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It has become more and more common now to see clients come in with probate cases that need to be dealt own property in the state where they spend their winters, whether it is real property like a vacation home If possible, you should try to find an attorney who is licensed both in the home state of the deceased Some of the techniques Harris County probate lawyers use to get around an out of state probate include

Medicare: The First 100 Days Medicare will cover up to 100 days in a long-term care facility if you parent comes If your parent has long-term care insurance, check to ensure that it covers assisted living or home health medical and statutory durable powers of attorneys, and other estate planning documents to help take some It is never too late to come up with an estate plan and make your end-of-life wishes known to your family

, you might need someone besides yourself to start helping with household and personal tasks and/or home on your loved one’s emotional well-being, rather than being stressed about where money is going to come

The Lone Star State presents a number of unique challenges when it comes to estate planning. their share of assets or property to whomever they would like, but things can get complicated when it comes While John purchased the home himself, both he and Rebecca own 50 percent of the property under Texas Effective as of September 1, 2021, the new law allows trusts to be active for centuries to come. Of course, there are some exceptions to the rule.

Sheltering In some emergencies, an individual with disabilities may be required to leave their home and staff on providing accessible communication tactics to those with hearing and vision problems Returning Home After an Emergency Following an emergency, when an individual with disabilities can leave their home , they may face certain setbacks, or find that their home was damaged and therefore no longer accessible portable trailers available for those with disabilities if they are not able to immediately return home

When most people think of estate planning, most think about drafting wills. Although wills are certainly an important part of estate planning, sometimes they are not enough to accomplish an individual’s goals. Sometimes, in addition to a will, it is necessary to set up a trust. Trusts may be set up while the individual is still alive or may be created by a will. Although they are not a complete substitute for a will, a trust offers many benefits not found in a will. Trust advantages One of the big advantages of trusts is that they allow property subject to the trust to skip the probate process. During this process, the court determines whether the will is valid, identifies the individual’s heirs, ensures that the estate’s debts are paid, and distributes the estate’s assets according to the terms of the will (or according to the law, if the individual died without a will). Unfortunately, this necessary process can be expensive and lengthy. Since the estate foots the bill for the costs of probate, it can significantly decrease the value of the estate, especially if there are complications. Unlike a will, property in a trust skips this process entirely and is distributed according to the provisions of the trust immediately upon the individual’s death. Another helpful advantage of trusts is that they are much more flexible with regard to distribution of property than a will, as they allow individuals control over when their heirs receive their assets as well as how the assets are to be used. For example, individuals can specify that their children do not receive their inheritances until a certain age or until certain conditions have been met (e.g. finishing college). Additionally, individuals can specify how their heirs may use their assets (e.g. for educational purposes). Wills, on the other hand, do not offer this level of control. Trusts are also useful for large estates, as they can help avoid taxes. Due to the flexible nature of trusts, they can be structured in a way that minimizes or eliminates the need to pay estate taxes. Additionally, trusts can help protect the privacy of the individuals involved. Since trusts do not have to go through probate, which is a matter of public record, the terms of the trust are not accessible by the public. Speak with an attorney Although a useful option, trusts are not right for everyone. Because of this, it is wise to speak with an experienced attorney before beginning the estate planning process. An attorney can assess your situation and recommend the estate planning solution that would best carry out your goals.

dismantled · Save considerable money When you think of your estate, you would probably include your home You will also want to have your lawyer explain the various tax implications that come along with your

included, living through the coronavirus pandemic has left us weary yet ready to tackle any challenge that comes Don’t Try to Do It Alone We have all been told to stay at home to prevent the spread of the virus. The message has been loud and clear that we should work from home if possible, only reach out in absolute it will never come to that. 6. Some people have even managed to save money as a result of the pandemic, as their commute to work may

A property trust allows you to transfer ownership of your home to the trust document, which then becomes One of the most significant benefits of placing your home or vacation home in a trust is ensuring privacy By putting assets such as your home into a trust, you’re essentially transferring ownership of the property One big advantage of putting your home in a revocable living trust is that it ensures that the transfer Some people also choose to put their vacation home or other assets in a trust.

explain how that works, it is first necessary to better understand each type of entity and clear up some This explains why some trusts can help minimize or avoid estate taxes. That could be your home state, but you can start an LLC in any state. business through an LLC, you can also place assets in the LLC such as rental properties and vacation homes Some trusts and LLCs, when set up correctly, have the potential to protect assets from creditors.

Here are some things that this Houston estate planning attorney recommend women keep in mind: Estate From a home and vehicles to your grandmother’s jewelry to accounts with the bank, all of these things There can be some special considerations to keep in mind when it comes to estate planning for women,

Qualified Personal Residence Trusts This trust lets you leave your home to your beneficiaries and decrease Once that’s over, your beneficiaries can inherit your home, paying taxes on the value of the home at But if you die while living in your home, it’ll count as part of your estate and be taxed according to