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Recent Blog Posts
What to Include in Your Texas Residential Lease Agreement
Renting property to tenants can be lucrative and personally rewarding for Texas real estate owners. However, it is vital to ensure that the terms of a rental agreement are clearly outlined in an enforceable legal document. Residential lease agreements with missing provisions, vague language, or unclear terms put you at risk of disputes and costly litigation. As a landlord, it is your responsibility to ensure that your lease agreement protects you and your tenants.
Writing a Strong Residential Lease Agreement
The lease serves as the foundation of the tenant-landlord relationship. It is important that the document is carefully drafted, outlining all the necessary legal details of the arrangement. The following are some essential elements to include in a Texas residential lease agreement:
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Rent payments - One of the most important issues to clarify in your lease agreement is the amount of rent to be paid by tenants. Make sure to include how much the rent is, when rent is due, and how the tenants should pay the rent. Go into detail about the acceptable payment methods, what happens if a rent check bounces, and whether late fees will be charged if rent is late.
3 Reasons You Should Consider a Living Will
When discussing estate plans, people often emphasize the financial aspects of the estate planning process, such as asset distribution and tax issues. However, estate planning involves much more than property-related decisions.
A living will is an estate planning document used to make decisions about medical treatment. Have you ever thought about whether you would want to receive supplemental feeding or artificial ventilation if you became terminally ill? What are your thoughts about organ donation? A living will answer these questions and more. When creating a living will, you can decide what medical treatments you would want to receive if you become incapacitated. Drafting a living will is not only important for you, but also for your loved ones.
A Living Will Lets You Determine What Medical Treatment You Will Recieve
How to Avoid Probate When Transferring Real Estate to Heirs
Probate is the process of confirming that a deceased person’s assets are distributed correctly. If the person had a valid estate plan, the assets are distributed according to that plan. If the person did not have a will or any other estate planning documents addressing asset distribution, the assets are distributed according to Texas's intestate succession laws.
With regard to real estate, the process of passing a home down to heirs varies in complexity. There are several estate planning options available that greatly reduce or eliminate the role of probate in a transfer of real estate property. However, if an individual passes away without setting up estate planning instruments designed to avoid probate, the process is much more complicated.
Options for Avoiding Probate when Transferring a Home, Rental Property, or Vacation Home
A person’s home is often one of the most valuable assets they own. If you intend to transfer your home or another real estate property to your loved ones upon your death, make sure you understand the various ways of doing so. You can save your surviving loved ones substantial time and expense by designing your estate plans in a way that avoids probate for real estate assets.
Is a No-Contest Clause Enforceable in Texas?
For many people, one of the biggest concerns regarding estate planning is that their family members will argue over the terms of asset distribution. When this happens, the situation may lead to a will contest which can cost substantial time and money for everyone involved. Even more concerningly, will contests can lead to family disputes and intense animosity that lasts years.
To prevent these arguments, some estate plans include a no-contest clause or forfeiture clause. A no-contest clause states that if any beneficiary of an estate challenges the terms of the will in court, they may forfeit their inheritance altogether. Some states do not allow no-contest clauses. However, these provisions are allowed in Texas estate plans.
What is a No-Contest Clause in a Will?
A no-contest clause discourages a beneficiary from contesting or challenging the will. If a beneficiary does contest the will, this clause may allow the executor to exclude that beneficiary from receiving their inheritance. For example, a no-contest clause may say, "If any person contests or attempts to contest the validity of this agreement, he or she forfeits his or her share of the inheritance."
What Are the Most Common Misconceptions Surrounding Estate Planning?
Estate planning is an important process that involves making arrangements for managing and distributing your assets and property after your death. Despite its importance, many people put off estate planning or ignore it, leaving their assets vulnerable to unintended consequences. Failing to plan can result in your assets being distributed in ways you never intended, leading to possible family disputes and financial losses.
Today, we will discuss the myriad of misconceptions surrounding estate planning. If you are interested in estate planning, consider contacting an experienced estate planning attorney who can be your legal guide as you navigate the various aspects of the estate planning process.
