by Hailey-Petty Law Firm | Jul 14, 2022 | Estate Planning
If you have been named estate executor, you most likely have questions about what your responsibilities entail. This is a very important role, and therefore it’s very important you get clear answers to your questions. What does an executor of a Will do? What are their...
by Hailey-Petty Law Firm | Jul 7, 2022 | Estate Planning
Beneficiary designations are an important part of the estate planning process, even though they are actually dealt with outside of the estate plan itself. A designated beneficiary is a person who inherits an asset—such as the balance of an individual retirement...
by Hailey-Petty Law Firm | Apr 14, 2022 | Estate Planning
Per Stirpes Texas Per Stirpes And Not Per Capita In TX Wills are the primary estate planning documents. When you are drafting a Will you may need to include either the per stirpes or the per capita terms in the document. Any person engaging in estate planning is...
by Hailey-Petty Law Firm | Apr 12, 2022 | Estate Planning
Can A Trust Be A Beneficiary Of An IRA In Texas Trust As IRA Beneficiary In TX It is not a good idea to name a trust as a beneficiary of your IRA because the IRA will lose the benefit of tax-deferred growth. This is because the IRA will have to be distributed faster...
by Hailey-Petty Law Firm | Apr 7, 2022 | Estate Planning
Selling A House In An Irrevocable Trust After Death In Texas How To Sell A Property Held In An Irrevocable Trust In TX A trustee can sell property in an irrevocable trust according to the terms provided in the documents used in the creation of the irrevocable trust....
by Hailey-Petty Law Firm | Apr 5, 2022 | Estate Planning
What Assets Are Protected In A Lawsuit In Texas Protect Assets From Lawsuit In TX Asset protection is all about protecting your assets from collection actions from predators and creditors. You can protect both exempt and non-exempt assets legally so that your heirs...
