September 2018 Archives

Why estate planning is important for adults

There are several reasons a person in Texas may need an estate plan regardless of whether the person is wealthy or not. However, people may hesitate to make one. One survey found that only 42 percent of people said they had an estate plan.

Estate planning lessons to be learned from Aretha Franklin

It's not unusual for hardworking individuals in Texas to do everything possible to protect the future of their assets. This is often done legally with either a will or trust. However, many estate owners neglect to do this. For example, the late R&B singer Aretha Franklin never made such arrangements with her own estate, estimated to be valued at approximately $80 million. Because of a lack of will or trust, the Queen of Soul's four sons have come forward as interested parties. Franklin's niece has reportedly been selected to act as the estate's personal representative.

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