Estate planning is not just for the rich and famous but for any adult who wishes to protect their health and finances. Nonetheless, looking at the fiascos which often result from poorly-planned celebrity estates is … Read more
With all of the details that require attention when sending a child off to college, it can be easy to forget that executing certain estate planning documents is also an essential part of the preparations. … Read more
All families need a comprehensive estate plan. However, families with a special needs child have additional factors to consider. A well-meaning parent can unintentionally disqualify a child from needed government benefits if the correct estate … Read more
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 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.