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How to make Texas Community Property and Separate Property Work for You

How to make Texas Community Property and Separate Property Work for You

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?

Durable Powers of Attorney and Gifts

Durable Powers of Attorney and Gifts

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?

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