Tuesday 24 January 2023

Estate Planning Considerations in a Community Property State (Like Texas)

Marital interest laws vary by state and can have a significant impact on estate planning for married couples. These laws determine how assets are owned and distributed between spouses. It is important to consider the specific laws of your state when creating an estate plan to ensure that your wishes for distribution of assets are […]

The post Estate Planning Considerations in a Community Property State (Like Texas) first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/estate-planning-community-property-state/?utm_source=rss&utm_medium=rss&utm_campaign=estate-planning-community-property-state

Thursday 19 January 2023

Unequal Inheritances: What’s Fair Isn’t Always Fair

In most cases, when people divide up their estate, they try to be as fair as possible. Whatever their portfolio of assets looks like, they typically try to parcel it out evenly between their children or heirs. However, in some cases, it may actually be more fair to leave unequal inheritances to your beneficiaries. There […]

The post Unequal Inheritances: What’s Fair Isn’t Always Fair first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/unequal-inheritances/?utm_source=rss&utm_medium=rss&utm_campaign=unequal-inheritances

Estate Planning Updates: It’s Time for a Little Spring Cleaning

Now that tax season is over, it’s time to turn our attention to getting organized and making updates to our estate plans. Estate planning up...