by Keith Hajovsky | Jul 3, 2024 | Asset Protection, General Estate Planning, Trusts
If you plan to leave assets to your children then it’s definitely a good idea to create either a testamentary trust or a living trust for them in your estate plan, especially if they are minors or possibly even if they are still young adults. It’s generally not a good...
by Keith Hajovsky | May 8, 2024 | Asset Protection, General Estate Planning, Power of Attorney
Why do I need a power of attorney? A power of attorney, sometimes called a durable power of attorney, is a very important part of an estate plan. It’s is a legal document that gives someone you fully trust the legal authority to act on your behalf in making...
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 | 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 | Dec 28, 2023 | Asset Protection, General Estate Planning, Power of Attorney, Wills
The major differences between a power of attorney and a will are often not understood by my clients when they first contact me. Both are very important documents when it comes to estate planning. In many ways they are the most important documents of someone’s estate...
