Estate Planning

  • 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…

  • 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…

  • Estate Planning Checklist for Forney, TX Homeowners

    An estate plan allows an individual to manage and pass on their valuable assets, such as real estate. Property owners in Forney have unique concerns and considerations when developing an estate plan. As a result, a homeowner can benefit from having a checklist to assist them through the estate planning process. Some of the key…

  • Choosing an Executor in Texas: Duties, Responsibilities, and Common Mistakes

    Estate planning will require you to make numerous decisions about winding up your affairs after your passing. One of the most important decisions you will make when creating your estate plan is choosing an executor in your will. When choosing an executor, you should consider the duties and obligations that person will carry out to…

  • Small Business Succession Planning: Protecting Your Forney Business

    When you own a small business in Forney, there will come a time when you will need to pass control or ownership of the company to someone else. Planning for your retirement or an emergency that requires you to step down from your business will involve developing a strategy to ensure that management or ownership…

  • How to Handle Real Estate in Your Texas Estate Plan

    A home or a vacation property can store much of your or your family’s total wealth, making it a priority for you to preserve that wealth for your loved ones. As a result, the estate planning process may focus on protecting, managing, and passing on real estate assets. But what options do you have for…