In 2008, the U.S. House of Representatives passed H.Res. 1499 (110th Congress), officially designating the third week of October as National Estate Planning Awareness Week. This resolution aims to highlight the importance of proper estate planning and encourage Americans to take steps to secure their financial and personal legacies. Many people mistakenly believe that estate […]
Monthly Archives: October 2024
When people hear the word “probate,” it often brings to mind lengthy court battles and legal headaches. While the process can be frustrating, Texas has a relatively streamlined system compared to states like California and Florida. Still, dealing with a will in court is something most people would rather avoid. So, is the Texas process […]
One of the most critical responsibilities of parents is ensuring their children’s safety and well-being, even after they are no longer around. Designating a guardian for minor children is a key part of estate planning that many overlook. Without a clear plan in place, the legal process of appointing a guardian can be time-consuming, emotionally […]
Quick answer: Setting up a living trust in Texas usually involves five connected steps: choose the right trust, name the trustee and successor trustee, create the document, sign the plan correctly, and fund or coordinate the appropriate assets. A downloaded trust agreement is not the finish line. The result depends on the document, the signing […]
Watch Austin Explain: Will vs. Trust in Texas: Which One Do You Actually Need? Austin B. Butts, JD, explains this Texas estate-planning issue and the practical choices families should understand. What Is a Revocable Living Trust? A revocable living trust is a flexible estate planning tool that allows individuals to manage their assets during their […]
Quick answer: An online service can help you prepare a valid Texas will, but “online” describes how the document was created—not whether it is legally effective. A standard will still needs the right content, a qualified testator, and a Texas-compliant signing process. Written by Austin B. Butts, JD. Austin is a Texas attorney whose State […]
Current SECURE Act guidance for inherited IRAs: the 10-year rule, possible annual distributions, eligible-beneficiary exceptions, and naming a trust as beneficiary.
Estate Planning Isn’t Defeat: A Vital Step for Peace of Mind During Breast Cancer Breast Cancer Awareness Month reminds us of the importance of supporting those facing a life-changing diagnosis. For many individuals battling cancer, estate planning is a task that gets put off due to a fear that taking this step somehow signals giving […]