Wills
DA SEA (Distributees Affidavit – Small Estate Affidavit)
For those families whose loved one died without a will and had assets less than $75,000.00, not including homestead and exempt property, they are able to file a Distributees Affidavit – Small Estate Affidavit if the following conditions are met: (1) 30 days have elapsed since the date of the decedent’s death; (2) no petition …
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For your information: Estate Planning
ESTATE PLANNING The phrase “estate planning” may seem like something reserved only for the wealthy but it is actually a course of action. Actions whereby an individual takes into account various laws in order to gain maximum benefit while carrying out the individual ‘ s own wishes for the disposition of their property upon death. …
Holla What? A Holographic Will
Holographic Will describes a will that is totally in the handwriting of the maker of the will. An instrument written by hand (holographic) can be considered a will. In Texas, in order for the holographic will to be considered valid it must be totally in the hand of the person writing it; and be signed …
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 …
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 1)
As Americans, we all know that our Government and Courts have our best interests at heart and generally are always right when it comes to making decisions for us. So why not extend that same blind faith and trust to our Government and Courts to take care of our personal and real property after we …
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