Estate planning is evolving rapidly, driven by legal updates, tax law changes, and new strategies for protecting assets and ensuring a seamless transfer of wealth. From digital estate planning to evolving tax regulations, understanding these estate planning trends is crucial for maintaining a comprehensive and effective estate strategy. At Robbins Estate Law, we focus on helping clients navigate estate...
Continue ReadingEstate planning is the process of creating plans and legal documents to provide directions about how you would like your assets distributed after your death. Creating a comprehensive estate plan minimizes potential legal disputes, enables you to maximize the amount you leave to your loved ones, and provides financial security. By following the seven estate planning process steps, you...
Continue ReadingEstate planning is planning for the end of your life and what happens afterward. Unfortunately, estate planning myths abound, confusing many people, who may delay or avoid planning due to these widespread misconceptions. These myths can lead to increased expenses, legal issues, and other unintended consequences for your loved ones. This article debunks ten common estate planning myths to...
Continue ReadingEstate planning for families with significant assets requires more than drafting legal documents. Conversations about wealth distribution, responsibilities, and intentions shape the future of your estate and relationships among your heirs. If you have built a successful career and accumulated assets, discussing your plans with loved ones ensures that expectations are aligned and disputes are minimized. Starting this dialogue...
Continue ReadingEstate planning for high-net-worth families requires more than a basic will. Ensuring wealth remains protected, transitions smoothly, and aligns with long-term goals demands strategic legal and financial planning. Without clear instructions, assets may be subject to unnecessary taxation, mismanagement, or family disputes. Addressing these concerns early prevents complications for heirs. Structuring a plan with legal safeguards, tax efficiencies, and...
Continue ReadingMany people put off estate planning, believing they have plenty of time or assuming their assets will automatically pass to loved ones without issue. However, failing to create a legally sound estate plan can leave families facing financial hardships, unnecessary legal battles, and avoidable tax burdens. Texas law will determine how your estate is distributed, often with unintended consequences...
Continue ReadingEstate planning involves creating legal documents that provide instructions for your loved ones. Those documents become active after you die or if you cannot communicate your wishes. This article explores the estate planning services to expect when you work with an estate planning attorney, from creating a will to using trusts and similar assets and preparing for later life. ...
Continue ReadingMany believe creating a will is enough to plan for what happens before and after death. However, estate planning involves a broad range of tools and strategies designed to manage your property, finances, and healthcare decisions during your life and after. Understanding the difference between estate planning vs. a will—that a will is one component of a complete estate...
Continue ReadingTexas is one of only five states that offer ladybird deeds, a powerful estate planning tool. Included in this blog: So what is a ladybird deed, and why is it so special? A ladybird deed allows property owners to transfer ownership of their property to someone they select as a beneficiary upon their death. The deed bypasses the probate...
Continue ReadingAn individual’s passing may close the door on many possibilities, but it doesn’t always close the door on civil suits against the recently departed. If someone passed while owing you money, you can seek repayment from the estate of the person who passed (the decedent). However, you must make your claim on time. How long do you have to...
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