The Difference Between a Family Trust & a Will in Texas
If you are considering creating a will or family trust in Texas, it is important to understand the differences between the two. A will is a document that outlines how an individual wants their property, assets, and other belongings to be distributed after death. On the other hand, a family trust is...
The Difference Between a Family Trust & a Will in Texas Continue reading…Should I Draft a Will If I Own Almost Nothing?
Why You Should Have a Will Regardless of Your Economic Status A will is a legally binding document that outlines a person’s wishes regarding the distribution of their estate upon their death. A common myth about wills is that only the wealthy or those...
Should I Draft a Will If I Own Almost Nothing? Continue reading…How Young Is Too Young to Craft an Estate Plan?
At What Age Should You Start Estate Planning? A pervasive myth is that you should be a certain age (older) when you start thinking seriously about estate planning. However, there are no age limits on estate planning nor are there income limitations or expectations. Once...
How Young Is Too Young to Craft an Estate Plan? Continue reading…When Should I Update My Will?
Your last will and testament is an important part of your estate plan. Proactive estate planning allows you to protect yourself, your loved ones, and your legacy both throughout your lifetime and once you are gone. More specifically, your will lets you name beneficiaries to your assets, a guardian to your minor...
When Should I Update My Will? Continue reading…Will vs. Trust: What’s the Difference?
Two Ways to Plan for the Future You probably don’t like to think about what will happen after you die, but it’s essential to protect your hard-earned assets that you spent your whole life working for. Regardless of how many assets you own, you must ensure they go...
Will vs. Trust: What’s the Difference? Continue reading…What Is Estate Planning?
Although you might not realize it, everything you own will one day make up your estate that will be left behind after you have passed away. All of your possessions, including you’re your cars, home, other real estate, checking and savings accounts, investments, life insurance, and furniture will need to be sorted...
What Is Estate Planning? Continue reading…
Setting Up Your Living Trust | Irving Probate Lawyer
If you want to set up a living trust for your estate plan, you will need to first make a few important decisions. Below, we explain what you need to do to create a living trust for your assets and property. Picking a Trust The first...
Setting Up Your Living Trust | Irving Probate Lawyer Continue reading…
What Is Required for a Will to Be Valid?
When it comes to planning your estate, there are several requirements that you will need to address in order for your last Will and testament to be valid. Your Will dictates how your assets will be distributed after you pass away. However, your Will can be challenged in a court of law,...
What Is Required for a Will to Be Valid? Continue reading…How Can I Take Advantage of the New Federal Tax Reform?
At the end of 2017, Congress passed a major tax bill known as the Tax Cuts and Jobs Act (TCJA). This new act doesn’t just impact business and income taxes, but also affects your estate planning. Under the TCJA, there is a limited opportunity to transfer an unprecedented amount of wealth free...
How Can I Take Advantage of the New Federal Tax Reform? Continue reading…How Do I Defend a Will Contest?
There are numerous aspects involved in the probate process. One of the most frustrating aspects you might encounter is having to defend a Will contest. In this blog, we explain what the executor of an estate must do when they are served with a Verified Complaint that challenges the validity of a
How Do I Defend a Will Contest? Continue reading…How Do I Make a Solid Estate Plan?
Many people assume that as long as they have a will, their estate planning is finished, however, there is much more that goes into creating a solid estate plan that will cover all of your interests. A good estate plan should include ways to avoid probate, ways to save on estate taxes,...
How Do I Make a Solid Estate Plan? Continue reading…How Do I Leave Assets to My Minor Children?
As a parent, it is important to make sure your children are taken care of in the event that something happens to you while they are still minors. The same goes for grandparents, aunts, uncles and other relatives who also want to leave some of their valuable assets to young children. While...
How Do I Leave Assets to My Minor Children? Continue reading…