It is important to note that sometimes assets, such as retirement accounts, life insurance policies, etc., could have different beneficiaries (aka, the people who will acquire that asset) than what you put in your will. These beneficiary designations are typically made when setting up financial … [Read more...]
Does a Spouse Automatically Inherit Everything in Texas?
When your spouse passes away in Texas, you might assume you'll automatically inherit everything. But the reality isn't always so straightforward. Various factors come into play, from community property laws to the existence (or absence) of a will. And let's be honest - navigating the legal … [Read more...]
The 10 biggest mistakes people make during the Estate Planning process
Estate planning. It's a term that often evokes feelings of procrastination and distant futures. But for Texans facing their mortality or simply wanting to ensure their wishes are respected after they're gone, proper estate planning is a crucial step. Here at Warren & Migliaccio, L.L.P. in … [Read more...]
Why Is Estate Planning Necessary to Consider as You Graduate From High School in Texas?
As young adults in Texas step into a new chapter of their lives after graduating high school, estate planning often gets overlooked. While the idea of estate planning might seem far off for someone just graduating, there are several key reasons why getting at least a few documents prepared to … [Read more...]
HIPAA Authorization for Parents of a College Student in Texas
When your child heads off to college, it is a time of significant change for both of you. As they enter adulthood, you might not realize that your ability to help them in times of need changes, too, especially regarding their medical information. In Texas, turning 18 means your child is legally an … [Read more...]
4 Essential Documents for Estate Planning for Young Adults
Contrary to popular belief, estate planning is not just a concern for the wealthy or older adults. In reality, it can benefit anyone aged 18 or older, including high school graduates and college students. Life is unpredictable. Estate planning for young adults is about preparing for unexpected … [Read more...]
How to Create a Will Online in Texas
Creating a will is one of the most important steps you can take to safeguard your legacy and protect your loved ones after you pass away. At Warren & Migliaccio, we offer the option to create your will online using our Estate Plan Express service. It provides many advantages to traditional … [Read more...]
What Legal Documents Should an 18-Year-Old Have in Texas?
When you turn 18, you legally become an adult in Texas. With this major milestone, you gain new freedoms and responsibilities. Suddenly, you can vote, marry, open your own bank account, sign contracts, and enlist in the military. You are also legally independent from your parents. This means they … [Read more...]
How Much Does a Will Cost in Texas?
There is a common misconception that estate planning is only for wealthy or older people. However, having a will can benefit anyone, regardless of financial status or age. You can use a will to appoint a guardian for minor children, provide for your family, and safeguard your legacy. Recognizing the … [Read more...]
The Disadvantages of a Lady Bird Deed in Texas
Planning your estate in Texas can feel like a chess game, and the Lady Bird Deed might seem like the winning move. However, this legal tool, designed to streamline property transfer, has its pitfalls. Let's explore why Texas residents may face challenges with a Lady Bird Deed, touching … [Read more...]
Living Trust vs. Will in Texas
Estate planning is crucial in settling one’s affairs in the event of their incapacitation or death. From directing your wishes on medical treatment to distributing your assets to beneficiaries, estate planning gives you peace of mind and control over what happens to you and to the assets you … [Read more...]
What is the difference between a living trust and an irrevocable trust in Texas?
Two commonly discussed Trusts in Texas include the Living Trust also known as Revocable Living Trust and the Irrevocable Trust. Before discussing the differences between a Living Trust and Irrevocable Trust, let's first discuss what a Trust is. What is a trust A trustee uses a legal arrangement to … [Read more...]
When Should I Get a Will Made in Texas?
If you are a Texas resident, have you ever paused to ask yourself, "When should I get a will made? When is the right time to prepare a last will and testament?" We understand that thinking about and planning for death can be uncomfortable. However, you might be surprised to learn it is probably … [Read more...]
3 Ways to Leave Your House to Love Ones In Texas
When you develop your estate plan, you will likely come across the question, "How do I leave my house to someone when I die?" In Texas, there are a few effective methods for leaving your house to your family or loved ones after your passing. The best option for you will depend on your circumstances, … [Read more...]
How to Avoid Probate in Texas
Texas Probate is often an expensive and time-consuming process. The last step of the probate process is to distribute assets to your loved ones, so they are waiting a long time before receiving the property you left them. For these reasons, many people have avoiding probate as one of their estate … [Read more...]
How To Protect Your Home and Life Savings From Nursing Home Expenses
It is common for people to have to sell their homes and deplete their life savings to pay for nursing home care. When you develop an estate planning strategy that meets your needs, you can protect your assets without compromising the quality of your care. When you need long-term skilled care in a … [Read more...]
Is It Time to Update Your Estate Plan?
Few people take the initiative to create a will or trust, so if you’ve gotten that far, you’re more prepared than the majority of people in the United States. While having these plans in place is a vital part of estate planning, these documents aren’t just a one-and-done deal. Updates are necessary … [Read more...]
