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3 issues that could delay probate proceedings

After the death of a loved one, his or her estate will likely need to go through the Texas probate process. The legal proceedings associated with this process work to validate the will your family member created as well as allow you to carry out the instructions left in that document. Though probate can have many benefits, you may worry about the time and effort it takes to complete.

Probate does have the potential to take a considerable amount of time. The specific details associated with your loved one's estate can play a major role in the exact time needed, and each time frame differs from case to case. In order to hopefully move the process along, you may wish to understand what issues could cause delay.

Discussing your estate plan with your heirs

Have you discussed your final wishes with your family? Are you sure? A recent study revealed that, while many parents remember having talked to their children about their estate plan and end-of-life preferences, more than half of the children surveyed say that conversation never happened.

How is it that such an important topic of discussion is so easily missed? It is possible that, because of the gravity of the subject, you will have approached it timidly or veiled it in vague hypotheticals so that your children didn't recognize what you were trying to say. On the other hand, your children may simply be in denial, fearing to consider the time when you won't be with them any longer.

5 Important Retirement Planning Strategies Before You Retire

bigstock-Couples-Outdoors-Laughing-4133957.jpgReady to retire? Ready for endless amounts of free time? If you answered with a big "YES", then there are a few things you might consider before you jump all in. This can be an exciting and scary time for you. It's exciting to not have to clock-in from nine to five during the workweek. However, it is scary to wonder how will you sustain yourself financially without a consistent paycheck. One out of three Americans have not saved any money for retirement. What about social security? Unfortunately, the American people cannot rely on social security when we reach our golden years. The average amount of social security a person can expect to receive is a range from $1,163 to $1,348 a month. With that amount, how can anyone expect to retire? The answer is to plan ahead!

Is a special needs child the beneficiary to your life insurance?

If so, you risk denying your child access to government benefits and programs he or she needs in order to thrive after you pass away. The government could reduce or deny benefits to a special needs child who owns more than $2,000 in assets for a significant period. Instead, you should make a special needs trust the beneficiary of the policy and name your child as the beneficiary of the trust.

New Year's Resolution: Beginning Your Estate Plan


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It's a New Year, which means, New Year's Resolutions.  It's a time where people reflect on - our finances, our health, our habits, and our goals - to visualize what they would like to accomplish for the upcoming year. The top 3 new years resolutions include: losing weight/healthier eating, life/self improvements, and better financial decisions.  Even though estate planning is a part of making better financial decisions and is frequently on lists of New Year's resolutions, estate planning is not something most adults consider.  Over 55% of U.S. adults have not completed even a basic estate plan.  Why is that?  Despite the importance for everyone to have basic estate planning documents, a will, power of attorney and healthcare documents, most people assume, estate planning is only for the wealthy, but this statement does not hold true anymore.  Regardless of an individual's financial position, estate planning provides families with peace of mind that their wishes, spouse and families are protected in the event of the loss of a loved one.  How many New Year's resolutions can provide benefits to both you, your spouse and your family at the same?  Completing your estate plan does not have to be overwhelming, time consuming or expensive.

Texas businesses take issue with transgender bathroom law

Earlier this year, the North Carolina legislature was embroiled in controversy due to a transgender bathroom law. Numerous national tours and sporting organizations canceled or relocated events out of the state due to the discriminatory nature of the law.

The NCAA pulled its college basketball tournament games from North Carolina in 2018 and relocated the series to Texas. Small business owners in Texas say they rely on tourism dollars during big events for a significant portion of revenue. An anti-transgender bathroom bill proposed in the Texas legislature could threaten that vital out-of-state cash flow.

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