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 updates may not be at the top of your to-do list, but it’s important to ensure that your plans are up-to-date and reflect your current wishes. Getting Organized The first step […]

The post Estate Planning Updates: It’s Time for a Little Spring Cleaning first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/estate-planning-updates-its-time-for-spring-cleaning/?utm_source=rss&utm_medium=rss&utm_campaign=estate-planning-updates-its-time-for-spring-cleaning

Texas is One-of-a-Kind, and so is the Probate Process

Texas is known for its unique culture, and this extends all the way to its legal system. The probate process, in particular, is distinct from that of many other states, and it’s important to understand how it works. In this post, we’ll discuss several unique aspects of Texas probate, including how long you have to […]

The post Texas is One-of-a-Kind, and so is the Probate Process first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/texas-is-one-of-a-kind-and-so-is-probate-process/?utm_source=rss&utm_medium=rss&utm_campaign=texas-is-one-of-a-kind-and-so-is-probate-process

Marriage in Texas and Premarital and Prenuptial Agreements

Couples can make a lot of assumptions, as we all do. We may believe something we have on “good authority.” For example, couples may have an idea about how Texas deals with community property and the right of survivorship. However, that understanding may not be correct. Read on. Texas Prenuptial Agreements – Definitions Marital Property Agreements […]

The post Marriage in Texas and Premarital and Prenuptial Agreements first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/marriage-in-texas-and-premarital-and-prenuptial-agreements-2/?utm_source=rss&utm_medium=rss&utm_campaign=marriage-in-texas-and-premarital-and-prenuptial-agreements-2

Leaving an Inheritance: Now, Later, or a Little Bit of Both?

Leaving an inheritance is a significant financial decision that can impact both the giver and the receiver. While most people assume an inheritance is something passed down at the time of death, the truth is that many people choose to distribute inheritances to their loved ones while they are still alive—and some people even do […]

The post Leaving an Inheritance: Now, Later, or a Little Bit of Both? first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/leaving-an-inheritance-now-later-little-bit-both/?utm_source=rss&utm_medium=rss&utm_campaign=leaving-an-inheritance-now-later-little-bit-both

Should You Write Your Own Will and Other DIY Estate Planning Questions

With the influx of websites offering DIY legal services, it might be tempting to save some money and plan your estate by yourself. This, however, is probably not the best course of action. Determining how to distribute the assets you’ve worked a lifetime to accrue—as well as naming a legal guardian for your minor children […]

The post Should You Write Your Own Will and Other DIY Estate Planning Questions first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/should-you-write-your-own-will-diy-estate-planning/?utm_source=rss&utm_medium=rss&utm_campaign=should-you-write-your-own-will-diy-estate-planning

3 Realistic Goals to Help Safeguard Your Future, Starting Now

The New Year is a time for optimism, for making resolutions that will set you on the right foot for the next 12 months. As February rolls around, though, many of these resolutions may have fallen by the wayside. Luckily, it’s never too late to take charge of your life and to secure your future. […]

The post 3 Realistic Goals to Help Safeguard Your Future, Starting Now first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/three-realistic-goals/?utm_source=rss&utm_medium=rss&utm_campaign=three-realistic-goals

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

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

Legal Insurance for Estate Planning: Is It Worth It?

Most of us hope not to need emergency legal services during our lifetime. When we do need urgent legal assistance, not only are we likely to be completely overwhelmed by the circumstances themselves, but also by the legal fees associated with obtaining quality representation. This is where legal insurance can come into play. Many employers […]

The post Legal Insurance for Estate Planning: Is It Worth It? first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/legal-insurance-for-estate-planning/?utm_source=rss&utm_medium=rss&utm_campaign=legal-insurance-for-estate-planning

The Difference Between a Power of Attorney and a Guardianship

Everyone needs a backup plan to protect them from the possibility that they may lose the ability to manage their own affairs. Life, after all, is full of curve balls. You might suffer an incapacitating injury. Your mental health might take a dive. You could be afflicted with a degenerative disease, like Alzheimer’s or multiple […]

The post The Difference Between a Power of Attorney and a Guardianship first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/difference-between-power-of-attorney-and-guardianship/?utm_source=rss&utm_medium=rss&utm_campaign=difference-between-power-of-attorney-and-guardianship

5 Signs That Your Aging Loved Ones May Need More Care

All too often, life circumstances get in the way of family togetherness. We get caught up with work and raising our own children, and—the next thing we know—it’s been months or years since the last time we saw our families or aging loved ones. Fortunately, holidays, birthdays and other important milestones bring families together and […]

The post 5 Signs That Your Aging Loved Ones May Need More Care first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/5-signs-that-your-aging-loved-ones-may-need-more-care/?utm_source=rss&utm_medium=rss&utm_campaign=5-signs-that-your-aging-loved-ones-may-need-more-care

Estate Planning for the Sandwich Generation

The “Sandwich Generation” is a unique group of adults roughly between the ages of 40 and 60 who find themselves caring for both their children and their aging parents. It can be difficult juggling multiple caregiving responsibilities, especially when the people you’re caring for have very different needs. Oftentimes, members of the sandwich generation get […]

