You may know that estate planning is crucial to provide for your loved ones and protect your legacy after you pass. Unfortunately, many people make costly mistakes during this process. These common estate planning mistakes can lead to delays in asset transfer, financial losses, legal disputes, and conflict between your loved ones. At Massingill, we help our clients simplify complex...
Continue ReadingDecanting a trust is a novel and increasingly popular approach to altering an irrevocable trust. But what exactly does it entail? At Massingill, we pride ourselves on bringing clarity to all kinds of estate matters. We especially enjoy unraveling particularly complex topics like trust decanting. If you want to learn more about decanting a trust, then you’ll want to read...
Continue ReadingWhen a loved one dies without a will, distributing their estate can add even more hardship to a grieving family. In most cases, the decedent’s estate will go through a probate process involving lengthy delays and court oversight. Fortunately, there are some methods heirs can use to receive the decedent’s property without going through probate. A Texas affidavit of...
Continue ReadingA well-written contract establishes clear expectations and protects the interests of all parties involved. Disputes, however, can arise even with the best contracts, and they often must be settled legally. Such contract disputes can be complex challenges that, if handled improperly, can have a huge negative financial impact on any individual, business, or organization. Let’s take a closer look at the...
Continue ReadingWhen a person dies in Texas, their estate must be settled and distributed among their heirs. An estate is just a fancy word for describing all the things that a person owns, including their cash and investments. When lawyers talk about “probating” an estate, they simply mean settling the estate against any outstanding debts and liabilities. Whether a person...
Continue ReadingIn the Lone Star State, a will is a testament to an individual’s wishes for their assets, loved ones, and legacy. One day, you might find yourself in a situation where you must access a copy of a will. Maybe you’re a beneficiary or an executor. Or perhaps you’re simply a family member seeking clarity. Whatever the case, the...
Continue ReadingEstate planning is essential to providing for your loved ones, protecting your assets, and ensuring your wishes are fulfilled after you are gone. Yet, many are unsure when to start estate planning. While many believe it only becomes necessary later in life, beginning the process somewhat earlier offers significant benefits. At Massingill, we offer estate planning services to meet your...
Continue ReadingYou’ve decided to start crafting a legacy to protect your family’s future. It’s more than drafting documents—it’s about ensuring peace of mind for your loved ones. Choosing the right estate planning attorney is critical to transforming uncertainty into security. Now, you want to know how to find an estate planning attorney. We have you covered. At Massingill, we’re here to...
Continue ReadingYour family is grieving a loss, only to face a complicated legal process—probate, to access your assets. Without a clear plan, probate can drag on, adding unnecessary stress during an already difficult time. You’re probably wondering how to avoid probate in Texas. You can do so entirely with proactive steps, ensuring your loved ones avoid this frustrating ordeal. This...
Continue ReadingYou’ve decided to take charge of your future and protect your family by creating an estate plan. But as you review the associated costs, you may wonder: Are estate planning fees tax deductible? This is a common question for Texas residents who want to plan wisely for their legacy and finances. In this blog post, we’ll break down the...
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