Blog


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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Sep

25

2019

image for Part 6: The Cost Of Probate Alternatives In Texas

Part 6: The Cost Of Probate Alternatives In Texas

Posted by: Adair M. Buckner

In this series of blogs, I am outlining various types of probates or probate alternatives to settle an estate and their likely costs. As I mentioned in the introduction to this series, the cost is predominantly determined by the type of procedure followed.

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Sep

18

2019

image for It's Not Too Late For A 'Postnup' Agreement

It's Not Too Late For A 'Postnup' Agreement

Posted by: Adair M. Buckner

There is good news. If you and your spouse can agree on the parameters, it’s not too late to outline how your property will be classified, as community or separate, how your joint finances will be handled, and support for children from prior marriages —even if you’re already married.

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Sep

18

2019

image for Part 5: The Cost Of A Full Dependent Administration

Part 5: The Cost Of A Full Dependent Administration

Posted by: Adair M. Buckner

In this series of blogs, I have outlined various different types of probates and probate alternatives to help you settle an estate and understand the potential costs. As I mentioned in the introduction to this series, the cost is predominantly determined by the type of procedure followed.

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Aug

1

2019

image for Why You Should Have A Statutory Durable Power Of Attorney

Why You Should Have A Statutory Durable Power Of Attorney

Posted by: Adair M. Buckner

An important component of an estate plan is a statutory durable power of attorney, otherwise called a general power of attorney. This power of attorney allows you to name an agent or agents to carry on business type activities on your behalf if for any reason you are not able to do so yourself.

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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.

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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?'

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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.

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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.

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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.

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