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Estate Planning

Friday, June 26, 2020

Lifestyles of the Planners and Savers


by Stacey K. Skillman

Attorney at The Dean Law Firm, PLLC

We have all read the headlines of celebrities passing away without a Will, leading to sometimes bitter and always expensive and prolonged court proceedings. Turns out that not having a Will is not just for the rich and famous. A recent poll conducted by Caring.com shows that 68% of adult Americans do not have Wills.
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Thursday, June 11, 2020

Top Five Estate Planning Mistakes

By Julia “Jules” Pullin

Attorney at The Dean Law Firm, PLLC

 

One of the most important things that you can do for yourself and your family is create an estate plan.  By having certain documents in place to take care of yourself and your loved ones in the future, you can mitigate or prevent future problems. Unfortunately, people often make crucial mistakes in their estate plan that can have devastating consequences for their families. Here’s a look at the top five estate planning mistakes that you need to avoid.


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Monday, May 18, 2020

Four Simple Steps to Keeping your Estate Plan Relevant

by Laura L. Bromlow, J.D., CELA

I often get similar questions from clients when they are considering creating their estate plan.  “Once my plan is done, is there anything I need to do to maintain it?” Or, “How often should I review my estate planning documents?”  And, “What is the expense of keeping my estate plan up to date?”  These questions all speak to related issues, which is how to keep your estate planning documents relevant.


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Monday, March 30, 2020

Don’t Gamble Your Estate Plan with an Online Will!

By Julia “Jules” Pullin
Attorney at The Dean Law Firm

Downloading a Will from the internet seems tempting – it’s quick, inexpensive, and you just fill in a few blanks.  However, signing a Will that you bought online is like playing poker with a blindfold on—you won’t know if you’ve bet correctly until it’s too late.  I’ve counseled many clients who were shocked to learn that a loved one’s online Will was invalid.  An invalid Will is treated like there is no Will at all, which ends up costing family members thousands of dollars in attorney’s fees and tying up the Estate in administration.

There are three major problems that can happen with an online Will:


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Friday, March 20, 2020

Being Prepared: Groceries, Toilet Paper, and Other Necessities

I was a Girl Scout from the ages six to ten. During that time, I sold cookies, found out that I did not like camping outdoors, but most importantly, I learned a motto that stayed with me throughout my life: “Be Prepared”. The 1947 Girl Scout Handbook explains the motto this way: “A Girl Scout is ready to help out wherever she is needed. Willingness to serve is not enough; you must know how to do the job well, even in an emergency.”


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Thursday, May 2, 2019

Estate Planning for the Chronically Ill

In the United States, six out of ten adults in the United States have a chronic disease, and chronic disease is the leading cause of disability and death. While many healthy adults view estate planning as a contingency plan, adults with a chronic illness approach estate planning with higher urgency. While preparing their plan, adults with chronic illnesses should assemble a “team” of advisors.

An attorney can draft important financial and health documents, such as your:

  • Will or Revocable Living Trust: Expresses your wishes regarding your property after you pass away;
  • Durable Power of Attorney: Appoints an agent to make your financial decisions if you cannot do so;
  • Medical power of attorney: Appoints an agent to make your medical decisions if you cannot do so;
  • Living Will: Expresses your preferences for life support;
  • HIPAA Authorization: Allows family members to know your protected healthcare information;
  • Out of Hospital Do-Not-Resuscitate Order: Informs paramedics not to use a cardiac defibrillator if your heart stops.

These documents will enable you to empower a trusted person or group of people to care for you when you are unable to do so.


Read more . . .


Tuesday, April 9, 2019

What is Settlement Planning?

Personal injury lawsuits can include years of litigation, so when a plaintiff receives a settlement in a personal injury case, he or she might believe that everything is resolved. However,

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Thursday, January 24, 2019

A New Year – Take Time to Review your Estate Plan

When was the last time you reviewed your estate plan? 

Once you have completed estate planning documents, it is easy to move on and forget to come back to them for updates.  Periodically, it is a wise to review your estate plan to ensure your documents reflect your current wishes.  This is especially true if you have had a significant life event occur since your documents were created. 

Some life events that may require an update to your will or trust include, but are not limited to:


Read more . . .


Friday, December 21, 2018

Family Business: Preserving Your Legacy for Generations to Come


Your family-owned business is not just one of your most significant assets, it is also your legacy.  Protect both by implementing a transition plan to arrange for transfer to your children or other loved ones upon your retirement or death.

More than 70 percent of family businesses do not survive the transition to the next generation.  Ensuring your family does not fall victim to the same fate requires a unique combination of proper estate and tax planning, business acumen and common-sense communication with those closest to you.  Below are some steps you can take today to make sure your family business continues from generation to generation:

  • Meet with an estate planning attorney to develop a comprehensive plan that accounts for issues related to both the transfer of your assets and estate taxes.
    Read more . . .


Friday, August 3, 2018

Preparing Your Family for an Emergency During School Hours


Every family should establish a clear plan to handle an emergency that occurs during school hours.  Unfortunately, many parents mistakenly believe that filling out the school’s emergency card is sufficient.  Sadly, this practice falls far short of what is truly necessary to protect your children in the event something tragic happens to you during the school day.

The emergency card only gives permission for certain named individuals to pick up your children if they are sick, but does not authorize them to take short-term custody if one or both parents are killed or become incapacitated.  Without having alternate arrangements in place, children in this situation would likely end up spending at least some time with social services.
Read more . . .


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The Dean Law Firm, PLLC assists clients in Sugar Land, TX and throughout Houston in Fort Bend County and Harris County.



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