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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 . . .


Tuesday, April 14, 2020

Texas Disability Hearing Statistics That Will Shock You


If your application for Social Security Disability (SSD) or Supplemental Security Income (SSI) benefits got denied or you received less than you think you deserve, you can challenge the decision and request a hearing. The Office of Disability Adjudication and Review (ODAR) conducts the hearings at seven different locations in Texas.

Although Texas law does not force you to work with a Texas Social Security attorney, it can be a smart decision to do so.
Read more . . .


Tuesday, March 17, 2020

Social Security May Use Your Social Media Posts to Deny Disability Claims


The Social Security Administration (SSA) already uses Facebook and other social media feeds selectively if they suspect fraud in an individual’s application for disability benefits. The SSA might start using this tactic routinely or regularly when evaluating claims. A Texas social security disability attorney can help you navigate through the Social Security disability benefits process, from the initial filing through appeals of the denial of benefits.
Read more . . .


Friday, March 13, 2020

Three Things You Need to Know About Transfer on Death Deeds in Texas


Texas allows you to automatically transfer property upon your death without those items having to go through probate if you prepared and signed a Texas Transfer on Death (TOD) Deed. This document works like a TOD designation on a bank account. A Texas estate planning attorney can draft a TOD deed for you and answer your questions about how to use this legal vehicle in your estate plan.
Read more . . .


Tuesday, February 18, 2020

Two Things You Can Do Now to Avoid Conservatorships


In Texas, a conservator (also called a guardian of the estate), handles another person’s financial matters, like paying the bills and managing the investments and other assets of the person. If an illness or injury leaves you unable to make decisions for yourself or communicate those choices, you are incapacitated.

In that situation, your family will have to go to the probate court and get a judge to declare you incompetent and appoint a conservator to take care of your financial issues. A Read more . . .


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