By Byron Berry | Published January 4, 2016 | Posted in Estate Planning / Probate, Estate Planning Law, Family Law, Probate Law | Comments Off on 5 Tips for Drafting Your Last Will and Testament
No one wants to think about dying or what will happen with the rest of the family after passing away. However, it’s very important to have a plan of action in place when it comes to the distribution of your estate and assets. That’s where having a will comes in handy. Your last will and Read More
Read MorePrepare for Your Financial Fresh Start Bankruptcy is oftentimes viewed to be the result of frivolous spending and being financially irresponsible. While this is sometimes the case, the truth of the matter is that filing for bankruptcy is simply a legal means of reorganizing or purging debts in order to bring about a fresh financial Read More
Read MoreI often get frustrated clients that come to me with a story that goes something like this: “My father died and I am his only child. He has a bank account and a stock brokerage account. His Will leaves everything to me and I even gave the financial institutions a copy, but they won’t turnover Read More
Read MoreIf you had a Will prepared by an attorney who did estate and tax planning in the 80’s, 90’s or early aughts, it probably had provisions to avoid estate taxes. This was a great idea at the time because for most of that period the maximum estate tax rate hovered around 50%. Simply put if Read More
Read MoreBy Byron R. Berry 1. How do I get started? Find the Last Will and Testament of the deceased. If you have made an exhaustive search and cannot find the Will, a copy will do. Take the document to your attorney, assuming your attorney does probate work, and decide if a probate proceeding is Read More
Read MoreBy Byron R. Berry One question that often comes up in connection with bankruptcy is “What will I get to keep?” The answer, surprisingly often, is “Everything.” But we need to look in more detail at “property exemptions” to see whether this answer likely applies to you. Most of these exemptions are by dollar amount. Read More
Read MoreTo many, estate planning is an overwhelming responsibility. While it may be tempting to procrastinate drafting a will, neglecting to do so can be devastating to your loved ones. Grieving family members are burdened with stress and confusion when there is no legal document laying out the desired outcome of your estate. The process, however, Read More
Read MoreIn my 28 years as an attorney, these questions seem to pop up again and again regarding Texas Bankruptcy: 1. I have heard I want to file Chapter 7. Why? Chapter 7 bankruptcy is often the quickest way to get a fresh start from credit card debt or medical bills while keeping your home, vehicles, personal Read More
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