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.
This past year has taught all of us that tomorrow cannot be taken for granted, leading to an increasing number of people to plan and many more to recognize the need to speak to parents about doing the same. If you are an adult child trying to figure out how to talk to your aging mother or father about estate planning, let the following five tips serve as a guide.
If you are planning a move to Texas or have recently arrived to the state, updating your estate plan is an important item to add to your to-do list. Legal requirements related to estate planning … Read more
Silver linings of the Covid-19 pandemic are few but one worth underscoring is the lesson we have all received in not taking anything for granted. This past year showed that, indeed, no one knows what … Read more
Having both medical and financial powers of attorney in place has never been more important. The Covid-19 pandemic presents a threat to all of us, regardless of age or health. This is a tragic and frightening fact and while being prepared does not erase it, it at least eases some of the burden.
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 … Read more