Updates to the Texas Financial Power of Attorney

The Texas legislature created a standard,  statutory form for the durable power of attorney.  This is also known as a Financial Power of Attorney.  This document, along with a Medical Power of Attorney, addresses circumstances when an individual is unable to make decisions for themselves.  Individuals who execute these documents  help their families avoid spending […]

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How Children Influence your Estate Plan

Young Kids Create Special Considerations for Estate Planning When you have kids—especially young adults or minor children—estate planning is more critical than ever. Children introduce several unique concerns. There are more questions to think about, and there’s more riding on getting it right; so this is a crucial matter to think about early.  There are

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How to Store your Will to Avoid Issues with Probate

Congratulations, you’ve just signed your will.  Now what?  It’s important to keep your will in a safe place where someone will be able to find it.  Probating a will is very difficult unless the original can be produced.  This could add significant time and expense to the probate process. Here are some options to consider:

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Pros and Cons of Having More Than One Agent Under a Financial Power of Attorney

Wondering whether you can name more than one individual as agent in your power of attorney (POA)? Worried you’ll make the wrong choice? This article contains all the information you need to make an informed decision about when shared agency is useful and how to use it properly.  Definition of agent or attorney-in-fact:  Principal The

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Disadvantages of Dying without a Will

What Happens if You Die Without a Will? If you die without a will, it won’t be your problem; it’ll be everyone else’s! Dying without a will is also known as dying “intestate.” It could mean that rather than leaving your heirs an estate, they inherit an expensive and confusing headache. Three Steps to Decide

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Revisiting Jimmo v. Sebelius and the “Improvement Standard” for Medicare Coverage

If you or a loved one has been receiving Medicare to pay for skilled nursing or therapy care and Medicare suddenly stopped paying, you may want to appeal that decision.  The wrong standard may have been applied to your case. JIMMO MEDICARE SETTLEMENT AGREEMENT In 2013, the Jimmo Settlement Agreement profoundly impacted Medicare coverage. Before

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So the Estate and Gift Tax has doubled – does that mean anything for you?

The Tax Cut and Jobs Act of 2017 has doubled the Federal Estate and Gift Tax exemption amount from $5.6 million to $11.2 million (2018 numbers).  This means that if you are married, under portability rules, you and your spouse have a $22.4 million federal estate tax exemption (at least through 2026).  Many people may

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What Are The Long-Term Care Costs in Estate Planning?

Long-Term Care Payment Options Continue to be Limited The Wall Street Journal continues to report on the struggles of the long-term care insurance market. Why is this important? Long-term care insurance was viewed as the middle-class solution to affording long-term care. What steps can individuals take to plan for long-term care? Meet with your Financial

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Individuals You Need to Consider Naming in Your Estate Plan

Overview An estate plan asks the client to name individuals for a variety of responsibilities – responsibilities that differ from one another and may lead the client to determine that more than one person is best suited to fill each of these roles. Executor/Trustee For the client The executor of a will is responsible for

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