June 2018 Archives

Estate planning changes to accompany divorce

When people in Texas decide to divorce, they are often aware of the range of financial, practical and emotional changes and decisions that lie ahead. While divorcing spouses are often prepared for these challenges, there are some issues that can be very important yet are rarely considered at the time of a divorce filing. One such issue is estate planning; during a marriage, many people develop an estate plan jointly with their spouses. After the marriage has come to an end, it is time to change those plans.

Estate planning can protect people from elder abuse

Failing to plan for the future can have costly and dangerous impacts on people in Texas, especially seniors over 65 who do not have a will or other key estate planning documents. One Wells Fargo survey found that around 40 percent of Americans in this age group do not have critical documents in place that can protect them if they are incapacitated and can make sure their wishes are followed upon their death. Without these plans in place, people can be more vulnerable to financial abuse and exploitation, a major concern for elderly Americans.

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