With our longer lifespans, about half of us find ourselves in second marriages. Even those of us who do not marry again may have property we acquired before marriage or gifts or inheritances we received. In making an estate plan it is important to clarify what is community property and what is separate property. It is often not what we assume. How do you make Texas community property and separate property work for you?
Although in Texas probate can be relatively straight-forward, fast and cheap, who can be blamed for wanting to cut expenses further by doing it themselves?
Can you DIY probate in Texas? Maybe.
When you are gone, what will your family need? What will they need in those first days and weeks, those first months, while they struggle to accept the fact that you are not there to guide them? Use these tips to plan ahead.
Many of us want to leave something to charity. Some of us are in a position to give a good deal. What if you could give in a way which benefitted the charity and left you with more than if you had held onto it? Under the right circumstances, a charitable remainder trust can do just that.
Whether we should or not, most of us name one agent, not co-agents, and name someone close to us, someone to whom we have given gifts in the past and someone to whom we may want to give gifts to in the future.
Our agent has a duty to put our interests first and to act in good faith with durable powers of attorney and gifts. How can this be done if the agent is, in essence, giving something to himself?