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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

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

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

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

We have all heard stories of families that found themselves in a tailspin because a loved one passed Your loved ones will be relieved to know that your final affairs will be administered smoothly using If you do not designate someone, your loved one’s hands could be tied if you are incapacitated.

Operating a business as a married couple can present its share of challenges, but being devoted to one One or both spouses can be managers of the business if they have an active role in its day-to-day functions If one spouse owns the business and the other spouse is an employee of the business, the owner pays income This could come into play during a divorce, the untimely passing of a spouse, or if one of you simply If you are not co-owners, and one of you is an employee, you will need a contract that stipulates job

When a loved one dies, the last thing on people’s minds is what will happen to their joint bank account But if at least one party is still alive and holds legal ownership over the assets within an account, This means that even if there’s no formal agreement stating what should happen with the funds when one come with various rules and regulations for dealing with death: Rights of survivorship — Generally if one with a member of our Your Legacy Legal Care™ team to ensure your wishes are respected, and your loved ones

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-

hold responsibilities such as a 9-5 job, a mortgage/rent, a car payment, or anything else that makes one for holding down a job and paying their bills on time, but most people who use this term are leaving one adults have very few assets, creating a will that leaves instructions on what to do with any assets one Obviously more advanced planning documents may be necessary depending on one’s life circumstances.

This means they automatically pass on to the surviving joint owner upon one’s passing. This does not merely extend to requests that are overtly illegal but also to ones that may inadvertently both robust and reflective of your genuine intentions, ensuring peace of mind for you and your loved ones and informed professionals who are dedicated to safeguarding your future and the future of your loved ones Reach out to one of our offices in the Houston area and begin your journey of ensuring a legacy of care