estate planning Archives - Herrin Law
163
archive,category,category-estate-planning,category-163,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-4.12,vc_responsive
 

estate planning

Most people have a preconceived notion that an estate plan is expensive. This is partly due to some attorneys who choose to use exoctic and complicated estate plans. The more complicated, the more they can charge. For 95% of the people out there, a simple estate plan is all that is needed.  A simple estate plan consists of four core documents: Your WillFinancial Power of AttorneyMedical Power of AttorneyPhysicians Directive (Also known as a Living Will). If you qualify...

The most important choice for you to make is picking the right estate planning lawyer. The good news is that it’s pretty easy to find a good lawyer. Almost every single estate lawyer provides a free consultation of some sort. This is your chance to get a feel for the lawyer and law firm. Always interview a minimum of two lawyers and if you have the time, you should talk to at least three.  These consultations are...

1. Without an estate plan, you are costing your family money and adding more stress.   When you don’t have your estate documents in order, the state gets to determine what happens. This creates confusion and also leads to more time spent on dealing with a loved ones estate. In addition, the attorney costs and court costs are usually more expensive when you don’t have an estate plan. It also can lead to more fighting within your...

Probate is expensive. The costs and time associated with the Probate process have led to many individuals simply forgoing the process altogether, and, consequently, real property is not properly transferred to an individual’s heirs. However, Texas has introduced the Transfer on Death Deed (hereinafter, “T.O.D.D.”), which allows an individual to easily transfer real property to designated Beneficiaries outside of probate. On September 1, 2015, the Texas legislature passed the Texas Real Property Transfer on Death...