by petty_admin | Dec 12, 2018 | Retirement Assets, Wills
What Is a Medical Power of Attorney? A Medical Power of Attorney is a legal document that transfers your authority to make medical decisions to another person in the event of your incapacitation. A Directive to Physicians can be used to bind medical professionals and...
by petty_admin | Jan 23, 2018 | Estate Planning
Did you make a New Year’s resolution this year? If so, have you kept it so far? Really? According to the Huffington Post, only 8% of folks actually keep their New Year’s resolutions, so if you’ve already slipped, you’re not alone. There are several reasons why people...
by Pamela Hailey-Petty | Jul 24, 2017 | Uncategorized
Although it’s not really an enjoyable task after the death of a loved one, probate administration can be quite easy in Texas with a will that’s drafted by an experienced estate planning attorney. Probate Administration Probate administration is the procedure in which...
by petty_admin | Jun 26, 2017 | Business, Wealth and Estates
Here’s a great Idea for Texas real estate investors: consider the use of a newer type of LLC, called the Series LLC. Instead of using a traditional Texas LLC for real estate investing—which is subject to the Texas franchise tax—the Series LLC allows an investor to...
by Pamela Hailey-Petty | Apr 11, 2017 | Estate Planning
In Texas estate planning, we have what’s called a “Lady Bird Deed” (also called an “enhanced life estate deed”). It’s a way to transfer property to another individual outside of probate while retaining a life estate. This strategy for estate planning...
by the Firm | Mar 21, 2017 | Estate Planning
Estate planning is a curious thing. It’s sort of like a dreaded household chore… think of taking out the garbage. You may put off taking out the garbage until the bin is full, then see if you can squeeze a little more in so that you can wait a little longer. When you...
by petty_admin | Sep 20, 2016 | Estate Planning
It’s smart to have a life insurance policy to help your family in the event that you pass away suddenly. It can help keep your family in your home and pay for college tuition. One aspect of life insurance that folks don’t think about is the fact that the proceeds from...
by Pamela Hailey-Petty | Jul 26, 2016 | Uncategorized
Doesn’t that sound great! Every year there are thousands of Texans that decide to start their own businesses. Some have an easier time than others. Here are some things to keep in mind to help you as you set out: When you start your own business, there are several...
by Pamela Hailey-Petty | Sep 4, 2015 | Estate Planning, Wills
Kids in Austin and throughout Texas are heading back to school. While many parents welcome a vacation from the summer vacation, preparing for the first day of school each year takes significant effort, time, and resources. Parents must make sure that they provide all...
by Pamela Hailey-Petty | Aug 23, 2015 | Estate Planning, Wealth and Estates, Wills
There are a lot of myths floating out there about wills, trusts, and probate. By the way, what IS probate? Read on to learn more. #1. I don’t need a will. I am married, and my spouse automatically gets everything. This is not necessarily true. As a resident of Texas,...
