by Keith Hajovsky | Jul 17, 2024 | General Estate Planning, Trusts, Wills
“When Do I Need To Update My Will?” If you already have will in place, then kudos to you for taking the time to help protect your family and assets! However, life circumstances can easily change to the point that it really is important to update your will...
by Keith Hajovsky | Jul 10, 2024 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Trusts, Wills
Having a will does not necessarily mean that all of your assets will get divided per the terms of your will. Assets that pass according to the terms of your will are called probate assets, and assets that do not pass through your will are called non-probate assets....
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 | Jun 26, 2024 | General Estate Planning, Living Trusts, Trusts
Unlike a testamentary trust which is created through a will and doesn’t come into being until you die, a living trust, sometimes called an inter vivo trust, is created and funded while you are still alive. Unfortunately there are lots of advertisements out there that...
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...
