What is Probate under Texas Law?
What is Probate? At its core, probate is the legal process that takes place after someone dies. The actual legal steps themselves vary depending on a variety of circumstances. (more…)
09Jun
09Jun
Will or Trust – Which is Better for Me?
A trust may be created in a Will (known as a testamentary trust) or as a separate revocable trust (sometimes referred to as a “Living” trust) or as an irrevocable trust. Wills and trusts, along with beneficiary designations, are the three leading methods of passing one person’s property to another person at death. Living Trusts...
13Jun
Your Rights to a FLP (Family Limited Partnership) Under Texas Law
A Family Limited Partnership (FLP) is a business entity often used to manage family property. Aside from having the responsibility of managing family assets, FLPs are part of an estate planning strategy often designed to reduce the impact of Federal Estate and Gift Taxes as well as to attempt to shelter assets from future potential...