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Jackpot winning

Winning Wisely – Legal Considerations After Hitting the Jackpot

The thrill of winning the lottery is like nothing else. Dreaming of buying whatever you wish, feeling relief that your financial worries are over, and delighting in caring for your family and friends – lottery winners float on cloud nine. Without proper legal and financial planning and advice, you can quickly come crashing down from …

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Mpoa changes

Protecting Your Medical Wishes: Understanding the Latest Texas MPOA Changes

Many of us know the importance of estate planning, like making a will or establishing a trust, especially as we age. What many neglect, however, may be other critical estate planning documents, like a medical power of attorney. Do you have a medical power of attorney? If you do not, or if it’s been several …

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Probate

Maximizing Inheritance: Optimizing Probate and Non-Probate Assets

Part of the estate planning process includes reviewing which assets must go through probate to pass to your beneficiaries and which assets are considered “non-probate,” of those that don’t necessarily have to be covered by a will. Certain assets may pass directly to a designated individual, but having the right beneficiary designation on any accounts …

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Groups

Expanded Access To ABLE Accounts May Mean Increased Benefits For People With Disabilities

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 …

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Guardianship

You’ve Been Appointed a Guardian Over a Ward. Now What?

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 …

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Guardianship appropriate

When Is Getting an Emergency Guardianship Appropriate?

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 …

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Estate planning

The Difference Between Per Stirpes and Per Capita in Estate Planning Per Stirpes Versus Per Capita

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 …

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