Collin County Probate Lawyers: Avoiding Probate with a Roth IRA

Many people plan for their retirement by using Roth IRAs due to their great tax benefits, but most don’t know that Roth IRAs are also excellent for avoiding probate. First, here are some basics about tax planning with Roth IRAs that Collin County probate lawyers typically go over with their clients: Unlike traditional IRAs and other retirement accounts, contributions to a Roth IRA are not tax deductible. Read More

Plano Will Lawyer Offers Essential Estate Planning Considerations for Parents

Being a responsible parent is usually associated with bedtime stories with toddlers, homework reminders for grade schoolers and trying to decide whether or not your teenager is responsible enough to drive to school on his or her own. Creating an estate plan for those children is not something we usually associate with responsible parenting, but it is just as important as everything else. No one likes to think Read More

Plano Probate Attorney Reveals 8 Important Steps to Take After the Death of a Loved One

As a Plano Probate Law Office, we are commonly asked, “What are the most important steps I need to take after the death of a loved one?” While each situation is different, there are eight general tasks that we advise families to start with when attempting to finalize their loved one’s affairs and close out the estate. They are as follows: 1. Secure all property- Secure and lock up all property and valuables, Read More

Plano Will and Trust Lawyer: How to Ensure Your Estate Plan Doesn’t Spark a Family Feud

Unfortunately, family feuds that center around someone’s will or trust are a tale as old as time. Even if this is not something you have personally experienced, you may have heard a few horror stories. While family squabbles after the death of a loved one are not always avoidable, there are a few strategies that can be utilized to decrease the possibility: If you have dependents, plan for the “what if.” Read More

Plano Elder Law Lawyer: 5 Red Flags of Financial Abuse

The elderly are too often targets of unscrupulous individuals who may try to take an unsuspecting senior’s money. Seniors are especially vulnerable as they become less cognitively able and thus more dependent on other adults. Unfortunately, elder financial abuse is common in Texas. Here are some red flags to watch out for with your elderly relative:   New friends who aren’t peers. If someone new comes into your Read More

Plano Will and Trust Lawyer: Should My Will Have Co-Executors?

When making an estate plan and Last Will and Testament, many people have a difficult time deciding who should be the Executor of their estate. Often, they will consider naming Co-Executors – two or more people who serve as executor of the estate. Each Co-Executor named in your Last Will and Testament will have authority over your estate, and therefore must collaborate and work together to ensure your estate is Read More

Plano Estate Planning Lawyer: 3 Estate Planning Mistakes to Avoid

Recent studies have shown that only a little more than half of all Americans have a Will or Trust document in place to direct their estate after they pass away, and that the vast majority of those documents have not been updated in the last five years. Even worse, it’s been reported that most adult children are unaware if their parents even have an estate plan and would be unable to find estate planning documents, if Read More

Plano Estate Planning Attorney: What’s the Difference Between an Executor and a Power of Attorney?

One of the many questions Plano estate planning lawyers get asked is how long is a Power of Attorney effective? The answer to that question is complicated in the beginning, but very simple at the end: depending on what type of Power of Attorney you have, it may be in effect as soon as it’s signed (Durable Power of Attorney) or only when it’s determined that you can no longer handle your own financial affairs Read More

Plano Special Needs Lawyer: Will Receiving an Inheritance Cause Me to Lose My Government Benefits?

As a Plano special needs lawyer, I often receive questions about whether a disabled individual can continue to receive benefits after receiving an inheritance. The answer is that it really depends on the type of benefit that is being collected. Social Security Disability Insurance (SSDI) SSDI is a government benefit that helps those with disabilities. Individuals are eligible to receive SSDI if they are Read More

Ask a Plano Probate Lawyer: “My Mother Just Passed-Away. What Paperwork Do I Need?”

After the loss of a loved one, there’s so much to do. You need to communicate with family members, plan the funeral, and begin the process of settling their estate. As a Plano probate lawyer, I can help you along these lines by giving you a list of important documents that you should gather to begin closing out your loved one’s final affairs. The documents needed will vary depending on the person and their assets. As Read More