Wills

Anatomy of a Will

By |2020-09-17T13:21:58+00:00September 17th, 2020|Categories: ESTATE PLANNING, Wills|

How do I write a will? To answer this common question, we should look at the anatomy of a Will. A will usually follows a certain pattern, this helps with determining if the testator knew what he/she was doing at the time that the document was written. The structure is in general as follows: Title (For example: “Last Will and Testament of Jane Doe”) Introduction (I, Jane Doe, of Galveston, Texas, declare this to be my Last Will and Testament …) Any prior wills must be revoked (For example: I revoke any prior wills and codicils made by me…) Who gets what (For example: [...]

Is now the time to remodel your old trust?

By |2020-09-17T20:36:03+00:00September 10th, 2020|Categories: ESTATE PLANNING, POA, Trusts, Wills|

There are several reasons why you should update your existing trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. Of course, having estate planning documents that are up-to-date is critical, but how do you know when you should make changes? Reasons to Make Changes It is important to note that just because you have a trust in place does not mean you are bound to keep it as is; this is even true if the trust was inherited from someone else. [...]

3 Simple Ways to Avoid Probate Costs

By |2020-09-10T19:54:21+00:00April 24th, 2020|Categories: ESTATE PLANNING, PROBATE, Trusts, Wills|

The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate's complexity, fees can run into tens of thousands of dollars. The good news: probate costs can be reduced by avoiding probate. It’s really that simple. Here are three simple ways to avoid probate costs by avoiding probate: Name a Beneficiary. The probate process determines who gets what when there is no beneficiary designation. So, naming a beneficiary is the easiest way to avoid probate. Common beneficiary designation assets include: Life insurance Annuities Retirement plans Create [...]

Dispelling the Top 3 Estate Planning Myths

By |2020-09-10T19:50:52+00:00April 17th, 2020|Categories: Design, ESTATE PLANNING, PROBATE, Wills|

Like any other complex subject, estate planning has its share of myths and misconceptions.  Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed. Estate Planning Myth #1 – You Don’t Need an Estate Plan Because Your Spouse Will Inherit Everything A common belief is that if you’re married and you don’t have a will or a trust, your spouse will still inherit everything.  Unfortunately this is not always the case.  Who will inherit your estate even if you’re married depends [...]

COVID19 and Virtual Estate Planning

By |2020-04-06T19:53:29+00:00April 6th, 2020|Categories: ESTATE PLANNING, PROBATE, Trusts, Wills|

These are difficult and uncertain times. Deal with COVID-19, changes in work situation, homeschooling, and Stay-at-Home orders can be stressful and flat-out scary. With the Nations focus now on the our personal and communal health estate planning might not be of the greatest priority to you. Or if it is, you might have questions on how you are going to get it done without actually going to see and meet with an attorney. Remote Planning your Legal Documents We can help you create your estate plan from the comfort of your home. We will set up phone of Zoom meetings [...]

Virtual Estate Planning in the Age of COVID-19

By |2020-04-07T19:44:39+00:00March 18th, 2020|Categories: Design, ESTATE PLANNING, POA, Trusts, Wills|

As the New Normal has set in, and the COVID-19 guidelines are making traditional estate planning services impossible, we are still receiving requests by people to do their estate plan. If you are a fellow Texan looking to plan, we can help you. We have been helping people with their online planning for nearly a decade now, and are ready to serve you. Our flat fee simple estate plan package includes: Last Will and Testament Revocable Living Trust (if you choose to have a Trust Based plan) Declaration of Appointment for Guardian of a Child Durable Power of Attorney Medical [...]

There’s Never A Better Time Than Now To Get Your Affairs in Order

By |2020-02-25T20:38:12+00:00February 24th, 2020|Categories: ESTATE PLANNING, Wills|

The idea of getting your financial and legal house in order is likely the last thing on your mind during the busy holiday season. But, getting started is much easier than you think. In fact, the end of the year is a good time to reflect upon the year that has passed and focus on your aspirations for the future. Don’t hold this task off for later. Some careful thought and a little bit of work now can go a long way to help you feel 100% confident about moving forward in the new tax year. In preparation for the [...]

