by Keith Hajovsky | Apr 24, 2024 | Asset Protection, General Estate Planning, Trusts, Wills
At the state level, there is not an estate tax in Texas to be concerned about by anyone, but at the federal level there is. However, less than 1% of the population in Texas or even in the United States needs to worry about this. This is because even though an estate...
by Keith Hajovsky | Apr 17, 2024 | General Estate Planning, Probate, Trusts, Wills
If you have life insurance or plan to buy some, then you should definitely discuss it with your estate planning attorney. Whether you have the payout on the policy go directly to an individual beneficiary, to your estate, or to a trust, life insurance plays a...
by Keith Hajovsky | Feb 14, 2024 | Asset Protection, General Estate Planning, Medicaid
A Medicaid Trust, also known as a “Miller Trust” or “QIT”, helps someone who wants access to Medicaid benefits when that person’s income exceeds the income cap. And the typical person looking to do this is an elderly or disabled adult trying to access affordable...
by Keith Hajovsky | Feb 7, 2024 | Asset Protection, General Estate Planning, Marital Assets, Probate, Wills
What is considered a homestead in Texas can have a very big effect on your estate planning needs as well as many other aspects of your life. The Texas Constitution lets a person establish a homestead which is basically a certain piece of real estate that is exempted...
by Keith Hajovsky | Jan 31, 2024 | General Estate Planning, Medicaid, Non-probate Assets, Probate
I have counseled several clients to use a what is called a Lady Bird Deed to protect a home from Medicaid recovery. [also see What Is A Transfer on Death Deed] The typical situation is that a parent or other loved one is elderly and has become so sick with an ailment...