by Keith Hajovsky | Nov 8, 2023 | Estate Administration, General Estate Planning, Non-probate Assets
Who will inherit my IRA? – If you have an IRA, you most likely have filled out a beneficiary form that dictates where those assets will go upon your death. And if this is the case, then your IRA assets will get distributed outside of the probate process. Nothing...
by Keith Hajovsky | Oct 25, 2023 | Estate Administration, General Estate Planning, Probate, Wills
Clients often ask me if they can name co-executors for their will. The reason they usually ask is that they don’t want to hurt the feelings of one of their children who could have been chosen as an executor. Or perhaps they have children who don’t get along well, and...
by Keith Hajovsky | Oct 18, 2023 | Estate Administration, General Estate Planning, Probate, Wills
How do I probate a will in Texas with independent administration? Well, probating a will in Texas usually takes less time and money than probating a will in other states as long as the will is properly written and executed (signed and notarized). This is all the more...
by Keith Hajovsky | Oct 11, 2023 | Asset Protection, Estate Administration, General Estate Planning, Intestate - Dying Without A Will, Probate, Wills
In Texas, whether or not estate taxes will need to be paid when you die greatly depends on the size of your estate. Luckily for the vast majority of us, there is no need to worry. First of all, there is not an estate tax, sometimes called a “death tax”, at the state...
by Keith Hajovsky | Oct 4, 2023 | Asset Protection, General Estate Planning, Living Trusts, Trusts
Many people wonder if they can create a living trust for themselves in order to protect their assets. In Texas you cannot do this as long as you have direct control over the assets. If you created an irrevocable living trust, then you could have asset protection due...
by Keith Hajovsky | Sep 27, 2023 | Estate Administration, General Estate Planning, Intestate - Dying Without A Will, Marital Assets, Wills
If you die without a will in Texas, the Texas Estates Code has strict rules that dictate where your assets go. For many or perhaps people this strict assignment of their assets is not what they would have wanted. And for some people, due to their specific life...
