Thursday, February 1, 2018

How Long Does the Probate Process Take?

When someone close to you dies, you have to deal with many issues, including the person’s estate. People in Texas are fortunate, because you might not have to go through the probate courts at all. If you do have to probate the will and the decedent’s estate falls within the guidelines for “independent administration,” the journey through court can be simple, with little official supervision.

If you have to take the estate through probate court with a dependent administration, it will take much longer than an independent administration.

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Friday, December 29, 2017

Important Considerations In Business Succession Planning

Do you know what will happen to your company once you are gone? Unlike corporations, which are typically owned by stockholders, small businesses must plan for what happens after the owner or owners retires or passes away. These small businesses, typically organized as sole proprietorships, partnerships, or limited liability companies, must decide how their business succession plans fit into their overall estate planning. Then, after consultation with a knowledgeable s
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Saturday, December 23, 2017

What is Muniment of Title?

Texas probate lawyers frequently use muniment of title proceedings to administer small estates quickly. If you have suffered the loss of a loved one, you might be considering the use of muniment of title to probate the will. If that is the case, you should consult with an experienced Texas probate lawyer.

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Friday, November 24, 2017

What Types of Guardianships are Available in Texas?

America’s founders established our great nation on the principle that all men are created equal.  But unfortunately, not all of us have an equal ability to exercise our rights.  Children, for example, are legally unable to speak for themselves, and many of our brothers, sisters, and parents live with conditions that limit their capacities to take care of themselves. Guardianships are an important tool for ensuring that these people enjoy the rights of being an American.

In Texas, guardianships are generally divided into two categories: guardianships of the person, and guardianships of the estate.
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Monday, November 20, 2017

What Kind of Power of Attorney Do I Need?

A power of attorney is a potent tool that allows a person to grant someone else legal authority to act on his or her behalf.  The person granting the authority is known as the “principal,” and the person receiving the authority is his or her “agent.”  But because powers of attorney are such powerful tools, it is particularly important to use the right tool for the right job when granting one.

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Wednesday, November 1, 2017

In Focus: The Difference Between SSDI and SSI

If you are injured or suffer an illness and cannot work you may worry about how you will earn a living or pay for your medical expenses. Fortunately, there are two disability benefit programs offered by the Social Security Administration: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). This article is a discussion of the difference between these disability benefits.

An Overview of SSDI and SSI

SSDI benefits are similar to retirement benefits in that the benefits are based on your work record. This means that you must’ve paid into the Social Security system and acquired a sufficient number of work credits.
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Sunday, October 1, 2017

Trusted Legal Counsel to Develop Your Estate Plan

As part of the estate planning process, you should consider a Power of Attorney. A Power of Attorney allows you to give another person the authority to act on your behalf. As the “principal,” you have several options as to what type of power you wish to grant your “agent.

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Tuesday, September 26, 2017

Trusted Estate Planning

An estate plan is so much more than a will. There are valuable estate planning tools that you can implement to meet the unique circumstances of your family. Take the special needs trust, for example.
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Saturday, September 23, 2017

Trusted Legal Counsel to Develop Your Estate Plan

As part of the estate planning process, you should consider a Power of Attorney. A Power of Attorney allows you to give another person the authority to act on your behalf. As the “principal,” you have several options as to what type of power you wish to grant your “agent.” Depending on what you are trying to accomplish with the Power of Attorney, the trusted estate planning attorneys at the Law Office of Carey Thompson, P.C.
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Monday, August 28, 2017

The Benefits of a Lady Bird Deed

Also referred to as an “enhanced life estate deed,” the lady bird deed is a useful estate planning tool that allows for the automatic transfer of property to a designated beneficiary upon death. It also has the added benefit of allowing you to retain full ownership rights of the property during your lifetime. It is very similar to the traditional life estate deed, but the added benefit is that you, as the property owner, can still sell, mortgage, or make other property related transactions without seeking the approval from the “remainderman” or “remainder beneficiaries.
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Friday, August 25, 2017

How do I form an S Corporation?

If you are thinking about starting your own business, you know that there are a lot of decisions to make. The first of which is what type of business structure you should have. Many small businesses consider becoming Subchapter S Corporations and for good reasons. This type of corporate structure can separate your personal assets from business liabilities, thus allowing you to protect your personal property. Additionally, an S corporation is not subject to the income taxes the Internal Revenue Service applies against C corporations.

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