Blog


Apr

14

2021

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When Can You Do A Small Estate Affidavit Procedure In Texas?

Posted by: Adair M. Buckner

Frequently, people whose loved one dies without a Will fail to take any action to transfer property because they dont think the estate is large enough to mess with. This leaves loose ends that must be dealt with years later, when finding the people necessary to legally make the transfer is much harder. To avoid this result, the State of Texas allows the heirs to legally transfer assets at very little expense through a procedure called a Small Estate Affidavit.

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Apr

7

2021

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What Do I Do If A Loved One Dies Without A Will?

Posted by: Adair M. Buckner

When a loved one dies without a Will, you have two options: determination of heirship or Affidavit of Heirship. These are the steps involved in both proceedings, as well as best practices to follow.

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Mar

11

2021

image for Caution: Be Sure To Set Up Beneficiary Designations Correctly On Life Insurance, Retirement Accounts, Brokerage Accounts, & Bank Accounts

Caution: Be Sure To Set Up Beneficiary Designations Correctly On Life Insurance, Retirement Accounts, Brokerage Accounts, & Bank Accounts

Posted by: Adair Buckner

Have you selected multiple beneficiaries on your life insurance, retirement account, and bank account? Now is a good time to double-check.

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Feb

22

2021

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Slick Trick In Texas To Transfer Real Estate Without Probate

Posted by: Adair M. Buckner

Texas law has recognized an estate planning trick that is extremely effective and low cost, called a deed with an enhanced retained life estate or “Lady Bird” deed. This tool can be used for all types of real estate interests.

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Feb

2

2021

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Probate Process In Texas Is Not That Scary

Posted by: Adair M. Buckner

The thought of having to do a probate for a deceased loved one is often scary. Although the legal process can appear complicated to a layman, an experienced probate attorney can comfortably guide you through the process.

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Oct

8

2020

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How Much Does It Cost To Set Up A Guardianship?

Posted by: Adair M. Buckner

I frequently get calls about setting up a guardianship for a person who cannot manage their own affairs. Unfortunately, the people calling have no idea the expense involved in setting up a guardianship. Guardianships are complicated and time consuming. To put it simply, guardianships are very expensive. There are many steps involved in establishing a guardianship and a great deal of court involvement.

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Aug

20

2020

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Do I Need A Trust?

Posted by: Adair M. Buckner

I frequently am asked by prospective estate planning clients, "Do I need a trust?" The answer is the classic one: It depends.

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Jul

23

2020

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Do I Have To Probate If There Was A Will?

Posted by: Adair M. Buckner

I have addressed in another blog several steps that can be taken as part of the estate planning process that help avoid the need for probate. If those steps were not taken, a full probate still may not be needed.

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Jul

2

2020

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The Average Cost Of A Determination Of Heirship Proceeding In Texas

Posted by: Adair M. Buckner

A small estate affidavit will not always work, however. In some situations, you may need a determination of heirship. If you find yourself in this situation, make sure you have an experienced attorney to guide you through the steps involved. Otherwise, it is easy to feel overwhelmed by the process.

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Jun

25

2020

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When Is A Living Trust A Waste Of Money

Posted by: Adair M. Buckner

One of my biggest pet peeves over the years has been the over-selling of living trust packages to folks doing their estate planning. There are definitely times when a living trust is a good estate planning tool. However, for many individuals a living trust is an unnecessary expense.

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