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February 2014 Archives

Learning from Philip Seymour Hoffman's estate plan

On the individual level, it may seem to many people that unexpected life events don't happen very often. After all, it's easy to go along with the flow of life and assume that regularity will always be the norm. The reality, though, is that unforeseen factors disrupt people's lives all the time, and your estate plan should account for unwanted surprises in order to protect yourself and your loved ones.

Where there's a will, maybe there should be a living trust, too

Most of us have heard it a hundred times -- just in the last week, even: Baby boomers are entering retirement. Approximately 10,000 Americans will turn 65 every day for the next 16 years. It is not too late for these soon-to-be retirees to establish an estate plan that will protect their assets and keep the tax obligation low. Many boomers, in fact, may relocate to Texas, because we have neither an estate tax nor an inheritance tax.

Power of attorney form change cannot alter document's importance

A column in the Houston Chronicle reminded us that a new Statutory Power of Attorney form went into effect in Texas at the beginning of 2014. There are a few key differences from the old form, but some things have not changed.

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