Texans need to start talking to their children about estate planning. Baby boomers (those born between 1946 and 1964) account for 36% of the Texas workforce and with many members of this generation on the … Read more
If you’re thinking about estate planning and have begun doing preliminary research, you have probably seen all different kinds of trusts mentioned in the literature. Trusts pop up over and over in articles about estate … Read more
If you are old enough to have navigated to an estate planning blog, you are old enough to think about your estate plan. If the term “estate plan” sounds too much like focusing on death, … Read more
If you have started working on your own estate plan, then you have heard about probate and non-probate assets. Your estate planning lawyer has probably given you advice on how to keep as much of … Read more
People end up parenting alone for many different reasons and yet one thing all single parents have in common is the need to pay special attention to estate planning. After all, if every couple with … Read more
Texas is known for its big skies, generous portion sizes, and straightforward probate process. Anyone who has ever played with a Rubik’s Cube knows that straightforward doesn’t mean simple, however. While the steps required of probating a will in Texas are easy to follow for those who are professionally trained they are not without pitfalls.
If you recently got married for the second time and do not have a will or estate plan, you risk the state deciding how to divide your assets on your passing. An estate planning attorney from Hailey-Petty Law Firm, PLLC can help prevent this and avoid other potential legal challenges.
Having a durable power of attorney in place can eliminate uncertainty in the event of medical emergencies or incapacitation. Contact our experienced estate planning attorneys at Hailey-Petty Law Firm, PLLC to learn more.
Being named executor of a loved one’s estate can be overwhelming. Inevitably, the responsibility arrives at a time already rife with stress and rarely is a person well-prepared for the job. If you are in this position, educating yourself about the scope of the executor’s role is an important first step.
A Designation of Guardianship serves two essential purposes. First, it allows you to designate a person to act as your guardian should you become incapacitated, and second, it allows you to designate a guardian to any minor children or children with special needs in case of your premature death. Each of these purposes presents a lot to think about and so it is worth looking at them separately.
In the after math of losing a loved one, nobody relishes the experience of navigating a complex, often trying legal process. This said, not all probate experiences are equal. Depending on the process required for your case, the experience can be relatively painless, especially if you entrust an experienced attorney to guide you through the many steps.
An effective business succession plan will give the business an opportunity to maximize its assets, minimize tax liability and always sustain a seamless running of the business.