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These can be religious, moral, political, or personal. How closely does this person know you and your family? Are your kids comfortable with him or her? Also, you’ll want someone who can provide a sense of continuity in discipline and personal responsibility They don’t have to be the same person. Nonetheless, it’s important that the guardian of the person and the guardian of the estate get along

you might be sued because of your line of work, we can help you set up an LLC that will shield your personal issues are the number one reason couples fight, so getting them out into the open relieves a lot of tension

One of the important things an estate plan does is ensure that the deceased person’s creditors are paid companies: A $55.9 million townhouse in Manhattan, A $17.2 million ranch in New Mexico, His Palm Beach mansion Automobiles and Boats” worth $18.5 million and “Fine Arts, Antiques, Collectibles, Valuables & Other Personal

Many people believe that, unless they own huge sprawling mansions or complicated trust funds, they have In order to get the most out of the session, your attorney needs to understand what your ‘estate’ is We are passionate about advising you through the estate planning journey using real language for real

Qualified Personal Residence Trusts. A qualified personal residence trust will freeze the value of the property for gift-tax and estate-tax

First of all, probate is the name of the legal process that takes place to distribute a person’s estate The majority of the assets left behind—houses, vehicles, money, personal property, retirement accounts If the deceased had a will, he or she will likely have chosen the person they want to fulfill that role This person will work closely with the probate lawyer throughout the process.  With the mention of this article, we will be happy to offer you a consultation.

In some cases, there is a designated adult to help keep things on track, although this person must be In the case of a “custodial” account, the person in charge can have a lot more say in how the money is With a trust, however, the person in charge (the “trustee”) is held more accountable and is required To schedule a planning session, call us at (281) 885-8826 and mention this article.

administrative purposes but separated into accounts based on the individual’s contributions for the disabled person Unlike a Special Needs Trust, a Pooled Trust account can be created for a person with disabilities of contact our Houston special needs and elder lawyers to schedule a complimentary consultation with the mention

There’s also a mortgage insurance premium upfront and every year thereafter, not to mention fees to servicers

In addition to the documents mentioned above, the Cool Kids are smart enough to also leave important contact info; Bank and investment brokerage account numbers; Insurance account information; and Specific personal

A living trust is less likely to be contested, mainly because the person creating the trust will often Protecting Your Privacy As mentioned above, the probate process is public.

C-corporation, LLC, or LLP is often a much better choice, because it can help to keep your business and personal This protects partners and shareholders, and can even have an impact on your personal life and finances Legal direction is necessary for ensuring that all parties are treated fairly, not to mention for understanding