Uncategorized
An Irrevocable Life Insurance Trust, or “ILIT” is an irrevocable trust that own life insurance. Historically, Americans have used ILITs as a vehicle to make gifts to beneficiaries…
FAQs About Powers of Attorney and Directives, Incapacity
Most of the time, Directive to Physicians are signed by patients who do not want their lives prolonged by life-sustaining treatments; however, sometimes the situation is reversed. For…
Choosing a Guardian
The thing that drives most young parents to plan to make a will is not their stuff, but who will take care of our minor children if…
Uncategorized, Wacky Wills, Wills
Last July, I stumbled upon an ancient Will while visiting the Ashmolean Museum in Oxford. As an estate planning lawyer, I was delighted. Will of Naunakhte The Will, written…
The part of estate planning that most parents struggle with is naming a guardian for their children. For some parents, the process of selecting a guardian is…
Financial Powers of Attorney
Generally, you can amend your durable power of attorney by signing a new durable power of attorney. You also have the right to revoke or terminate your durable…
FAQs About Probate
If you have inherited a house with a mortgage, you may be wondering what your options are. This is especially the case in light of today’s high…
Odds and Ends
I remember standing in the checkout line at Babies-R-Us more than 23 years ago. My first baby was just a couple of weeks old, sleeping soundly on my…
Estate Planning
What is an ABLE Account? An ABLE (Achieving a Better Life Experience) account is a type of savings account for individuals with disabilities and their families. The account…
FAQs About Trusts
Creating a valid trust in Texas requires meeting specific statutory requirements. These requirements, outlined in Texas Property Code, Title 9, Subtitle B, Chapter 112, ensure the trust…