There’s Never A Better Time Than Now To Get Your Affairs in Order

By |2019-11-07T11:53:18+00:00January 21st, 2020|Categories: ESTATE PLANNING, GUARDIANSHIP, POA, Wills|

The idea of getting your financial and legal house in order is likely the last thing on your mind during the busy holiday season. But, getting started is much easier than you think. In fact, the end of the year is a good time to reflect upon the year that has passed and focus on your aspirations for the future. Don’t hold this task off for later. Some careful thought and a little bit of work now can go a long way to help you feel 100% confident about moving forward in the new year. In preparation for the upcoming [...]

Estate Planning That Expresses Who You Are – 5 Things to Talk About with Your Family

By |2019-11-07T11:50:34+00:00January 14th, 2020|Categories: ESTATE PLANNING, POA, Trusts, Wills|

You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to have a conversation about your money, your legacy, and your core principles. Most families lead far-flung and busy lives, meaning the only time they see one another face-to-face is around the dinner table during a handful of major holidays. The estate planning process is a perfect opportunity to bring everyone together outside of those scheduled occasions — even if a child or grandchild has to attend via video chat. happy family having fun [...]

Why Your Estate Planning Project Must Morph into a Process

By |2019-11-07T11:41:50+00:00January 7th, 2020|Categories: ESTATE PLANNING, POA, Trusts, Wills|

Many people put their estate plan on their to-do list as a one-time project: “Create estate plan” or “Meeting with lawyer 10:30 a.m. Thursday for estate plan.” Thinking of your estate plan as a single project or task to complete and move off your list is a common approach – but it’s also an approach that can land you in considerable hot water. Here’s why it’s essential to view your estate plan as a process, rather than a project. Process vs. Project: What’s the Difference? A project that takes several steps to complete – like an estate plan – can [...]

‘Till Death Do Us Part, Too: Estate Planning Tips for Commitment Without Marriage

By |2019-11-07T11:31:34+00:00December 31st, 2019|Categories: ESTATE PLANNING, Trusts, Wills|

Advice columnist Ann Landers once observed that “love is friendship that has caught fire.” If that’s true, there are thousands of ways for that blaze to unfold. For many Americans, such devotion and passion do not need to be neatly formalized as marriage. Tonight being New Years Eve, I am sure some people will change their "status" from single to engaged, dating, or visa versa. I wanted to stop there for a minute and see how our romantic choices affect our estate planning. It is no secret, our cultural norms are shifting, and quickly. Consider the following: Per the U.S. [...]

Dispelling the Top 3 Estate Planning Myths

By |2019-11-07T11:01:53+00:00November 26th, 2019|Categories: ESTATE PLANNING, PROBATE, Wills|

Like any other complex subject, estate planning has its share of myths and misconceptions.  Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed. Estate Planning Myth #1 – You Don’t Need an Estate Plan Because Your Spouse Will Inherit Everything A common belief is that if you’re married and you don’t have a will or a trust, your spouse will still inherit everything.  Unfortunately this is not always the case.  Who will inherit your estate even if you’re married depends [...]

3 Ways to Minimize Estate Planning Fees

By |2019-11-07T11:01:21+00:00November 19th, 2019|Categories: ESTATE PLANNING, PROBATE, Wills|

Today, it is impossible to put together even a simple estate plan without the assistance of an experienced estate planning attorney. Why? Because estate planning laws vary greatly from state to state and these laws are extremely convoluted and constantly changing. One wrong word, one missing signature, or one procedure not followed to the letter of the law can partially or completely invalidate a Last Will and Testament, Revocable Living Trust, Advance Medical Directive, Living Will, or Durable Power of Attorney.  Though attorney fees may feel expensive, they’re actually not when viewed in light of the service and protections provided.  [...]

Oral Will in Texas

By |2020-09-17T14:26:18+00:00September 7th, 2019|Categories: ESTATE PLANNING, PROBATE, Wills|

I recently had a family come through my doors, asking me to probate their loved-one's recorded will. He had fallen ill without making any prior estate planning and had decided to record his "last wishes" on his phone. Now the question becomes. Is a recorded will valid? In this case it was not, because it was created in 2019! Oral Wills or nuncupative wills were valid in very limited circumstances in Texas until September 1, 2007. This means any spoken will created after September 1, 2007, is not a valid will, according to Texas law. What is an oral or nuncupative [...]

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