Search Results

Have you ever wondered what happens when someone dies without a will? want to worry about when grieving is obtaining letters of administration if your loved one passed away without to an individual or individuals to manage the financial affairs and assets of someone who has died without When someone dies without a will, the responsibility of distributing their estate falls on those left Challenges With Obtaining Letters of Administration When a person dies without leaving a will, it can

The Huffington Post’s recent article, “The Consequences of Dying Without a Will,” discusses some general Married with children: When a married person with children dies without a will, everything that is “jointly owned” automatically goes to the surviving co-owner (typically the spouse or child) without probate. Reference: Huffington Post (March 28, 2016) “The Consequences of Dying Without a Will” #Court #HoustonEstatePlanning #Inheritance #Wills

This blog will explore what happens if you die without a will in Texas, state intestacy laws, and the Dying Without a Will: Understanding Intestate Succession Laws in Texas In Texas, when a person dies without In addition, dying without a will in Texas could result in higher estate taxes being owed. What Happens to Property When You Die Without a Will? Without a will, the probate court decides who will care for your children and their assets.

The good news is, there are ways to transfer your property to someone else, without risking your Medicaid If you have questions about how you can transfer your property to a loved one, without risking your Medicaid

This is especially true for people without long-term care insurance. Without a plan, care costs can drain your savings, even if you have long-term care insurance through This includes setting up powers of attorney, living wills, and potentially trusts. Powers of Attorney and Living Wills Powers of attorney and living wills let you choose someone to make

No formal administration is needed in these situations where the decedent died without a will and the The decedent must have died without a will or with a will that didn’t include any real personal property After a hearing in court (without administration) the court will declare the identity of the heirs of

Unlike your will, this list can be as long as you like, and you can change it without having to go back

regarding treatment, parents may have trouble accessing medical records or making health care decisions without Without a power of attorney, a judge may decide who the agent is. Recently, Anton Yelchin, a 27-year-old actor in the new “Star Trek” films, died without a will. estate plan” #Guardianship #ProbateAttorney #ProbateCourt #MedicalPowerofAttorney #PowerofAttorney #Wills

Dying can take a large emotional and financial toll on loved ones. Kiplinger’s recent article, “7 Ways to Slash the Cost of a Funeral,” reports that the median cost of a funeral is roughly $8,500, according to the National Funeral Directors Association. That includes embalming, viewing, a hearse, a metal casket, a vault and other related services. The price, which has increased 29.3% in the past ten years, could be a shock to grieving heirs and may take a hefty chunk out of your estate. That $8,500 price tag doesn’t include common cemetery expenses like a burial site, marker, paid obituary and flowers. Also, that is the middle price—some funerals can cost over $25,000. You can prepay for your own funeral to save on some expenses, but you may want to reconsider prepayment. There are better ways to set aside cash for a funeral, such as reducing funeral costs. Let’s look into this further. Shop around. Licensed funeral homes are required by law to give you a General Price List, or GPL, which is a breakdown of funeral expenses. Ask for a copy if it isn’t offered. Also, funeral homes are required to provide pricing information by phone. Create a budget. With all of the emotions and grief, families can rush into a decision, which can mean unnecessary costs and additional stress. Develop a budget and hold firm. Reputable funeral directors will either work within the budget or recommend a funeral home that can. Think outside the box. The median price of a metal casket sold by a funeral home is around $2,400, and the high-end ones can reach five figures. However, you don’t have to buy a casket from a funeral home, and the funeral home must accept a casket purchased elsewhere—even online. They also can’t charge you a handling fee for receiving a casket purchased somewhere else. Consider cremation. The median price of a funeral with a viewing and cremation is about $6,000—as opposed to $8,500 for a comparable funeral with burial. This expense can be cut further by declining the cremation casket (median funeral home price: $1,000). Funeral homes are required to offer inexpensive alternatives to cremation caskets, like simple containers. You can also supply your own urn and save another $300 or so. Skip embalming. Preserving the body with embalming isn’t a requirement for every death, but many funeral homes will require embalming if there’s going to be a public viewing. However, if a service is held within 24-48 hours with no public viewing, embalming may not be necessary. Even if the service can’t be held right away, refrigeration may be an acceptable alternative to embalming in many states. The median cost of embalming is $695. Make it a simple service. The median charge to use funeral home facilities and staff for a viewing and ceremony adds up to $915. If you really want a funeral home service but can’t afford the full deal, funeral directors will usually work with you to cut corners. You don’t have to buy a funeral home’s complete package. Just pick the goods and services that fit your budget and needs. A cremation memorial service could be held elsewhere for a lot less. Give your body to science. There are several companies that act as an intermediary for whole-body donors and labs doing medical research. For donors accepted by one of these programs, the costs are covered for cremation, transportation and the filing of the death certificate. The cremated remains are returned to the family at no cost within a few weeks. Reference: Kiplinger’s (July 5, 2016) “7 Ways to Slash the Cost of a Funeral” #EndofLifePlanning #FinancialPlanning #FuneralPlanning

Lincoln Have in Common,” that the purple rock royal joins a pantheon of famous people who left the world without Harris a century ago in his often-cited history of wills. The sum would be worth at least a few million dollars today—a lot of money to pass without a will. Many men of wealth and distinction die without a will. Don’t you be one of them. Lincoln Have in Common” #AssetProtection #EstatePlanningLawyer #Probate #ProbateCourt #Inheritance #Wills

stuff after someone dies depends on many factors, and one of the biggest is whether he or she dies without

Texans who are considering if they need a will should know what happens to their property if they die without the widowed spouse, all community property is given to the widowed spouse if the deceased spouse dies without When people die without a will, their property is transferred according to the law, and nobody has any Also, when people die without having created a will, their assets will be frozen for a period of time An experienced attorney can help with a variety of estate planning needs like wills, trusts, asset protection