Creating a comprehensive estate plan typically means creating and executing much more than just a Last Will and Testament. Exactly which additional documents will become part of your estate plan will depend on individual circumstances, goals, and concerns. Having said that, however, there are some estate planning documents that are commonly added to an overall estate plan. One of those is a durable power of attorney. Of course, you should consult with your estate planning attorney before … [Read more...] about Should I Have a Durable Power of Attorney in Houston Texas?
durable power of attorney
You are likely familiar with the concept of a power of attorney. You may even have executed one at some point in your life without giving it much thought. A power of attorney can be a very useful, and flexible, addition to an estate plan; however, it is extremely important that you understand the authority conveyed in one, particularly in a durable power of attorney. Despite the name, a power of attorney has nothing to do with your attorney. The two people involved in a power of attorney are … [Read more...] about Should I Execute a Durable Power of Attorney?
Life can turn on a dime without any warning, and things can rapidly change without you even realizing it is happening. One day you could be just fine and loving life, and the next day you could be lying in a hospital bed clinging to life. Yes, it can happen that fast – even faster in some situations! What do you do, though? While you can’t prevent things from happening because it is, after all, unexpected – you can put some plans into place. Incapacity planning, believe it or not, is an … [Read more...] about Why is Incapacity Planning Important?
Are you aware of estate litigation traps? Chances are, like most people, you do not. Because people whom are not involved with law practices may fall into these traps, it is important to work with an estate planning lawyer experienced with estate litigation. The more experienced your estate planning lawyer is with the process of estate litigation, the least likely your estate is to fall upon these issues. There are many facets to the estate planning process ranging from complex to … [Read more...] about Avoid Estate Litigation
A durable power of attorney is one of cornerstones of estate planning. It is critical that a trusted individual or entity be named to make financial decisions on your behalf should you become unable make these decisions on your own. Since this is such an important decision, it is also important to understand that you do have the right to revoke the power of attorney at any time, and execute a new document to change your 'agent.' To revoke a power of attorney, you should put it in writing, it is … [Read more...] about Can You Revoke a Durable Power of Attorney?