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  • How to Properly Fund a Trust in Forney (And Why Unfunded Trusts Fail)

    You may create a trust to protect assets and pass them to family members after your death without the time and expense of probate. However, establishing a trust requires you to “fund” it. Failing to fund a trust could cause it to “fail,” potentially upsetting the objectives of an estate plan. As a result, you…

  • Estate Planning for Single Adults: Why You Still Need a Plan

    Many people may assume that only married couples and individuals with children or grandchildren need an estate plan to pass on assets to spouses or descendants. However, single adults may also face important considerations that may require an estate plan. Even single adults have assets and matters that an estate plan can address. An estate…

  • Spendthrift Trusts Explained: Protecting an Heir From Themselves

    You may decide to pass on the wealth you’ve spent your life building to your loved ones. However, you may agonize over how to leave family wealth to a loved one when you worry about how they might use – or misuse – that money. Fortunately, a spendthrift trust can provide you with an estate…

  • Community Property and Wills: What Forney Couples Need to Know

    Various laws can create unique rules for married couples and how they handle their property. However, one of the most important legal issues that married couples in Forney need to know when creating or revising wills includes Texas’s community property laws. As a result, couples who undertake estate planning need to know how community property…

  • Does Your Out-of-State Will Still Work After You Move to Kaufman County?

    However, if you move to Kaufman County after having written and signed a will in another state, does that will remain valid if you were to pass away in Texas? While out-of-state wills typically remain valid under Texas law, certain circumstances could potentially render a will invalid. Furthermore, a move to Kaufman County might provide…

  • Statutory Durable Power of Attorney vs. Medical Power of Attorney in Texas

    However, an estate plan can include both a durable power of attorney and a medical power of attorney. But how do statutory durable powers of attorney and medical powers of attorney differ from one another in Texas? What Is a Statutory Durable Power of Attorney? Chapter 752 of the Texas Estate Code governs statutory durable…

  • Can Texas Be Contested? Grounds, Deadlines, and How to Prevent It

    When you want to direct what happens to your property after your death, you might write a will to tell an executor which of your assets should go to your loved ones or other beneficiaries. However, you may not know that your family members or other interested parties may have the right to contest your…

  • Do You Still Need a Forney Estate Planning Attorney If You Already Have a Will?

    You may create a will to ensure that your property goes to the people you want to inherit from you after your death. However, should you still consult an estate planning attorney for further assistance if you’ve already written a will? While wills can accomplish a broad range of estate planning goals, you and your…