Have you ever wondered where museums get their collections, artwork, and other displays? Sometimes, the museum purchases items that come up for auction. Still, many other times, a museum may receive a collection, antique, or further curiosity as a charitable donation from the estate of a person who wanted their possessions to go on display …
Preserving Legacies: The Power of Charitable Bequests Read More »
A recent $1.7 trillion federal benefits spending bill has increased access to ABLE accounts for millions of people. The bill includes bringing more funding to special education and expanding access to ABLE accounts. One of the measures proposed in the bill is to increase the age eligibility limit for ABLE accounts. ABLE accounts are a …
When a minor child inherits money from a deceased relative, or if they are awarded a sum of money from a personal injury or another settlement claim, there are a few methods to manage the money for the child. In Texas, a child under 18 cannot possess the inheritance or other settlement. Texas law provides …
Avoiding Guardianship of the Estate for Minors with Section 1301 Trusts Read More »
You’ve recently been granted guardianship over an elderly loved one – now what? Ideally, your Texas guardianship attorney has gone over your fiduciary duties toward your ward and explained the parameters of your duties. Texas has two types of guardianships, limited and full, and each one has different obligations and responsibilities. Responsibilities of a Limited …
You’ve Been Appointed a Guardian Over a Ward. Now What? Read More »
As people age, they sometimes become unable to take care of themselves, whether through physical limitations, cognitive decline, or both. When this happens, loved ones may need to step in to help their elderly family member and protect them. This may require filing for emergency guardianship. What is an Emergency Guardianship? Texas guardianships legally designates …
When Is Getting an Emergency Guardianship Appropriate? Read More »
A will is a critical estate planning document that allocates your assets and property to your designated chairs and beneficiaries when you pass. If you have never drafted a will, some of the terms may be a little confusing, but an estate planning attorney can help you understand each one. Two terms that come up …
The Texas probate courts oversee all estate settlements for individuals who died with a will and instructions in place for their final wishes after they pass as well as for individuals who die intestate or without a will. Estates comprise all the property, assets, and debts the deceased owned or controlled, and dispersing them requires …
Independent Administration vs. Dependent Administration Read More »
Many married couples may assume that when one partner dies, the other one automatically receives the entire estate and may not complete proper estate planning because of this misconception. This isn’t always the case. The portion of a decedent’s estate that a spouse (or anyone else) will receive depends on whether or not the deceased …
What Is Community Property And What Happens To It When You Die? Read More »
Individuals with Down Syndrome are living much longer than ever before. The average life expectancy of a person with Down Syndrome in the 1980s was 25 years, and it has now increased to 60 years old, thanks to increased research into the condition and the subsequent better care many receive. Recently, the Global Down Syndrome …
New Care Guidelines for Adults With Down Syndrome Released Read More »
Children with special needs will need careful and advanced planning to ensure they are cared for in the event of a death or incapacitation of a parent during the child’s lifetime. You will want to consider talking to a Texas estate planning attorney about special needs estate planning options if you have a special needs …
The Most Important Things to Know About Special Needs Estate Planning Read More »
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