What Happens to Your Digital Assets When You Die?

Many people think of digital assets in terms of bitcoin or other digital forms of currency. However, this term encompass a wide variety of accounts, including accounts related to banking, shopping, entertainment, emails, and social media. Unfortunately, without an estate plan, these assets could be lost forever. A Texas estate planning lawyer can...
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Are Inherited IRAs Safe from Creditors?

Federal bankruptcy exemptions and most state bankruptcy exemptions protect most retirement funds from creditor claims. Many states also have laws protecting retirement accounts from creditor claims outside of a bankruptcy case. However, an inherited IRA may not always qualify for the same protection from claims. A Texas estate planning attorney can help you...
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If I Have a Living Trust, Do I Still Need a Will?

A living trust can be a valuable estate-planning tool that can meet many of your estate-planning goals and needs. With a living trust, you can protect assets, avoid probate, reduce the taxable value of your estate, and provide for loved ones. A living trust may also provide other benefits depending on your situation and...
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How Can a Family Limited Partnership Help Me?

A Family Limited Partnership (FLP) is a valuable estate planning tool for many individuals and families. An FLP is not limited to wealthy individuals and high-net-value estates. With an FLP, you can accomplish many of the estate planning goals that are important to you with one estate planning vehicle. A Texas estate planning...
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What is a Holographic Will?

A will is one of the basic estate planning documents that every adult should have to ensure their final wishes are carried out after their death. Also, a will prevents the State of Texas from deciding how to distribute a person’s property after that person’s death. An individual may want to consult a
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How Long Does Probate Take?

Many different factors will affect how long probate will take in Texas, but the short answer is that probate is not usually a fast process. Probate involves many steps, and each phase can take weeks or months, even years. To determine how long your loved one’s probate process will take, you must speak with...
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Can I Create a Trust for my Pet?

For many people, their pets are a member of their family. They refer to them as their “four-legged children” or their “fur babies.” For many individuals, planning for their pet’s care after their death is an import element of estate planning. However, pets cannot inherit money or property. Therefore, if you want to provide...
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