Who's On Your Estate Planning Team? Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so you can be taken care of during times when you are unable to care for yourself, and your money and prop...
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the thi...
Why Factoring Long-Term Care Into Your Estate Plan Pays Off For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care. The last thing ...
3 Decidedly Dumb Ways to Leave an Inheritance for Your Children Estate planning offers many ways to leave your wealth to your children, but it's just as important to know what not to do. Here are some things that are all-too-common, but textbook examples of what not to do or try…. “Ora...
Upon the death of a loved one, families in Texas must go through probate to settle and disburse the estate. This means the family must have the will of their loved one probated, a process that can be a bit confusing to some. To probat...
A corporation is a type of business, similar to a partnership or sole proprietorship. There are various reasons why a person or group would want to incorporate their Texas-based business, as corporations offer certain legal protections a...
Estate Planning – How Does This Help Your Loved Ones? Estate planning is very important for families; however; it is often overlooked until it is too late. Planning a financial estate with the help of estate law attorneys is much more than simply having a Will prepared. With the proper es...
A Qualified Personal Residence Trust (“QRPT”) permits you to transfer ownership of your residence to your family during your lifetime but still retain the exclusive right to live in the residence, while reducing the size of your estate for e...
Three Reasons to Use a Living Trust Wills are nice to have and they do enable you to give certain possessions and your estate to individual family members after your death. But if pressed to choose between wills and living trusts, our Kingwood Living Trust Attorneys believe that a living...
How do Administrators Differ from Executors in Probate? The roles of administrators and executors are essentially the same. It is the means by which they are chosen that distinguishes the two. If you are working in the capacity of administrator or executor for an estate, it is a good idea...
Being a stepparent can become a complicated matter when legal issues regarding the child in question arise. In some cases you may wish to seek legal guardianship. It is important that you hire a Bryan family lawyer when doing so. Guardianship of ...
Last Wills and Living Trusts While both a last will and living trust transfer property when you die, they have different uses. It is important that you understand these differences before deciding to set up a living trust. A Bryan probate lawyer can advise you on which may be best suited ...
Contingencies are added to home purchase contracts for a number of purposes. In essence, a contingency clause protects either the seller or the buyer when a condition or action occurs. As your College Station real estate attorney will tell you, con...
A person may need a guardian if he is a minor over whom no one has legal custody (such as an orphan), or an adult who has become incapacitated. Obtaining legal guardianship requires a hearing before a judge, and it may be in your best interest...
Naming an Executor if No Will Exists Regardless of your age, it is important that you and your Bryan probate attorney create a will. This is especially the case if you have a spouse or minor children who are dependent upon you financially. The naming of an executor is one of the facets of...
What Are Some Restrictions on Naming Executors? The position of executor to a will carries a great deal of responsibility. While you may wish to name a particular person to this task in your will, the probate court may find the individual unsuitable. You should consider working with Kingw...
Happy New Year! Happy New Year from the Peterson Law Group! Our office will reopen on Monday, January 4th
Merry Christmas! Merry Christmas from the Peterson Law Group! Wishing you peace and happiness this holiday season!
Happy Holidays from Peterson Law Group The Peterson Law Group wishes you and your family a safe and happy holiday season. Please note that our Office will be closed for the holidays starting Tuesday, December 22nd, and will reopen Monday, January 4th. We look forward to serv...
Collateral Heirs An heir is a person who is entitled to inherit a portion of the estate of the decedent. Heirship can become somewhat complicated when the decedent dies without a will. In any case where a will does not exist or does exist but must be probated, it is useful to hire a Kingw...
If you are a landlord, it is very important that you be familiar with the eviction laws. The eviction process can prove difficult, so you should strongly consider working with a Bryan real estate attorney.
At times a decedent may pass without leaving information about the location of important documents related to the will. If the occurs, you may want to work with a Kingwood probate lawyer to assist with tracking the inheritance.
Termination of a Testamentary Trust Many types of trusts exist, but a feature common to most of them is that they allow the estate to avoid probate. Testamentary trusts are unique among trusts, and whether they can be terminated or not depends upon timing. If you wish to set up a testamen...
As a potential landlord you will need to find a mortgage to purchase the property you wish to rent. It is a good idea to have a Bryan real estate lawyer in your corner to help with this task.
What Is the Difference between a Power of Attorney and Executor of a Will? The person who is granted power of attorney and the executor of a will serve very different functions. Indeed, while both are generally appointed by the principal, one serves before and the other after the death of...