by Keith Hajovsky | Sep 18, 2024 | General Estate Planning, Wills
“How long does it take to create a will?” is a question I get all the time. Perhaps they are really busy with work and family, and they just don’t have much time to deal with such things, even though they are of course really important. Or perhaps they’re about to go...
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 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 24, 2024 | Estate Administration, Intestate - Dying Without A Will, Probate, Wills
Getting a will makes financial sense. As I mentioned in my article Why Do I Really Need A Will? one of the main reasons you should have a will in place is to help prevent your estate and heirs from spending a lot more money on legal fees and court costs. This is...
