Many think that estate planning is only for the ultra-wealthy, but that is simply not the case. If you have assets, you have an estate. If you have an estate, you need a plan. For assistance, please don’t hesitate to contact our Texas estate planning attorneys by sending us a message or calling (512) 410-0343 today. Below we will...
Continue ReadingProbate (noun): the process of winding up the affairs of a person who has passed away. The concept of probate can be confusing to clients (and even attorneys). In simple terms, probate is a lawsuit filed against yourself after you die – paid for with your own money – for the benefit of your creditors. If you have any questions...
Continue ReadingAs you may know, Texas is a community property state. This means that Texas law differentiates between community property, which belongs to both spouses equally, and separate property, which belongs to one spouse. In general, property acquired during marriage is community property. Separate property consists of anything one spouse owned before marriage, property acquired by one spouse by gift or inheritance,...
Continue ReadingThe “laughing heir” (one who inherits property and laughs all the way to the bank because his relation to the deceased is too distant to warrant grief) is a common conceit in television and movies. A woman opens the mail to find a letter explaining that one of her long-lost relatives has died and, as the relative’s only surviving...
Continue ReadingMost people don’t spend much time thinking about planning their estate. It’s complex, daunting, and quite boring. (Editors’ Note: We actually find estate planning incredibly fascinating! But we understand that’s not normal.) Here are some of the top excuses people make for not devising an effective estate plan… Estate planning is for wealthy people. This is a common misconception...
Continue ReadingMany people assume estate planning is only necessary for wealthy families, business owners, or people with large investment accounts. In reality, estate planning is important for ordinary Texans who want to protect their loved ones, make their wishes clear, and avoid unnecessary stress during an already difficult time. Even if you do not consider yourself wealthy, a basic estate...
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