Blog


Jul

26

2019

image for Part 2: The Cost Of Probate As An Independent Administration In Texas

Part 2: The Cost Of Probate As An Independent Administration In Texas

Posted by: Adair M. Buckner

An independent administration is the form of probate available when a will contains the proper legal provisions authorizing the independent administration of the estate. This means you can avoid extensive court supervision of the handling of the estate once the will has been admitted to probate.

Read More

Jul

9

2019

image for What Is The Cost Of Probate Or Administration Of An Estate In Texas?

What Is The Cost Of Probate Or Administration Of An Estate In Texas?

Posted by: Adair M. Buckner

One of the first questions the family of a loved one that has passed will ask is, 'What will it cost to settle the estate in Texas?'

Read More

Jun

19

2019

image for Cost Of Incorporation

Cost Of Incorporation

Posted by: Adair M. Buckner

If an attorney handles incorporation for you, he or she should take all of the steps necessary to set you up to go forward conducting business according to sound legal requirements to preserve the protection that is a primary goal of incorporation. This would include filing a certificate of formation with the secretary of state, drawing up initial bylaws or operating agreement (for a LLC), drawing up minutes of the organizational meeting, issuing stock or membership interests (for a LLC), and providing forms for minutes on an ongoing basis.

Read More

Jun

13

2019

image for Cost Of Drawing Up A Will VS. Probate Without A Will

Cost Of Drawing Up A Will VS. Probate Without A Will

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.

Read More

May

2

2019

image for How Prenups Dovetail With Estate Planning

How Prenups Dovetail With Estate Planning

Posted by: Adair M. Buckner

In a previous blog, I discussed why prenups may be beneficial to a couple marrying, whether or not they are rich and famous. A key reason to have a prenup is to contractually bind the other spouse to a plan for disposition of both estates on the death of either of them. In absence of the prenup, unless the couple draw up a joint, contractual will, each spouse is free to change their will at any time, during or following the death of the other spouse. Joint, contractual wills are rarely done.

Read More

Apr

25

2019

image for Prenups Aren't Just For The Rich And Famous. 6 Reasons To Have A Prenuptial Agreement

Prenups Aren't Just For The Rich And Famous. 6 Reasons To Have A Prenuptial Agreement

Posted by: Adair M. Buckner

A primary purpose of a prenup is to override provisions under state law on many of these issues. A key prenup provision is that income on separate property remains separate property rather than being community property. This is not what state law provides otherwise. Before the marriage is the best time to give serious thought to these issues. However, if you are already married, a postnuptial agreement can still be done. Learn more about postnups here.

Read More

Apr

11

2019

image for What Is The Legal Process To Divide An Estate If There Is No Will?

What Is The Legal Process To Divide An Estate If There Is No Will?

Posted by: Adair M. Buckner

Families frequently come to me needing to know how to figure out who gets what when a loved one dies without a will. Unfortunately, the answer is that they may be in for a lot of expense and time in a very complicated legal proceeding.

Read More

Apr

4

2019

image for Should I Incorporate?

Should I Incorporate?

Posted by: Adair M. Buckner

Three key factors that go into making the decision of whether to incorporate or not are; Liability Protection For Personal Assets, Income Tax Pros & Cons, Business Management Pros & Cons.

Read More

Dec

20

2018

image for Why You Should Start Estate Planning In Your 20's

Why You Should Start Estate Planning In Your 20's

Posted by: Adair M. Buckner

Estate planning isn't just for rich or older individuals. Even young, asset-poor 20-somethings should start thinking about how their property will be distributed in the event of a tragedy. Drawing up an estate plan is not as much an action you need to take for yourself, but one you should take for your loved ones.

Read More

Sep

27

2018

image for Worried About A Loved One's Ability To Take Care Of Their Own Affairs?

Worried About A Loved One's Ability To Take Care Of Their Own Affairs?

Posted by: Adair M. Buckner

Hopefully, you recognize the issue before its too late to pre-plan. The time to seriously review all of a loved one's financial and estate planning affairs is in the early stages of Dementia or Alzheimer's. Progression of the degree of incapacity varies from person to person. Obviously, a visit to a physician for a diagnosis and treatment plan should be your first priority. Then a visit to an attorney should be next.

Read More