201604.21
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5 Things to Remember When Planning For Divorce

Many people spend hours and even years planning for the “perfect” wedding.  It’s not appealing to think that you may one day have to plan for a divorce, but when faced with the possibility, there are steps you can take to help pave the way for a smoother split from your spouse.  Remember these simple…

201604.19
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The Bill of Rights for Wards

Texas Estates Code Chapter § 1151.351 Bill of Rights for Wards (A) A ward has all the rights, benefits, responsibilities, and privileges granted by the constitution and laws of this state and the United States, except where specifically limited by a court-ordered guardianship or where otherwise lawfully restricted. (B) Unless limited by a court or otherwise restricted…

201604.16
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Witnesses and Notaries

Estate planning  documents and Advanced Directives are so important that most  require some type of confirmation:  a notary,  witnesses or both a notary and witnesses. Now let’s move to formalities. For Wills that are typed, the signature by the testator (the person making the Will) must be witnessed by two individuals who are at least…

201604.15
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Vesting Property

When someone dies, the property in his estate vests immediately in either his devisees (the people named in his Will)  or in his heirs at law (if he was foolish enough not to have a Will). Suppose TRS owns a yacht.  He executes a Will that states his son, Theodore, will inherit the yacht.    The…

201603.24
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After the Divorce

The judge’s signature on your divorce decree does more than make you single –  it erases your ex-spouse from a slew of important documents. As of the date of divorce, the following occurs automatically: Your durable power of attorney – the powers granted to your ex-spouse are terminated. Your life insurance policy – your ex-spouse…

201603.22
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Provisional Credit and Statute of Limitations

Pay attention to these two terms:  “Provisional Credit” and “Statute of Limitations.” A provisional credit occurs when a bank puts $ in your account while it is collecting an item from a third party.  The bank reserves the right to pull the $ from you if it can’t ultimately collect on the item. The term…