What Does A Transfer On Death Deed in Texas Do? There is a snappy little document called a “transfer on death deed” that is very much in vogue right now. You can use it to transfer your real property in Texas upon your death, making it a valuable tool if your estate plan is geared toward avoiding probate. If you are leaping to your computer to download an internet form of the deed, you may … [Read more...] about What Is A Transfer on Death Deed (TODD) In Texas?
A Disaster for Many.. Transfer on death deeds, legal in Texas since 2015, have been heralded as the latest, greatest method for keeping real property out of probate. The goal behind them is laudable: provide a simple mechanism for transferring ownership of land to a beneficiary when the owner dies, no probate required. Four years later, how’s that working for us? Not so good. Let’s … [Read more...] about Transfer on Death Deeds in Texas
Barriers Abound, Can A Deceased File A Lawsuit? Take note: a dead person cannot file a lawsuit. Obvious, you say? Well, apparently obvious is never a barrier to stupidity, so we have a long line of cases where appellate courts have had to clarify that dead people can’t litigate. Here are a few gems. “A deceased person does not have an actual or legal existence and thus cannot … [Read more...] about Litigating from the Grave: Claimant Dies Before Lawsuit
Want to save yourself 3 hours of a hard-sell at a “free educational seminar” on estate planning? Here are the short answers to the teaser questions in that unsolicited mailing you received. Will or Trust? A will is a writing that does not become binding until after you die and the document is accepted by a judge in a court probate proceeding. The will disposes of all of the assets that pass … [Read more...] about Avoiding the Rubber Chicken Seminar, Simple Answers to Teaser Questions
Traditionally estate planning involves planning for transfer of ownership on death. Wills, trusts, transfer on death deeds, beneficiary designations, joint accounts with rights of survivorship are all tools to transfer ownership of property on death. Just as important, or perhaps more important is planning for the rest of your life. A person can begin withdrawals from an IRA or 401K as early as … [Read more...] about Estate Planning for Life
Choosing a Natural End Documents That Make Life and Death Easier You know that you can always refuse life-sustaining medical treatment. The tricky part comes when you are no longer able to understand your options or communicate your wishes to the health-care professionals. While Texas may not yet condone physician-assisted suicide or mercy killing, it is all-in for permitting the natural process … [Read more...] about 4 Healthcare Documents That You Need