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Why A Will For Young Parents Is A Must-Have
All through the years, especially since the launch of Thomas-Walters Estate Planning, we've come across different heartbreaking stories with adverse legal implications. We've seen cases where a mum or dad dies and leaves behind their young kids. In more grievous...
How to Probate a Will in Texas: How Long Does It Take?
When a person dies their estate must be settled. An estate sounds like a fancy word, but it simply means all of their assets. In laymen's terms, this is "everything they own." The process of settling an estate against any outstanding liabilities is called probating....
DIY WILLS AND TRUSTS – Read This Before You Proceed
DIY WILLS AND TRUSTS - Read This Before You Proceed Among the types of estate planning, a last will and testament are among the most common. We write in detail about these in a related post, entitled: What is a will, and do I need one? We will briefly summarize it...
UPDATING YOUR ESTATE PLAN – 5 Key Estate Planning Points To Consider
It is common to meet people who have the notion that estate planning is just a one-time event. But that shouldn't be the case because you must ensure that your plan aligns with your life’s changes. This is also one reason people hold off when they know they need a...
ADVICE FOR SAME-SEX COUPLES AFTER THE SUPREME COURT’S RULING IN OBERGEFELL V. HODGES RULING
[vc_row][vc_column][vc_column_text]Obergefell v.Hodges, the Supreme Court’s ruling making same-sex marriages legal in all 50 states, has major estate planning implications for same-sex couples. The Court held that same-sex married couples are entitled to equal...
5 HIDDEN DANGERS OF JOINT OWNERSHIP WITH A CHILD
[vc_row][vc_column][vc_column_text]A common question I am asked is whether probate can be avoided if assets are owned jointly with a child. I would like to share just four of the disastrous reasons why you should not add a child’s name to the title of an asset just to...
MYTHS AND MISUNDERSTANDING ABOUT REVOCABLE LIVING TRUSTS
[vc_row][vc_column][vc_column_text]People often hear things about living trusts from friends, family members and the media, and just assume they are true without taking the time to check them out. Here are some common myths and misunderstandings: 1. A living...
WHY CHOOSE A REVOCABLE LIVING TRUST OVER A LAST WILL AND TESTAMENT?
Many people now prefer an estate plan that uses a revocable living trust over a will as the primary estate planning document. Here are four reasons why: A properly prepared and funded revocable living trust plan avoids probate at death, including multiple probates if...
WHEN SHOULD I BEGIN PLANNING MY ESTATE?
[vc_row][vc_column][vc_column_text]The problem with estate planning is that you never know when you are going to die. I just came from a meeting with a client and they said well, next year we are going to do this and the next year we are going to this other. And I...
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