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After putting it off for as long as humanly possible, you’ve finally completed and implemented your estate That once perfect estate plan may not be a “10” any more. It could be a change in: Estate valuation: The value of your estate may have changed significantly, his or her mind about serving, you must revise your estate plan and replace that person. #Guardianship #EstatePlanningLawyer #WillChanges #Inheritance #Wills #Trusts

In Texas, to create a proper estate plan, you must have the necessary mental capacity to execute a legal Is there an already established estate plan in question that concerns you?  a valid will or estate plan. An invalid will or trust can be challenged by a family member who believes they have been wronged by Our estate planning attorneys understand the intricacies of trust and estate planning in Texas and can

Trusts are legal arrangements that allow you to transfer ownership of your assets, including real estate In this article, our Houston estate planning attorneys will explore these benefits in more detail so estate and eliminate estate taxes after you pass away. according to your estate plan. Work With an Experienced Estate Planning Attorney To Put Your House in a Trust When creating a trust

So, does this really circumvent the need for wills and trusts administration? Working with a wills and trusts lawyer in Houston has other benefits, too. Many people also appreciate the fact that certain kinds of trusts can save the estate and your beneficiaries Estate taxes are controversial, to say the least, and putting together wills and trusts can help avoid While it is reasonable to consider using the payable-on-death option or beneficiary designation, an estate

Creating a trust just might be the solution to help your family manage those expenses. through an irrevocable trust. Under an irrevocable trust, a trustee is named to manage the fund. But the trust also helps enable you or your loved one become eligible for Medicaid. Call An Estate Planning Lawyer to Protect Your Assets from Medicaid Advanced estate planning is pertinent

As a Houston will and trust lawyer, I can confidently say that estate plans are not one-size-fits-all client’s child was unable to properly handle their finances , and the parents preferred to set up a trust This is a danger and a huge reason for working with a Houston will and trust lawyer to ensure that your estate is properly distributed when you pass away.   

may be many folks who’ve continued to rely upon their outdated, pre-2013 estate plans. tax exemption, credit shelter trusts were used by married couples to fully use their two estate tax As a result, those assets would pass without estate tax to his or her heirs. The assets that the surviving spouse owned outside of the trust would also pass without estate tax up For many, a credit shelter trust isn’t necessary for estate tax purposes.

A big benefit of a prenuptial agreement is that it frequently can mesh with a person’s estate plan—including life insurance, wills, trusts, retirement plans and beneficiary designations. When that person dies, the money from the trust is distributed to the children of the first spouse who is restricted to death while a prenuptial agreement covers the possibility of a divorce as well as estate Prenuptial agreements have a negative connotation, but think of them as an estate planning tool—not a

NJ 101.5’s recent article, “What probate means for your estate,” explains that the probate court will This gives the executor the authority to administer the decedent’s estate. into their trusts. The decedent’s estate is administered as intestate by the statutes. #Wills #Trusts #estateplanning

bringing into the marriage—such as a business, big-time investments, or rental property—speak to an estate If that’s the case, you need to talk with a qualified estate planning attorney to draft a prenuptial While you’re at it, put all other estate planning documents in place, like a will, trusts, powers of Make certain that you talk with a qualified estate planning attorney. #AssetProtection #Will #PrenuptialAgreement #PowersofAttorney #HealthCareDirectives #Trusts #estateplanning

One of the tasks an estate lawyer in Houston may handle is estate planning for children with disabilities The best course of action for a parent of a disabled child is to speak to an estate lawyer in Houston An SNT makes sure that your child benefits from your estate without making them ineligible for SSI or Estate planning is complicated enough, but trying to do your best by your child can make your head spin An estate lawyer in Houston can create a third-party SNT for your child with disabilities.

In order to create a comprehensive estate plan, it helps to be familiar with your state’s laws and regulations The Lone Star State presents a number of unique challenges when it comes to estate planning. This makes them an invaluable tool for estate planners. Kids play a role, too; spouses and children usually split the estate evenly. thorough estate plans.