If you were making a list called "Words That Everyone Uses but not Everyone Understands", the word "trust" would be on that list. Most people have a general idea of what a trust is, but not everyone understands when they should consider having one. Isn't a Trust Just for Rich People? No, it isn't! There are situations in which "regular people" benefit from having a Texas trust! In … [Read more...] about What is a Trust and What are its Benefits?
Let's face it: for most people, getting and staying organized is hard. Organizing someone else's finances is not easy either. So, let's say that the time has come for you to step in and help your elderly friend or relative with their finances. If you are lucky, they asked for help at a time when they can guide you in figuring out where they left off and where you come in. If not, it is … [Read more...] about How to Help your Elderly Loved One Organize their Personal Business Affairs
Most people in their twenties do not consider getting a will to be high on their list of priorities. That is understandable. However, there are many reasons why you should consider having a will. Here are the most important ones: You have a child (whether the child lives with you or not) You have any assets (even a bank account, car, or personal items) You have debts and they could … [Read more...] about I’m too Young to have a will…. aren’t I?
Once you have visited with your attorney, given careful consideration to the contents of your Last Will and Testament, and filled out and returned any forms that your attorney has requested, your will is drafted and ready for your review. This post is a guide for our clients at Kalish Law Office. If you have another firm drafting your will, the steps and procedures may differ. However, all … [Read more...] about Now that You are Ready to Sign your Will ….
If you are considering becoming an organ, eye or tissue donor, you can access some valuable online information to help you make your decision. Laws relating to organ donation (as well as medical powers of attorney, durable powers of attorney, and wills/trusts) vary from state to state. The state of Texas maintains the website www.DonateLifeTexas.org. If you live in another state, your state … [Read more...] about Planning for the Future; Should you Become an Organ Donor?
If you are making a will for the first time (or updating one for the first time in a long time), this handy list will help guide you. No matter how small or large your estate, the answers to these questions are important. Who will be the ultimate beneficiary of most or all of your estate? What if the person(s) in item #1 dies before you do? Who will get their portion? What "special … [Read more...] about Decisions to Make About Your Will and Estate Plan
The laws governing wills vary state by state. When a person dies without a will, state law will determine who gets the property. This can result in unhappy surprises for the surviving family, especially in a step family situation. If you do not decide how you would like your property to be distributed and put this into writing it will be decided for you! So it is very important to be sure … [Read more...] about The “Why”, “When” and “How” of Having a Will