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Friday, September 25, 2020

What Happens to My Estate if I Die Without Heirs?


What happens to your estate if you die without heirs in Texas will depend on whether you had estate planning documents or not. If you had a will or living trust agreement, your money and assets would get distributed according to the terms of those papers. If you did not have a will or living trust, you are intestate, and our state’s intestacy laws will determine who gets your estate.

Although it is rare, it is possible for the state of Texas to get everything that you left behind through intestacy. A Read more . . .


Thursday, September 24, 2020

What Are the Rights of a Trust Beneficiary in Texas?


The rights of the beneficiary of a trust in Texas will depend on the language of the trust and our state’s statutory and case law. Generally, the terms of the trust document will take precedence over the statutes about the duties of the trustee and the rights of the beneficiaries, but the Texas Trust Code sets some hard limits about how far the trust document can deviate from the statutes. Also, the type of trust and the type of beneficiary will affect the beneficiary’s rights.

If you have questions about the rights of a trust beneficiary in Texas, a Read more . . .


Thursday, August 20, 2020

Medicaid Planning: 3 Things You Should Do Right Now


The costs of nursing home and long-term care can be staggering, leaving many Texans to wonder if they have enough resources to see them through their final years? Rest assured, there are ways to receive government assistance without draining your life savings.

With a little planning and the expertise of a Texas Medicaid planning attorney, you can qualify for the help you need from Medicaid.

3 Things You Should Do Right Now to Qualify for Texas Medicaid

1.
Read more . . .


Monday, August 17, 2020

What Are Spousal Lifetime Access Trusts (SLATs)?


Trusts offer many advantages: avoiding probate, managing distribution of assets, and ensuring that your wishes are carried out after your death. However, you might wonder if there are any benefits trusts provide to the living? The short answer is “Yes.”

Texas trust attorneys have been working diligently to advise clients about the merits of Spousal Lifetime Access Trusts. Read more . . .


Monday, July 27, 2020

5 Things You May Not Know About Special Needs Trusts in Texas


Garden-variety estate planning will not get the job done when you have a child with special needs. You want to provide financial security for your child’s future, but if he inherits assets directly from you when you die, he might lose his eligibility for public assistance programs like Medicaid and Supplemental Security Income (SSI). Losing those benefits could cost him far more than the amount you give him in your will or through intestacy.

Estate planning laws in Texas and other states created a specialized type of trust that addresses this problem.

What You Should Know About a Special Needs Trust

A Special Needs Trust, also called a Supplemental Needs Trust, lets you arrange for some financial means for your child without jeopardizing his access to government benefits.
Read more . . .


Thursday, July 23, 2020

Estate Planning for Single Parents - You Should Be Doing These 3 Things


Every parent should develop a complete estate plan to provide for and protect their children in the event that the parent dies before the child grows up and moves away from home. If you are living with the child's other parent, it is unlikely that the child will have to move away from the home, change schools, and adjust to a new neighborhood. For a single parent, there is no such safety net for the child.

Whether the relationship with the child's other parent ended through divorce or death or the other parent never was involved in the child's life, a single parent needs to provide far more protections for the child than a couple would need to arrange. There is not enough space here to cover all of the issues that a single parent needs to address in the estate plan.
Read more . . .


Thursday, June 25, 2020

4 Things to Know About Incapacity Planning


College plans. Retirement plans. Estate plans. At every corner, it seems like there is something to plan. For most, planning ahead for life’s changes offers security that we are taking care of ourselves and our loved ones through advanced preparation.
Read more . . .


Monday, June 22, 2020

Is Your Post-Traumatic Stress Disorder a Disability?


SSDI claims involving emotional disorders are some of the most difficult and complex cases that a Texas social security disability attorney handles. The Social Security Administration (SSA) can approve individuals for disability benefits based on emotional disorders. However, the process can be frustrating because individuals are required to prove that the emotional disorder is so severe that it prevents them from working.
Read more . . .


Monday, May 18, 2020

Are Pet Trusts Available in Texas?


Yes, Texas law does allow people to plan for the care of their pets through pet trusts and other estate planning tools. A Texas pet trusts attorney can help you create the right documents to ensure that your beloved cats, dogs, and other pets will have the care they need in the event of an emergency and down the road, if your pets outlive you.

Pet Trusts in Texas

You have the option to provide for your pets in a traditional trust or a special type of legal device called a statutory pet trust.
Read more . . .


Friday, May 15, 2020

How Can I Transfer My Assets to Charity When I Die?


Texans give generously to others during life and through their estates when they die. If you want to support charities as part of your estate plan, you have several options. The best choice will depend on several factors, like the type of asset that you wish to leave to the charity. One or more of the possible options will likely be a good fit for your wishes and circumstances. A Read more . . .


Friday, April 17, 2020

Using Trusts for Minors in Estate Planning


Minors cannot receive inheritances or property. Therefore, it is important to include provisions with an estate plan for a minor’s interest. Trusts are excellent tools for managing a minor’s interest in an estate until the minor is an adult. A


Read more . . .


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