By Jennifer Triplett | Published June 6, 2018 | Posted in Uncategorized | Comments Off on Trusts for Blended Families
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Trusts for Blended Families
A blended family is one that includes at least one spouse with a child or children from a prior marriage. The structure of a blended family can vary greatly and can include a husband with his own children, a wife with her own children, and even children born to the husband and wife together. In Read More
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Do I Have To Hire An Attorney?
So, do you have to hire an attorney to navigate the probate court process in Texas? Most of the time, yes. Texas courts usually require an executor to be represented by an attorney in a probate matter because an executor not only represents himself, but also the interests of beneficiaries and creditors. Texas law only Read More
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WHAT IF MY SPOUSE & I DIE TOGETHER? WHO WILL CARE FOR OUR MINOR CHILDREN?
Guardianship Questions: Q. If my spouse and I die together, where would our children live for the first day or week or month until a judge can determine who will be their guardian? What if there are relatives we absolutely don’t want them to live with, even temporarily? A. There is no simple answer to Read More
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THE BENEFITS OF HAVING AN ESTATE PLAN
There are a number of reasons that people create estate plans. By taking the time to plan your estate you will also be able to: Leave an Intentional Legacy to Your Family If you want to make sure your spouse is taken care of when you die and that there are no complications, unnecessary legal Read More
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WHAT DO DIGITAL ASSETS HAVE TO DO WITH ESTATE PLANNING?
What is a digital asset and why do I care? If you have an email account, social media access, or use your computer to access accounts – you have digital assets. As we go through our day-to-day lives, we do not often consider – what happens to these accounts when I die or become incapacitated? Read More
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5 Goals of Estate Planning for Farmers
1. Transfer Ownership: The primary goal of estate planning is to facilitate the transfer of ownership and management of the farm business, farmland, and other assets. Estate planning ensures that the farm/ranch will be passed along to the intended party with as few complications as possible, and per your wishes, taking into account family situations, Read More
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Estate Planning for Blended Families
Issue 1: Simple wills inadequate to protect children from previous marriages: Joe (age 77) and Beth (age 75) are in a long-term second marriage. Joe has two children from a previous marriage, Ashley (age 50) and Dawn (age 48). Beth also has two children from a previous marriage, Jeremy (age 45) and Jason (age 44). Read More
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Dealing with Digital Assets in Your Estate Plan
In the 21st century, we now have to plan not only for financial and personal assets, but also for digital assets. We often forget to plan for these accounts. In Missouri, there is no law regarding digital assets. But that doesn’t mean we can’t take steps to plan. There are many reasons to do so, Read More
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Estate Planning for People with Minor Children; Guardianship
For most young parents, writing a will is less about leaving their assets than it is about naming guardians for the kids. The guardian you name in your will is the person who would take over if both you and the other parent were unavailable to raise your children. That’s very unlikely, but worth addressing Read More
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Estate Planning for the Real Estate Investor
As with most businesses, estate planning for those in the real estate investment business presents a unique set of challenges. Lender concerns, tax considerations, asset protection and family business dynamics can all play a role and there can often be tension between these areas of concern. Who Owns the Property? One of the first questions Read More
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