Children

Did you know that you are no longer the legal guardian of your 18-year-old son or daughter?  Eighteen is the age of majority in Texas, meaning that at age 18, young adults are presumed competent to make decisions about health care, finances, and other important areas of life. What does that mean for your child graduating from high school?  For one thing, it means that you are not able to...

Many families are blessed with a child (or adult) who happens to have a disability. There is obviously some concern regarding that loved one’s care and standard of living once a parent or other caregiver is no longer able to provide for them. SSI and Medicaid Supplemental Security Income (SSI) and Medicaid can help, but they are limited and require the disabled person to have very depressed levels of assets and...

With so much disagreement nowadays, here is one thing we can all agree on: Leaving money outright to a minor child is a really bad idea. It is such a bad idea, in fact, that most judges will take extraordinary steps to tie up the money for as long as the law permits rather than see it be squandered by a shiftless parent, guardian or 18-year old. So if there is universal...