Clear Answers To Your Estate Planning Questions
When it comes to estate planning, there are many tools you can make use of. One of these is the irrevocable trust. Irrevocable trusts frequently receive a bad rap because, unlike revocable trusts, which the grantor can change or revoke, they cannot be changed or...
Creating an estate plan is an integral part of every adult's life, but contrary to what many people believe, it is not something you do once and never deal with again. Life is full of changes, and your estate plan should reflect those changes as they happen so it is...
A living trust can be an invaluable estate planning tool for anyone, not just the wealthy. It helps distribute your assets according to your wishes without the delays and costs associated with probate. This is particularly beneficial in Texas, where the state does not...
Imagine a future where your loved ones are cared for, your wishes are respected and your legacy is protected. A well-crafted estate plan makes this vision a reality, providing you with a sense of security and peace of mind. Whether you're a young professional just...
Choosing an Executor is one of the most important decisions in making a will. The correct selection can make all the difference in the probate process. Also known as the personal representative, the Executor carries out the testator’s last wishes. This charge comes...
Imagine this: you're on a family vacation, soaking up the sun, when a sudden accident leaves you unable to make decisions for yourself. Maybe it's a car crash, a stroke or a debilitating illness. While you hope for the best, life has a way of throwing unexpected...
October is National Estate Planning Awareness Month! Our motto this year is “Celebrate and Educate!” To do this, BOOK LAW FIRM will be hosting weekly Facebook LIVE events around different estate planning topics to help our community answer the most important estate...
Author’s note: This blog post was originally posted on March 16, 2020. After six months, we felt certain updates were appropriate. Those updates have been indicated below. Clients, Partners and Friends: In light of the unfolding events we are all following closely...
EP 20/20 is a monthly estate planning seminar series developed by BOOK LAW FIRM and sponsored by the Prestonwood Foundation of Prestonwood Baptist Church in Plano, Texas. Apart from the day-to-day challenges, blended families face additional hurdles when addressing...
How to Save Money on Property Taxes As retirees transition to a fixed income, managing expenses can be critical. Many will have paid off a mortgage by this time (shout HOORAY!), but one housing expense still looms: property taxes. Thankfully, Texas law provides for a...