The Estate Law Library
Estate Planning
How to Avoid The Loss Of Your Assets Upon Death?
Fortunately, there is a way to avoid such asset loss through effective estate planning with tools such as a living trust with protective language. How to avoid the loss of your assets? By setting up a living trust and placing all of your assets into the trust, you can...
Intestacy in Texas: Distribution Without a Will
When an individual dies without a valid will, they are considered to have died “intestate.” Intestacy statutes are considered default statutes, and they govern the distribution of a decedent’s probate assets when no valid will exists. This means that some of your...
How Probate Can End in Foreclosure
Hannah and Jared's Story Hannah and Jared were happily married for years and Hannah had become a part of Jared’s family; so much so that Jared’s parents, Rose and Lionel, had named Hannah as the Executor of both of their wills. They had no other estate planning...
Never Transfer Your Assets to Your Spouse’s Name
Ashley and Jon's Story Ashley and Jon met in their first year of college and eagerly wed within weeks of their graduation. Ashley accepted a job as a dental assistant, and Jon went on to earn his M.D. and became a well-known physician in the area just a few years...
Components of an Effective Estate Plan
There are many different instruments and documents that can be included in an individual’s estate planning portfolio, such as a last will and testament, revocable living trusts, testamentary trusts, and more. However, there are five (5) key components that should be...
Why Guidance in Healthcare Directives is Important?(1)
Kaylee's Story Kaylee Springer was full of life and ready to start a new chapter in Florida with her husband, Jonathan, when she went into cardiac arrest at her home in Key West at the age of 25 in August 2002. Kaylee was successfully resuscitated by emergency medical...
The Value of the Homestead Exemption
What's Homestead? In Texas, the term “homestead” refers to a house or other residential structure you own, including improvements and up to 10 acres where the structure sits for urban homesteads. For rural homesteads, this limitation on size is 100 acres for a single...
How LAPTs Protect Beneficiaries’ Inheritance
Sydney's Story Sydney Martinez is the beautiful daughter of an extremely successful businessman and a stay-at-home mother. Because they loves their daughter immensely, Sydney’s parents set up a simple plan in which she was to receive one third of her inheritance at...
Caroline and Connor – A Tragic Story of Failing to Name Guardian As A Parent
Caroline and Connor Morrison were loving parents to three young boys. However, in June 2010, their lives were tragically cut short in a car accident. While their sons survived the accident, Caroline and Connor did not. This was just the beginning of a difficult...
Take Your Loved Ones’ Assets Out Of Probate
There was a family of three. The mother had two children, a son Adam and a daughter Ada. They lived happy life together and didn't really worry about the future. They assumed that things would fall into place naturally. Dementia Unfortunately, one day, the mother...
The Story of Justin, David, and Christine
The Inheritance Christine, David, and Justin inherited $400,000 each from their father after his death. Unfortunately, their father's poor planning led to unexpected consequences. Their father made a simple plan which lacked extra protections. Under his plan, all...
Story about a Mom and Son
True Story When my son Bob was only 3 years old, I was out to dinner one night with my husband. That was in 2020. As we were eating, it occurred to me that my baby boy was home with a 16-year-old babysitter, While l had created an estate plan, I realized that if...
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