FAQS
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September 16, 2022
The Role of an Attorney in the Probate Process in Texas
The Role of an Attorney in the Probate Process in Texas The attorney prepares the application and the initial pleadings. Additionally, the attorney prepares all the motions and documents that the court requires. We typically provide the notices to creditors and to beneficiaries. An attorney’s job is to make the client’s life as smooth and …
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September 16, 2022
What About Medicaid In The State of Texas?
If qualifying for Medicaid and asset preservation are a concern, we can help the client prepare. Medicaid, unlike some other government programs, is not an entitlement program; if you receive benefits, the State of Texas wants to be reimbursed upon your passing. There are also income and asset requirements to qualify. The income threshold to …
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September 16, 2022
What is a Transfer on Death Deed and how can it benefit me?
What is a Transfer on Death Deed? A Transfer on Death Deed is a tool that allows you own and control real property during your lifetime and then pass your real property to beneficiaries after your death without having to probate your estate. A Transfer on Death Deed needs at least one beneficiary but can …
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September 16, 2022
How do you make an estate plan when you have a blended family?
Estate planning for a blended family There are many ways to estate plan for a blended family and below are four of the most typical ways to address estate planning for a blended family: Reciprocal wills: Each spouse makes a will to provide for the surviving spouse and then the children/step-children. This is the simplest …
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September 16, 2022
What is the difference between a Living Trust and a Testamentary Trust?
A Living Trust is a trust created and funded during the Trustor’s (sometimes called Grantor or Settlor) lifetime which is typically for the benefit of the Trustor during Trustor’s lifetime and then provides for other beneficiaries after the death of the Trustor. The primary purpose of a Living Trust is usually to avoid the probate …
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September 15, 2022
What are the benefits of a LLC?
LLCs offers benefits such as limited liability, tax benefits, legitimacy in business dealings, creating a structure for operations, and remaining personally anonymous. A LLC is an entity having its own legal rights and obligations, of which the owners are not. This allows for compartmentalizing liability and asset protection which is one of the main and …
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September 15, 2022
Should I have a Series LLC for my rental properties?
Some people may ask what is a Series LLC and why would I need one? The Series LLC concept was created by the Texas Legislature and is in Chapter 101 of the Texas Business Organizations Code as a form of LLC. A LLC allows for the limiting or compartmentalizing of liability to protect other assets. …
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September 15, 2022
What is the difference between a Power of Attorney and a Guardianship?
A Power of Attorney is the granting of authority for another person or persons to handle certain decisions or transactions on your behalf. A Power of Attorney is a decision made by you to allow someone else to have authority to make decisions but it doesn’t remove your power to make those decisions yourself. It …
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September 15, 2022
Who are my heirs if I die without a Will and who gets my property?
The answer to this question could be simple or complex depending on the nature of the property you own and the makeup of your family when you die. For example, to keep things simple, let’s assume you have only been married once, you are still married to your spouse, and all children are shared with …
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September 15, 2022
What is an Executor supposed to do?
If you are an Executor appointed in somebody’s Will, you will likely need to take a few steps to handle the estate of the person who is deceased. Below are some of the basic duties of an Executor but generally, a probate attorney will help you with most of these tasks: Locate the Will and …
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