The post Estate Planning for the Sandwich Generation first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/estate-planning-for-the-sandwich-generation/?utm_source=rss&utm_medium=rss&utm_campaign=estate-planning-for-the-sandwich-generation

A Legacy, Tarnished: Don’t Make the Same Estate Planning Mistakes as Anne Heche

Anne Heche was an Emmy award-winning actress—you may know her from such blockbuster hits as Donnie Brasco and I Know What You Did Last Summer. Sadly, Heche died unexpectedly in a car crash in August 2022…but it’s not her death that’s making headlines. Heche’s failure to draft a will—or any estate planning documents, for that […]

The post A Legacy, Tarnished: Don’t Make the Same Estate Planning Mistakes as Anne Heche first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/a-legacy-tarnished-dont-make-the-same-estate-planning-mistakes-as-anne-heche/?utm_source=rss&utm_medium=rss&utm_campaign=a-legacy-tarnished-dont-make-the-same-estate-planning-mistakes-as-anne-heche

Talking to Parents About Estate Planning: How to Have “The Talk”

Talking to parents about estate planning can be difficult. It is, at its core, a conversation about what will happen when they are gone. Uncomfortable, for sure…but a conversation that needs to be had nonetheless. Contrary to popular belief, estate planning doesn’t have to be a “doom and gloom” topic. It should be about empowering […]

The post Talking to Parents About Estate Planning: How to Have “The Talk” first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/talking-to-parents-about-estate-planning-how-to-have-the-talk/?utm_source=rss&utm_medium=rss&utm_campaign=talking-to-parents-about-estate-planning-how-to-have-the-talk

How to Pay for Long Term Care, No Insurance or Savings Required

At this point in your life, you may not think it’s time to consider how you would pay for long term care, should you or your spouse need it. If your parents needed care, you might have gone through the exercise of planning with them…but what about for yourself? It is always better to start […]

The post How to Pay for Long Term Care, No Insurance or Savings Required first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/how-to-pay-for-long-term-care-no-insurance-or-savings-required/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-pay-for-long-term-care-no-insurance-or-savings-required

Choosing a Trustee: Family Trustee, Financial Advisor or Professional Fiduciary?

Sitting down and discussing estate planning for the first time, you may have determined that a trust is the best estate planning vehicle to meet your needs. You may not have considered, however, who you want to serve as your trustee. Determining who your beneficiaries will be and how to distribute your assets to them […]

The post Choosing a Trustee: Family Trustee, Financial Advisor or Professional Fiduciary? first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/choosing-a-trustee-family-trustee-financial-advisor-or-professional-fiduciary/?utm_source=rss&utm_medium=rss&utm_campaign=choosing-a-trustee-family-trustee-financial-advisor-or-professional-fiduciary

Legacy Planning: Leaving Money to Charity in Your Will

At the Hailey-Petty Law Firm, PLLC, we are not only dedicated to our clients, but also to supporting our local Austin and San Antonio communities. One event, in particular, that we sponsor is the Deerpark Ranger Run 5K, which is taking place on September 24th. All the funds raised will go directly to the Deerpark […]

The post Legacy Planning: Leaving Money to Charity in Your Will first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/legacy-planning-leaving-money-to-charity-in-your-will/?utm_source=rss&utm_medium=rss&utm_campaign=legacy-planning-leaving-money-to-charity-in-your-will

Hailey-Petty Law Firm, PLLC Announces New Office Locations in Austin & San Antonio, TX

New office locations will better accommodate the firm’s growing team, and provide more convenient access for clients. Austin & San Antonio, TX (29 August 2022) – The Hailey-Petty Law Firm announced today that the firm has expanded into two new office locations in Austin and San Antonio, Texas. Both offices are open and operational. The […]

The post Hailey-Petty Law Firm, PLLC Announces New Office Locations in Austin & San Antonio, TX first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/new-estate-planning-law-firm-locations-in-austin-san-antonio-tx/?utm_source=rss&utm_medium=rss&utm_campaign=new-estate-planning-law-firm-locations-in-austin-san-antonio-tx

What to do When a Loved One Dies: 3 Steps to Prepare for Probate

Dealing with the death of a loved one is always a difficult experience. As devastating as the emotional consequences of your loved one’s passing can be, they are compounded by having to deal with so many practical necessities, especially if you are named executor of their estate. This can be especially true if you have […]

The post What to do When a Loved One Dies: 3 Steps to Prepare for Probate first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/what-to-do-when-a-loved-one-dies-3-steps-to-prepare-for-probate/?utm_source=rss&utm_medium=rss&utm_campaign=what-to-do-when-a-loved-one-dies-3-steps-to-prepare-for-probate

Wills & Living Trusts: Don’t Believe Everything You Hear

Making heads or tails of the estate planning process—and the many documents associated with that process—can be confusing, to say the least. To complicate matters even more, there are many frequently perpetuated myths about wills and living trusts that, if not debunked, could leave you or your loved ones in a compromised position in the […]

The post Wills & Living Trusts: Don’t Believe Everything You Hear first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/wills-and-living-trusts-dont-believe-everything-you-hear/?utm_source=rss&utm_medium=rss&utm_campaign=wills-and-living-trusts-dont-believe-everything-you-hear