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 … [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 … [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...]
Estate Planning For “Just In Case” Scenarios
There are many reasons why people devise an estate plan. Oftentimes, they are hoping to achieve a peace of mind in knowing that the future of their estate, assets, and legacy will be handed down to generations of friends and family they care about the most. While this general concept is a good one, … [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 … [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...]
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