What is Probate Litigation?
Probate litigation occurs when there is a dispute about who should be in charge of an estate or how distributions are made. Probate court is also where you file for guardianship. Guardianship often generates litigation because people will fight over who has control of the ward’s money. What is the “Will Contest?” A will contest…Read More
What’s the Difference Between Power of Attorney and Guardianship?
Our goal is to draft the appropriate documents to avoid any future guardianship. A power of attorney is one part of that plan, but setting up a trust for your assets may be another part of that plan. A guardianship is one of the more expensive court procedures if it is contested in any way.…Read More
What is Incapacity Planning?
With the excellent improvements in medical technology, it is reasonably likely that you will live longer. Even though it is more likely now that you will survive a major car accident and that you will live to a ripe old age, it is also more likely that you will become unable to handle your own…Read More
What is an Asset Protection Trust?
An asset protection trust can be drafted in many different ways for different situations. Generally, a trust can have asset protection qualities when it refers to certain statutory protections, contains properly drafted spendthrift provisions, and/or contains proper designations of trustees for discretionary distributions. Will I Lose Control of My Assets? We design trusts so that…Read More
What is Asset Protection Planning?
There are several levels of asset protection. You can protect your own assets from your own creditors. Also, you can plan to protect the assets that will be distributed to your beneficiaries. There are also several tools used for asset protection. Forming a corporation or LLC is one tool used for asset protection. Holding property…Read More
What is Asset Protection and How Do the Laws Apply in Texas?
Planning for the Future Asset protection is protecting your property from lawsuits, creditors, and predators. Obviously, people want protection from lawsuits, but that is a relatively rare event for most people. What many people don’t realize is that asset protection is also a means to protect the property that you will ultimately give to your…Read More
How Often Should I Update My Estate Plan?
It is recommended that you review your estate plan with your estate planning attorney each three to five years. Laws change often, and it is important to ensure that your end-of-life documents remain legally valid. Additionally, you should review your estate plan, including your will any time a life-changing event occurs. Which Life Events Warrant…Read More
Is A Revocable Transfer On Death Deed Valid In Texas?
A law recently took effect in Texas allowing property owners to record what is called a revocable transfer on death deed. This type of deed names a particular beneficiary, who will automatically own the property after the original owner dies. How Does A Revocable Transfer On Death Deed Work? A revocable transfer on death deed,…Read More
What Happens to My Property if I Die Without a Will?
The State of Texas Decides to Whom and How You Would Have Wanted to Give Away Your Property. If you die without a will or a trust, you might think you do not have an estate plan. However, everyone in Texas has an estate plan. It has been established by the State of Texas for…Read More
What Prompts Someone to Set Up an Estate Plan?
Many times, people come to us after they have had to deal with a death in their family. Some people were surprised how smoothly things went because their loved one had a trust that avoided probate. Those people immediately see the benefit of setting up a trust for that purpose and have contacted us to…Read More
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