by Keith Hajovsky | Sep 12, 2024 | General Estate Planning, Living Trusts, Trusts, Wills
“Do I still need a will if I get a trust?” is a question that I get often when people approach me about getting a living trust created to help take care of their estate planning needs. Although living trusts aren’t necessary in Texas as much as in some other states,...
by Keith Hajovsky | Aug 28, 2024 | General Estate Planning, Non-probate Assets, Probate, Wills
Whether you have a will or not, you are most likely to have both probate and non-probate assets. In fact, I like to tell clients there are basically two “buckets” of assets – one for probate assets and and one for non-probate assets. Probate assets pass...
by Keith Hajovsky | Aug 21, 2024 | General Estate Planning, Power of Attorney
Oftentimes people want to name two of their children as power of attorney co-agents solely due to the fact that they do not want to hurt one of their children’s feelings. They are afraid that if they name one of their kids as the sole first choice as their agent and...
by Keith Hajovsky | Aug 14, 2024 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Wills
Will my life insurance proceeds pass through probate is a great question. Whether or not that happens depends on who you name as the beneficiary. If you name an individual such as your spouse or child or possibly even an entity like a nonprofit organization as the...
by Keith Hajovsky | Aug 7, 2024 | Estate Administration, General Estate Planning, Intestate - Dying Without A Will, Marital Assets, Non-probate Assets, Wills
When you are married you have community property and separate property in Texas. Each spouse has full testamentary power (the ability to say who gets which of those assets in their will) over their own separate property, but they have testamentary power only over one...
by Keith Hajovsky | Jul 31, 2024 | General Estate Planning, Power of Attorney
Do I Need To File A Power Of Attorney? A power of attorney, also known as a durable power of attorney, gives someone you trust completely the authority to act as your agent in making financial decisions for you in the event you are not able to do so yourself. For...
