by Hailey-Petty Law Firm | Dec 8, 2023 | Uncategorized, Wills & Trusts
Estate planning is a crucial aspect of financial planning, often centered around two key instruments: wills and trusts. While wills are commonly known and widely used, trusts are frequently misunderstood and mistakenly thought to be only for the wealthy. However, the...
by Hailey-Petty Law Firm | Dec 7, 2023 | Wills & Trusts
When it comes to estate planning, lifetime trusts are often viewed primarily as tools for asset protection. However, their benefits extend far beyond safeguarding wealth. A lifetime asset protection trust, which is established and takes effect during the...
by Hailey-Petty Law Firm | Dec 4, 2023 | Uncategorized, Wills & Trusts
When it comes to estate planning, understanding the interaction between a will and a trust is crucial. Many people wonder if a will has the power to override a trust. This question is fundamental as both a will and a trust play pivotal roles in how assets are managed...
by Hailey-Petty Law Firm | Dec 2, 2023 | Wills & Trusts
The division of assets during a divorce can be one of the most contentious and complicated aspects of the process. In Texas, where the laws governing asset division are unique and complex, protecting your assets becomes a matter of strategic planning and understanding...
by Hailey-Petty Law Firm | Nov 29, 2023 | Wills & Trusts
Using a trust can be an effective way to protect against a will contest in Texas. Trusts offer several advantages over wills in terms of privacy, flexibility, and most importantly, a Texas Trust can potentially reduce the likelihood of legal challenges. Here’s how a...
by Hailey-Petty Law Firm | Sep 18, 2023 | Estate Planning, Wealth and Estates, Wills & Trusts
Aretha Franklin, the Queen of Soul, captivated audiences with her powerful voice and left an indelible mark on the music industry. However, even the legendary Aretha Franklin wasn’t immune to the perils of poor estate planning. When she passed in 2018, she left...
