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Home » blog

Using a Personal Property Memorandum in Your Estate Plan

April 1, 2015 by Stephen A. Mendel, Estate Planning Attorney

For many people, the personal items that are passed down in an estate plan are as important as the cash, real property, and investment accounts. Family heirlooms, for example, can have more sentimental value to you than your bank account. If you have a significant number of personal property items that you need to include in your estate plan, or if you simply do not want to include them in the public portion of the probate process, you may wish to create a personal property memorandum. A … [Read more...] about Using a Personal Property Memorandum in Your Estate Plan

Filed Under: Uncategorized Tagged With: Estate Planning, last will and testament, personal property memorandum

Texas History – Do You Know Who Was the First Texan Appointed Secretary to the Navy?

March 31, 2015 by Stephen A. Mendel, Estate Planning Attorney

At Lyndon Johnson’s request, President John Kennedy named John Connally Secretary of the Navy in 1961. Connally resigned eleven months later to run for the Texas governorship. Connally fought hard to protect the Navy’s role in the national space program, having vigorously opposed assigning most space research to the United States Air Force. He managed one of the largest employers in the world. The Navy had an annual budget of $14 billion, and had more than 600,000 in uniform and 650,000 civilian … [Read more...] about Texas History – Do You Know Who Was the First Texan Appointed Secretary to the Navy?

Filed Under: Uncategorized

Thought for the Day:

March 26, 2015 by Emily J. Wyatt

You never know how strong you are until being strong is your only choice. Bob Marley … [Read more...] about Thought for the Day:

Filed Under: General

What Happens to Your Digital Assets When You Die?

March 25, 2015 by Stephen A. Mendel, Estate Planning Attorney

Your first question may actually be “What digital assets?” You probably have more than you realize. Do you bank over the internet? Do you send e-mails? Do you have a website or blog? Do you chat with friends and family over Facebook or share photos on Shutterfly? If the answer to any of those questions was “yes,” then you have digital assets that need to be addressed in your estate plan. Estate planning for digital assets is a bit more complicated than planning for traditional assets. This is … [Read more...] about What Happens to Your Digital Assets When You Die?

Filed Under: Uncategorized Tagged With: digital estate planning, Estate Planning

Texas History – Do You Know the Spanish Explorer Who Mapped the Coastline of Texas?

March 24, 2015 by Stephen A. Mendel, Estate Planning Attorney

Alonso Alvarez de Pineda was the Spanish explorer who first mapped the coastline of Texas. Alvarez de Pineda left Jamaica in early 1519 and sailed west to follow the northern coastline of the Gulf. He sailed west from the Florida Keys to hug the Gulf Coast. The expedition established the remainder of the boundaries of the Gulf of Mexico, while disproving the idea of sea passage to Asia and verifying that Florida was a peninsula instead of an island. His map is the first known document of Texas … [Read more...] about Texas History – Do You Know the Spanish Explorer Who Mapped the Coastline of Texas?

Filed Under: Uncategorized

Thought for the Day:

March 19, 2015 by Emily J. Wyatt

The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively. Bob Marley … [Read more...] about Thought for the Day:

Filed Under: General

Why and IRA Makes an Excellent Estate Planning Tool

March 18, 2015 by Stephen A. Mendel, Estate Planning Attorney

We all know that one of the biggest considerations in an estate plan is avoiding taxes. Your estate assets at the time of death are potentially subject to estate taxes which is why any complete estate plan must look for ways to avoid taxation. One tool you may wish to include in your estate plan that can help avoid taxes is a Roth IRA. Many people choose to make contributions to an individual retirement account, or IRA, to help fund their retirement. A Roth IRA can accomplish that goal; … [Read more...] about Why and IRA Makes an Excellent Estate Planning Tool

Filed Under: Financial Planning Tagged With: Estate Planning, IRA, Roth IRA

Texas History – Do You Know How Many of the 61 Signers of the Texas Declaration of Independence Were Native Texans?

March 17, 2015 by Stephen A. Mendel, Estate Planning Attorney

Only two (2) of the signers of the Texas Declaration of Independence were Native Texans - Jose Antonio Navarro and Jose Francisco Ruiz. Jose Antonio Navarro was an early proponent of Texas independence. He took part in the 1812-1813 Magee, Gutierrez and Toledo resistance movements and later served as leader in the Texas Revolution. Jose Francisco Ruiz allied himself with the Texas Revolution in 1835 and traveled to Washington-on-the-Brazos in late February 1836 as a delegate to the Convention of … [Read more...] about Texas History – Do You Know How Many of the 61 Signers of the Texas Declaration of Independence Were Native Texans?

Filed Under: Uncategorized

Thought for the Day:

March 12, 2015 by Emily J. Wyatt

Success is liking yourself, liking what you do, and liking how you do it. Maya Angelou … [Read more...] about Thought for the Day:

Filed Under: General

Choosing a Trustee – Why an Independent Trustee May Be Your Best Choice

March 11, 2015 by Stephen A. Mendel, Estate Planning Attorney

A trust can be an invaluable addition to any estate plan; however, a trust is only as valuable as the grantor makes it. For this reason, you should use care when making important decisions relating to the trust, such as who you decide to appoint as trustee. Although you may initially lean toward appointing a family member, an independent trustee may be a better choice. People often consider appointing a spouse or adult child as trustee because it seems the easy, logical choice. Only a family … [Read more...] about Choosing a Trustee – Why an Independent Trustee May Be Your Best Choice

Filed Under: Trusts Tagged With: estate plan, Estate Planning, trust, trustee

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