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Oct

20

2021

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Do I Need A Trust? - When You Should & Shouldn't Set Up A Living 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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Oct

13

2021

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How Much Probate Costs With And Without A Will In Texas

Posted by: Adair M. Buckner

Many people are afraid of drawing up a will and doing other estate planning because of the perceived high cost. The truth is, drawing up a will is a small cost compared to the cost of probate of an estate if you die without a will and own almost any property.

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Jul

15

2021

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What Is Involved In Setting Up A Living Trust

Posted by: Adair M. Buckner

Setting up a living trust is the best way to ensure your assets are passed onto the right people if you pass away. So how do you start the process?

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May

6

2021

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How Much Does It Cost To Set Up A Trust?

Posted by: Adair M. Buckner

A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.

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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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Oct

15

2020

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What Is The Simplest Probate In Texas When There Is No Will?

Posted by: Adair M. Buckner

If your loved one died without a Will, transferring his or her assets to beneficiaries can be quite difficult. If no action is taken, assets will not be properly transferred and the beneficiaries will have to take some legal action down the road to straighten out the situation. In some cases, a costly determination of heirship proceeding and dependent administration of the estate may be required.

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Sep

10

2020

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The Difference Between Statutory Transfer On Death Deed & Lady Bird Deed

Posted by: Adair M. Buckner

Two terms are used in the state of Texas to describe a deed that automatically transfers title to real estate you own on your death a transfer on death deed and a Lady Bird Deed (LBD). The distinction between these two deeds is subtle, but very important.

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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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May

14

2020

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Why Parents Of Young Children Need Wills

Posted by: Adair M. Buckner

Most young parents don't want to even think about the possibility of death and see no need for estate planning. However, if a tragedy struck and both parents of minor children were killed, the situation left for their loved ones to deal with is extremely complicated, expensive, and emotional.

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Nov

1

2019

image for The Holidays: The Perfect Time To Talk To Your Family About Legal Arrangements

The Holidays: The Perfect Time To Talk To Your Family About Legal Arrangements

Posted by: Adair M. Buckner

The holidays are a perfect time, while family and friends are gathered together (safely distanced, of course), to discuss whether estate planning and related legal matters are in order. It is a difficult subject to approach, but it is much better to be brave and tackle the subject than to avoid the discussion and regret later that plans which should have been made were not and you're left with a mess to deal with.

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