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It can be even more complicated if one spouse has more assets than the other. Pew Research Center in 2013 found four out of ten new marriages included at least one partner that had This is used a lot with higher net worth couples when at least one of them has been married before. This makes it easier for people to grasp their importance and agree to sign one, especially in second

not to say that estate planning is not important for everyone, rather that women are more often the ones There are plenty of reasons for this, but one of the most obvious is the fact that women typically live Not only are women more likely to inherit their spouse’s estate, but they are also the ones who are going Houston draw up a statutory durabale power of attorney to avoid trouble for yourself and your loved ones

The role of trustee is an important one, and if you have never served as a trustee before, you may be the trust- The trust will have all the information you need to carry out the wishes of your loved one No personal finance dealings with the trust – This one may seem obvious, but it should still be stated

estate owned by a person does go through the Harris County probate court following the loss of a loved one Life insurance is one such example where payouts go directly to the beneficiary. assets so that none of them have to go through probate—even if the assets you are leaving to your loved ones

Advanced planning is one of the smartest things that you can do to ensure that your small business meets · Do partners need to buy your family out of the business or does ownership transfer to one of these It’s not unusual for a small business to implode after an owner’s death, not because there was no one

Has one of your kids grown to not handle money appropriately? Do you now have grandchildren? You should always meet with an estate planning and elder law attorney to discuss which options are available to you to best protect your loved ones. Most of the time, people do not want their ex-spouse to be the one making the decisions for them. important to note that revoking your existing documents prior to making changes and signing your new ones

The “getting-to-know-your-goals” talk shouldn’t be a “set it and forget it” one-time conversation. time, especially after important life events, like the birth of a grandchild or the death of a loved one EstatePlanningLawyer #CaringforParents #ProbateAttorney #ParentsFinances #PlanningfortheFuture #PowerofAttorney #ElderLaw

One thing to note is that if assets are placed in a revocable or living trust, they cannot be controlled beneficiaries of an estate should be updated on the status of their benefits in the event of a loved one Speak With an Attorney About Probate and the Settlement Process If you recently lost a loved one and could acquire all needed documentation, evidence, and information to ensure a recently departed loved one

This article is based on a conversation by Kim Hegwood, estate planning and elder law attorney, and Ruth The Signs That a Loved One May Have Dementia Many people tend to see a loved one misplace their keys There’s this reassurance I have seen over the years where elders who are deep into dementia develop really You don’t get that one-on-one with a caregiver, no matter how good the caregiver.” To schedule a strategy session to discuss estate planning or elder law, call our office at (281) 218-

It’s a daunting task but an important one. That is where a special needs letter of intent comes in. planning lawyers have put together a guide to walk you through everything there is to know about creating one Here are the four steps you can take to create one: Gather information — The first step is to gather Contact us today for a one-on-one consultation.

Pablo Picasso: “One of Picasso’s lawyers told me he urged the artist many times to make a will but that A way of avoiding death, one might say,'” wrote an estate planning attorney. Don’t you be one of them.

At Your Legacy Legal Care™, we understand how difficult it is to lose a loved one. last thing you want to worry about when grieving is obtaining letters of administration if your loved one We can help you navigate the legal process of handling a loved one’s estate that didn’t leave a will. This document is issued by the court when there is no executor named in the decedent’s will if one exists you’d like to create an estate plan or you need help getting letters of administration for a loved one