by Elizabeth Christian
Texans who die without a will can leave chaos in their wake—problems that could have been avoided if they had made good plans for their estates. But when many people hear the word “estate,” they think, “Well, that rules me out. I don’t have an estate—I just have a house and some cars and a little retirement fund.” But forget mansions and big lawns; under Texas law, what you own, no matter how modest, is an estate.
The Covenant Presbyterian Foundation, whose mission is to provide long-term sustainability for Covenant Presbyterian Church, is embarking on a program to educate our members about being good stewards of their finances. Our hope is that you will see something in this very brief article that will lead you to seek expert advice if you feel you need it.
How do you find a professional advisor? The best way to start is by asking other Covenant members which attorneys, financial advisors or accountants they use and finding out if they would recommend them. Other sources, including the State Bar of Texas and the Austin Bar Association, can point you in a good direction.
Here are just some of the issues you may wish to consider:
In the upcoming months, we’ll look at each of these issues and more. We’re eager to hear from you and welcome suggestions on future articles