Self Determination Planning

Incapacity planning includes Statutory Durable Power of Attorney; HIPAA Authorization; Medical Power of Attorney and Directive to Physicians. Other documents to consider are appointment of agent for the disposition of remains; Anatomical Gift (organ/tissue donation); and appointment of Guardian in the event of later need. An important part of estate planning is the power of …

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Planning Beyond the New Year – Texas A&M Foundation Article

Planning Beyond the New Year “Glenda Clausell has a variety of legal experience, from working in small- to mid-size law firms focused on general business litigation to the corporate legal department of Shell Oil Company. She frequently makes educational presentations on estate planning and probate matters and is often quoted saying, “There is a misconception …

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Bah Hum Bug to Estate Planning, We Should All Die Without a Will (Part 3) – Probate (the short answer)

Probate is a court procedure by which a will is proved to be the valid or invalid.  However, through current usage, the term probate has been expanded to refer to the legal process by which the estate of a decedent is administered.  Generally, speaking, the probate process involves collecting a decedent’s assets, liquidating liabilities, paying …

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Bah Hum Bug to Estate Planning, We Should All Die Without a Will (Part 4) – Trusts

There are two types of common trusts, testamentary and lifetime trusts.  A testamentary trust springs into existence when someone dies.  These trusts are embedded in a will or another trust and are often used to protect assets or save taxes.  A lifetime trust is called a “living” or “revocable” trust.  It is most often used …

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Bah Hum Bug to Estate Planning, We Should All Die Without a Will (Part 2) – What is a Will?

A will is a legal instrument which states how a person’s property is to be distributed at their death.  It only takes effect after a person’s death and when admitted to probate.  A will is an important document because it allows the person making the will to pass property in the manner that they desire.  …

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