Estate planning should be at the top of everyone’s to-do list. However it can be an overwhelming topic to dive into if you are unfamiliar with the language. So—to help you get situated, here are some estate planning terms you should know as you think about your estate plan.

“Who Will Inherit My Assets if I Die Without a Will?” This is a question I often get from clients. In the state of Texas, if you are survived by your family and do not have an estate plan, the state divides your assets based off of something called Intestate Distribution. Intestate Distribution is

I haven’t had time to get around to it” “I don’t have enough assets to leave anyone” “Estate Planning is too expensive” “I don’t know how to get a will or living trust” Have you ever caught yourself saying any of these things when trying to reason with the fact that you still haven’t

For someone with one or more businesses, real property, or personal property, trusts can be a valuable tool. So, what is a trust? A trust is an estate planning tool used to manage your assets during life, after death, and to replace [or supplement] a will.