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One way to ensure that your assets go to the people you want is to have a comprehensive estate plan to outline your wishes for your beneficiaries and usually involves the assistance of an estate planning or elder It is never too late to make the necessary steps to ensure your loved ones are protected! One way to plan for this situation is to make use of incentive trusts. The peace of mind that an estate plan provides will be invaluable to your family and loved ones.

Transfers: Talk to an Elder Law attorney to learn about Medicaid guidelines that are applicable for your In addition, if you or a loved one is a veteran or the widow of a veteran, have the Elder Law attorney One last note: don’t place your faith in an Internet search for answers to your unique situation.

We know how to manage the mountain of paperwork that appears when a loved one dies. credit card company and everything in between, we can help sort through documents to find the important ones order to start the process of sorting through the physical items that are left behind when a loved one We can probate your loved one’s will so family treasures can be passed on to the rightful heirs, and attorneys, it is our job to help clients control the few things that are controllable when a loved one

There are several reasons why putting your house in a trust can benefit you and your loved ones. For one, it can help you avoid probate and other legal hassles arising after your death. This means that your loved ones won’t have to wait for months or even years before they can inherit what This is just one of many tax-saving strategies that can help you reduce the estate taxes owed upon your Putting your house in an irrevocable trust is one way to protect yourself from potential legal battles

captured the attention of Houston and has shed light on the intricacies and potential legal pitfalls of one how individuals can proactively navigate these complexities to prevent legal turmoil for their loved ones guardianship matters consist of and educate you about what you can do to prevent you and your loved ones If you find yourself or your loved one in need of guardianship, an experienced guardianship attorney experienced estate planning attorney can help provide peace of mind knowing that you and your loved ones

, here is the “why” behind that answer that you might not be expecting… There is no such thing as a one-size-fits-all No one to turn to when the will or trust is executed. which case it is not even worth what you paid – and it could cause pain and suffering for your loved ones Call our office at (281) 885-8826 and schedule one today. #Wills #willsandtrusts

For all other separately owned property or individual financial accounts, most states award one-third to one-half to the surviving spouse and the rest to the children. everything to the surviving spouse—or everything up to a certain amount; however, other states award only one-third to one-half of the decedent’s separately owned assets to the surviving spouse.

In one of our previous blogs, Britney Spears’ Conservatorship & How It Can Happen To You , we discussed the importance of having the proper estate planning documents in place so that you or a loved one does Having a statutory durable power of attorney established by an experienced elder law attorney will also This one document could have saved Britney a lot of trouble and will help you avoid the guardianship This may cause a hurdle for some individuals who need to know any medical history of their loved one

One-third of U.S. households own at least one type of IRA, so chances are that you might inherit one

A statutory durable power of attorney is one of the most important estate planning documents you can create, but it is also one that can be misused. However, one option you can implement is to require two signatures for large transactions. One of the most important powers in the power of attorney document is the power to gift. The steps listed above will give you a good idea of what an excellent estate planning and elder law attorney

As a Houston will and trust lawyer, I can confidently say that estate plans are not one-size-fits-all Other times, we have seen clients with one financially established child that does not need a large inheritance unequal inheritance is NOT to be confused with cases where parents unintentionally leave more money to one For example, if you have only one of your children named as a beneficiary of your life insurance or retirement

point, you are able to reflect on any changes that have taken place in your life or that of your loved one For example, perhaps there is a new medical treatment that has become available for your loved one. Life circumstances change, and someone who was named as a trustee at one point may no longer be the right Are you still able to act as your loved one’s advocate?