In most cases, it is advisable for an individual to have a properly drafted and executed will. A will can express your intentions and desires regarding not only the disposition of your assets, but … [Read more...] about Why do I need a will?
Regardless of the value of your assets, a will may still be advisable in order to allow you to control exactly how, and to whom, those assets are distributed. Depending on your particular situation, … [Read more...] about Do I still need a will even if I don’t have significant assets?
No. In order to draft your will your attorney will only need to know what types of assets you possess and an approximate valuation of each type. You should not need to disclose each specific asset … [Read more...] about Will I have to disclose all of my assets to my attorney in order to have my will drafted?
If you die without a will, your property is distributed to your heirs pursuant to the Texas Probate Code. Although there are some exceptions to this general rule, it is quite possible that without a … [Read more...] about What happens if I die without a will?
Possibly. Although a will can be drafted to incorporate a considerable amount of flexibility with regard to life changes, it is recommended that you frequently review your will against your current … [Read more...] about If I have a will drafted, will I ever have to modify it at a later date?
Yes. When drafting a will, you can specify exactly who you would like to take care of your children, either physically or financially, or both. … [Read more...] about Can my will specify who I would like to take care of my children should something happen to me?
A trust is another devise which may be used to manage and control the ultimate disposition of property. With a trust, a trustee holds what is called "legal title" to the trust property and manages … [Read more...] about What is a trust?
In many cases people believe they need a living trust to avoid the probate process upon their death. In Texas, however, the probate process is less complicated, and therefore generally less costly, … [Read more...] about Do I need a trust?