One challenge some people in Texas may face when they are creating an estate plan is what to do about heirs who may spend the money irresponsibly. This could be because of substance abuse, financial carelessness or other issues. You may still want to provide for these...
Blog
Estate pitfalls to avoid when getting remarried in Texas
With an uptick in "gray divorce," the number of people getting remarried during their senior years is higher than ever. But if you are considering getting remarried after creating your initial estate plan in Texas, there are a few things that you should know to make...
Why business owners always need an estate plan
Most people think that estate plans are only for those with significant wealth. However, plenty of other people can benefit from wills and trusts. This is particularly true for business owners who have personal assets aside from company-related assets. General...
Myth: Estate Planning is Only for the Wealthy
When people think of an "Estate" they might think of a mansion like the one above or a portfolio of assets worth millions of dollars. They believe that estate planning is not necessary unless you have a large estate with lots of assets. This is a dangerous belief...
Gifting to Preserve Family Harmony
We have previously discussed why leaving your estate to your children in equal shares isn't always fair. In fact, it could destroy the value of the assets you leave and ruin family relationships. So what solutions do you have to be fair and preserve family...
What to do about lost or inaccessible wills
We previously talked about why it's important to maintain your original Will and where you can keep it. But what happens if the Will gets lost? Or, what if you know where it is, but you don't have access to it? Lost WillsThe most common issue that prevents wills...
Safekeeping of Wills
You've made your will, and now you have peace of mind that your estate will be settled how you want. But you're not done yet.A will has not done its job until it makes it into probate court. For this reason, it is imperative that you preserve the will until your...
One of the Simplest, Yet Powerful Estate Planning Techniques
People often put off their estate planning because they think that it is expensive. But there is a simple strategy that costs nothing and can save you thousands of dollars. It supersedes all other estate planning and even avoids probate. Failure to implement this...
The Critical Decisions That May be Made Without You
When people think of estate planning, they typically think of who is going to get their stuff when they're gone. While the transfer of assets at death is an important concern, the essence of estate planning about preserving your right to make decisions regarding your...
Solutions to Common Life Insurance Mistakes
Previously, we talked about common mistakes when naming beneficiaries for your life insurance policy. These mistakes included naming beneficiaries who are minors, incapacitated, receiving government benefits, spendthrifts, or high-risk.These types of beneficiaries are...
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Law Offices of Aurelio Leo Lara
4124 N 23rd St #1
McAllen, TX 78504
Phone: 956-928-3837
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