Texas Estate planning is a good idea, one that you need to start thinking about right now. It will avoid future problems by having some sort of plan set in place. Avoid inner family fighting of who gets what, and don’t let the state be the one to separate your assets to your family. Preplan now, learn about writing a will and have it all set up.
Make sure you use the power of attorney option; it will help in case you become incapacitated and need help with setting up things. You can not only have that person deal with the IRS, but have them gift to people so they have items you want them too. Or they will be able to create and amend trusts that you need to have set up for your estate planning. All these things should be done by a power of attorney that you trust. You don’t want to give this power to just anyone out there, pick a close friend if you can.
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