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Estate Planning

Monday, March 18, 2019

Seven Essential Estate Planning Documents


Estate planning may not be a high priority for many people, but it should be for several reasons. A comprehensive estate plan helps you protect your property and provide for your heirs during and after your lifetime. Your estate planning documents also allow you to remain in control of important financial and medical decisions if you become incapacitated. Meeting with a


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Monday, March 11, 2019

What are the Most Common Types of Trusts?


People often use trusts as part of an estate plan. These arrangements can reduce your estate taxes and offer additional benefits that you do not get with a simple will. Trusts usually do not go through probate, so your beneficiaries might get to access the assets more quickly than they could through a will.

When you set up a trust, a third party, called the trustee, holds the assets as a fiduciary for the people you designate as beneficiaries. Because trusts are usually not filed with the court, the terms of your trust remain private.
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Thursday, February 14, 2019

Five Reasons You Should Plan for Incapacity


Many people consider estate planning as a way to ensure their wishes are carried out upon their death. However, estate planning also includes incapacity planning. Our Texas incapacity planning lawyers discuss reasons you need to plan for incapacity in this article, as well as the legal documents that can protect you and your family in the event you are unable to care for yourself or make financial decisions for yourself.
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Friday, January 25, 2019

What is the difference between a transfer on death deed and a Ladybird Deed?


Texas property owners have two options for transferring property to another person to avoid property. In addition to the Ladybird Deed, Texas lawmakers enacted laws creating a Transfer on Death Deed in 2015. However, each of these deeds has specific requirements and advantages. Before utilizing a Ladybird deed or a Transfer on Death Deed, you may want to consult a Read more . . .


Sunday, November 11, 2018

When Should You Review Your Estate Plan?

If you have a comprehensive estate plan, you are one step ahead of many people. However, drafting and executing an estate plan is only the first step in protecting your future, your family, and your property. You need to periodically review your estate plan with your Texas estate-planning lawyer to ensure the plan still represents your wishes and desires.

Furthermore, changes in your life, your financial status, and various laws may require modifications of your estate plan. Failing to review your estate plan periodically may result in your loved ones facing situations after your death that you tried to avoid by drafting an estate plan. All your hard work in developing a comprehensive estate plan could go to waste if you do not invest the time necessary to review the plan periodically.


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Saturday, October 13, 2018

5 Probate Mistakes That Can Cost You Dearly

When it comes to estate-planning, it’s usually a good idea to create documents that allow you to avoid probate. There are a number of really good reasons to avoid probate, from tax savings, time savings, and of course, privacy. However, there are times when probate is unavoidable, and when that happens, whomever is left to administer the estate needs to know how to proceed, so that critical mistakes aren’t made. For most people, using the services of an experienced probate lawyer saves them time, money and heartache.


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Wednesday, September 19, 2018

Seven Estate Planning Tips for Business Owners

Planning for your death or incapacitation may not be the most appealing task on your to-do list; however, it is very important to make time to work with a Texas estate planning lawyer, especially if you own a business. Failing to develop an estate plan can create serious problems for your family and your business. Your business is probably one of the biggest assets you own.


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Wednesday, August 15, 2018

How Does Divorce Affect Your Estate Plan?

When you go through a divorce, it affects virtually every aspect of your life—from your daily life to your long-term plans for the future. It also changes your legal obligations when it comes to your estate plan as well. In fact, you need to take steps to revise your estate plan, so it actually reflects your changed living situation.


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Friday, August 3, 2018

Six Things You Should Know About Charitable Giving and Estate Planning

For many people, supporting charities is an important part of their life. They prioritize donations to charities as part of their monthly and annual budgets. However, some people forget to plan for charitable giving as part of their estate plan. Because charities cannot be heirs of an estate unless they are named in a will or named as a beneficiary in a trust agreement, it is very important to discuss your charitable giving goals with your...


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Friday, June 22, 2018

What you Need to Know About a Power of Attorney

Estate planning is important for everyone, regardless of your financial situation, family status, or any other issue. Exerting control of how your final affairs will be handled is a benefit of estate planning. However, the goal of estate planning is to protect yourself, your property, and your heirs by utilizing estate documents and tools. One of the tools that our


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Monday, May 21, 2018

Can I Really Avoid Probate?

In Texas, the typical way to transfer assets to heirs after a person dies is through a probate court proceeding. If the deceased person has a will when he or she dies, his or her property should be distributed according to the terms of the will. However, when a person dies without a will, the probate court will oversee the distribution of assets according to the intestate laws in Texas. In either case, a Texas probate lawyer can assist heirs in probating the estate.

However, many people want to try to avoid probate because of the time and cost involved in probating an estate.


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