by Keith Hajovsky | Sep 20, 2023 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Wills
In 2015 the Texas legislature created a new way for people to transfer ownership of real estate at the time of their death with what is called a Transfer on Death Deed (TOD). [also see A Lady Bird Deed Protects A Home Medicaid Recovery] The way it works is that the...
by Keith Hajovsky | Sep 13, 2023 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Wills
It’s very important to keep in mind that usually not all of your assets pass through your will. This is something that many people don’t realize. And this can potentially cause BIG problems. Assets that don’t pass through your will are called non-probate assets. These...
by Keith Hajovsky | Sep 6, 2023 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Wills
Most people incorrectly believe that the money in their bank account will automatically pass through their will in whatever way the will dictates. However, it is very common for a bank account to be opened either as a JTWROS (“joint tenants with right of...
by Keith Hajovsky | Aug 30, 2023 | General Estate Planning, Medical Power of Attorney, Power of Attorney
If you think that you are likely to become incapacitated for whatever reason, you should strongly consider signing an estate planning document called a Declaration of Guardian. [You likewise might consider getting a Living Trust] And by incapacitated, I mean that due...
by Keith Hajovsky | Aug 23, 2023 | Asset Protection, General Estate Planning, Trusts
Estate planning is important for everyone whether they have children or not, but having the right documents, like a special needs trust, in place is perhaps even more important for people who have a special needs child. If a parent of a special needs child does not...
by Keith Hajovsky | Aug 17, 2023 | General Estate Planning, Wills
Is Estate Planning Expensive And Time-Consuming?: Given that almost two-thirds of Americans do not have a will, I think that many people believe that estate planning is too expensive and time-consuming and therefore not worth it. If you have a very large and/or...
