JUST VOTE The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. Another primary is upon us. A couple of years ago …
Many clients have asked me how to insure that a bank account or investment account passes to a particular person (spouse or child) without having to wait until a Will is probated. First, I would like to remind you that the amount of time its takes to probate an estate in Texas depends to a great extent on the type …
Continue reading “Joint Accounts with Right of Survivorship”
Can I first just say, “WHEW!” I am glad I am not still in law school. The Rule Against Perpetuities was one of those subjects the law school professor loved to “hide the ball” with us on. That is to say, confuse us to the point our heads hurt. The rule Against Perpetuities is a …
We all procrastinate. However, when it comes to estate planning, and particularly drafting a Will, it seems to get worse. Many couples think they are too young to need a Will or any kind of estate planning. But, as I have discussed in earlier columns and this is driven home to me every …
We Americans relish our freedoms. We want to live how we like, spend our hard-earned money on what we want and carry automatic rifles if we so desire. And we resist when the government tries to interfere with our lives. However, less than half of all Americans have even the most basic estate planning documents. …
Crazy question What do you own? The starting point for any Texas landowner in considering the legal issues he or she may face is to consider what the landowner actually owns. This week’s column will address some of the aspects of ownership. When land is acquired, through purchase or otherwise, a good starting point for …
As we watch the Houston Astros approach the end of the regular season, folks in Washington D.C. are talking about two significant changes that could affect us all. Senator Bernie Sanders has sponsored the 99.5 Percent Act (99.5% Act) and the Biden Administration is working on the Sensible Taxation and Equity Promotion (STEP) Act. While …
Continue reading “Don’t Look Now, but its Estate Tax May be Changing”
An area of law I am often questioned about revolves around building, replacing and maintaining fences. So I thought it would be an excellent subject for a column this week. Texas law does not require neighboring landowners to share in the costs or future maintenance of a boundary fence, unless a landowner has agreed to …
In the past, a common method of seller financing was through a Contract for Deed. In this transaction the seller and purchaser enter into an agreement that the purchaser will make payments over time and once a certain amount is paid the seller will deed the property to the purchaser. If you have previously or …
You would not believe what I have found right here in Walker County, Texas with regards to property records. Hand written, homemade, or instruments that have nothing to do with what they state they are, all purporting to convey property. Just this week, I had a family trying to refinance their property. Issue was, a …
