or advance directive. Most people think of “incapacity” only in … [Read more...] about What is a Living Will or Advance Directive?
Texas History – What Texas Governor Spent Only Thirty-Five Cents on His Campaign?
Texas governor Oran Milo Roberts (1879-1883) reported to have spent a sum total of only thirty-five cents on his campaign. After serving as Chief Justice of the Texas Supreme Court for four years, he received a unanimous nomination from the Democratic Convention to run for governor. In 1878, he was elected governor of Texas and served two terms. He was elected on a platform of post-Reconstruction fiscal reform. Both of his gubernatorial terms were marked by a reduction in state expenditures. … [Read more...] about Texas History – What Texas Governor Spent Only Thirty-Five Cents on His Campaign?
Caring For Your Special Needs Child: The Texas Special Needs Trust
Caring For Your Special Needs Child: The Texas Special Needs Trust from Steve P. Mendel The parent of a special needs child may not want to dwell on the financial aspect of raising the child but reality is that it costs more. Learn more about caring for your special needs child in this presentation. … [Read more...] about Caring For Your Special Needs Child: The Texas Special Needs Trust
Free Report: Texas Trust Basics
All trusts require four basic elements – a grantor, a trustee, assets, and beneficiaries. First, someone must create the trust. This person is referred to as the grantor, trustor, or settler. Next, you must appoint someone (a person or a company) to be the trustee. The trustee is responsible for administering the trust and managing the trust assets. Once you have the trustee, you will need to designate assets to fund the trust. Although trust assets can be cash, they can also be real … [Read more...] about Free Report: Texas Trust Basics
Thought for the Day:
Don’t let the fear of striking out hold you back. Babe Ruth … [Read more...] about Thought for the Day:
Medical Marijuana and Increasing Life Insurance Premiums
Sometimes it takes the law a significant period of time to catch up with changes in society or public opinion. Such has been the case with the issue of legalization of marijuana and/or medical marijuana use. Though surveys and studies have shown for years that the majority of people are in favor of decriminalization of marijuana, at least to some extent, the laws across the United States are just beginning to reflect those opinions. Just as the laws have taken some time to catch up, insurance … [Read more...] about Medical Marijuana and Increasing Life Insurance Premiums
Texas History – Do You Know Who Was the First Pilot to Utilize Landing Wheels?
In 1910, at Fort Sam Houston, Lieutenant Benjamin Foulois became the first pilot to utilize the aeronautical innovation of landing wheels. While serving in the Aviation Section Signal Corps, Foulois was directed by the Army’s Chief Signal Officer, Brigadere General James Allen, to "teach yourself to fly." He did so on March 2, 1910, on the Arthur MacArthur parade field making four flights on a S.C. No. 1, which included his first solo takeoff, first solo landing and first crash. Fifteen months … [Read more...] about Texas History – Do You Know Who Was the First Pilot to Utilize Landing Wheels?
