Fall is Time for Estate Planning

Fall is Time for Estate Planning

Our long, hot summer is now over and while we look ahead to the holidays,  it is a good time to think about your future and, if you have children, their future. Do you have a Will? Does your Will reflect your current family situation? Have you already planned for the…

Legal Incapacity Documents Defined

Most clients know that they need a Power of Attorney in the event that they become incapacitated, but many do not know what other documents they need.  Still others are not aware that these documents are only effective during their lifetimes– when you die, these documents do as well.  Every…

Choosing the Executor, Trustee and Guardian for your Estate Plan  

When starting the Estate Planning process, I ask clients to think about their “People of Interest” and alternates.  We discuss the roles of Executor, Trustee and Guardian and the qualities the persons serving these roles should possess. The Executor is the person named in a Will who will follow the instructions…

ABCs of Texas Business Entities

Texas has many options for those seeking to start a business here. Some things you may want to consider when forming your business are the levels of liability protection and the tax implications of the type of entity you choose. Some of the most common types of business entities in…

Trusts vs Wills, which do you need?

Trusts vs Wills, which do you need?

You may have heard that trusts are better than wills, or vice versa. Both estate planning tools are used to distribute assets and property, and each has its advantages and disadvantages. Some of the differences between Wills and Trusts are highlighted below: Privacy: Once filed with the county probate court, a Will becomes…

What happens if I die without a will in Texas

Intestate succession is the process by which the assets are distributed for someone who died (decedent) without a Will.  In Texas, that process is governed by the Texas Estate Code. Judge Herman of the Travis County Probate Court created an Intestate Chart that helps to illustrate this discussion. Unmarried Person:  Property owned at death would first pass…