Having a durable power of attorney in place can eliminate uncertainty in the event of medical emergencies or incapacitation. Contact our experienced estate planning attorneys at Hailey-Petty Law Firm, PLLC to learn more.
The post What Is A Durable Power Of Attorney? first appeared on Hailey-Petty Law Firm, PLLC.Being named executor of a loved one’s estate can be overwhelming. Inevitably, the responsibility arrives at a time already rife with stress and rarely is a person well-prepared for the job. If you are in this position, educating yourself about the scope of the executor’s role is an important first step.
The post What Does it Mean to Be Named Executor of an Estate in Texas? first appeared on Hailey-Petty Law Firm, PLLC.A Designation of Guardianship serves two essential purposes. First, it allows you to designate a person to act as your guardian should you become incapacitated, and second, it allows you to designate a guardian to any minor children or children with special needs in case of your premature death. Each of these purposes presents a lot to think about and so it is worth looking at them separately.
The post The Importance of Guardianship Designations in Estate Planning first appeared on Hailey-Petty Law Firm, PLLC.In the after math of losing a loved one, nobody relishes the experience of navigating a complex, often trying legal process. This said, not all probate experiences are equal. Depending on the process required for your case, the experience can be relatively painless, especially if you entrust an experienced attorney to guide you through the many steps.
The post The Many Forms of Texas Probate first appeared on Hailey-Petty Law Firm, PLLC.An effective business succession plan will give the business an opportunity to maximize its assets, minimize tax liability and always sustain a seamless running of the business.
The post The Importance of Family Business Succession Planning first appeared on Hailey-Petty Law Firm, PLLC.This past year has taught all of us that tomorrow cannot be taken for granted, leading to an increasing number of people to plan and many more to recognize the need to speak to parents about doing the same. If you are an adult child trying to figure out how to talk to your aging mother or father about estate planning, let the following five tips serve as a guide.
The post Five Tips for Talking to Aging Parents About Estate Planning Needs first appeared on Hailey-Petty Law Firm, PLLC.In Texas, when a person dies without a will an administrator must be appointed by the court in order to administer the estate and assumes the responsibility of compiling the deceased’s assets, paying any liabilities, and distributing the remaining assets to those deemed as beneficiaries.
The post What Happens If You Die Without A Will in Texas? first appeared on Hailey-Petty Law Firm, PLLC.