Brief Overview of What Having Assets Means
First, let us discuss what having assets mean. Having assets means that an individual or entity owns property, investments, or other valuable possessions that have financial value. Assets can include physical property such as real estate, vehicles, or jewelry and intangible assets such as stocks, bonds, patents, or trademarks. Assets can also include cash or money in bank accounts. Essentially, anything that has value and can be converted into cash or used to generate income is considered an asset. Through estate planning, you can take measures to protect your assets.
What Are Some Common Misconceptions Regarding Probate?
Probate is the legal process that settles an estate of someone dies. The process involves the court-supervised distribution of the deceased person’s assets and the payment of their debts and taxes. It also helps to determine the validity of the deceased person’s will, identify their assets and liabilities, and pay any outstanding debts and taxes. When a will is present, probate aids in the distribution of remaining assets to the heirs or beneficiaries as specified.
The process can be rife with stress, particularly as family members try to balance the grief of their loved one’s death with the necessity of taking care of the deceased person’s estate. Today, we are going to review common misconceptions surrounding probate so that you understand the facts surrounding the process. If you ever need estate planning or probate assistance, contact an attorney who can guide you through the process while protecting your rights.
Balancing Grief with Estate Administration in the Aftermath of a Loved One’s Death
Losing a loved one is never easy. The aftermath of a loved one’s death can be an emotional and confusing time for surviving family members. One of the many responsibilities that often arise after a loved one passes away is settling all matters pertaining to your loved one’s estate. This involves making arrangements to distribute the deceased person’s property and assets. This can be a challenging task, especially when family members are grieving. Still, taking care of these matters is crucial to ensure the deceased’s wishes are honored and minimize potential conflicts among family members.
Balancing the loss of your loved one with the responsibilities of taking care of their estate can seem overwhelming, but it is possible with the proper legal guidance. Today, we will discuss considerations for anyone trying to balance their grief with the need to perform duties related to your loved one’s estate. If your loved one passed away and you are wondering how to move forward with any outstanding legal responsibilities, consider contacting an experienced estate planning attorney who will ensure that you understand your rights and can move forward confidently as you navigate this challenging time.
What Are the Most Common Challenges Families Face During Probate?
Probate is a legal process that settles a deceased person’s estate and can involve multiple steps, such as inventorying assets, paying debts and taxes, and distributing remaining assets to beneficiaries. In most cases, probate is not an enjoyable process and can be very difficult for families. The process can be highly complex and stir up deep-seeded emotional and familial conflicts, particularly if there is dispute regarding the distribution of assets or interpretation of the will.
Today, we will look at some of the most common challenges families may face when navigating the probate process. While the process can be rife with difficulties, having an experienced probate attorney to help guide you through the process can be enormously beneficial.
In What Situations May Someone Want to Create a Will Instead of a Trust?
There is no question that estate planning is a hugely important process that can have significant implications for someone’s life. Estate planning is a great way to provide security and guidance to your loved ones and relatives. If you have done any reading on estate planning, you have probably come across lots of information that discusses why trusts are, in some cases, a better alternative to wills, especially as a preferred means of testamentary transfer. While it is true that trusts do have a lot of benefits that a will cannot provide, it is also true that for some people, creating a will makes more sense than creating a trust.
In this blog, we will discuss specific situations where creating a will rather than a trust may make more sense. Furthermore, if you are interested in creating a will or would like to inquire about starting an estate plan, contact a knowledgeable estate planning attorney who will work to ensure your rights remain protected throughout the process and that your estate planning goals can be lawfully met.
Is It Possible to Arrange for Pet Care in Your Estate Plan?
It is not uncommon for people to treat their pets as if they were a member of their own families. Animals often serve as close companions to their human counterparts. But what happens if someone has a pet that has the chance to outlive them? Well, if you are the loving owner of a pet, you will be happy to learn there is indeed a way to include your pet as a part of your estate plan to ensure they will be cared for in the event of your death. Trusts involving animal care are authorized in the Texas trust code.
If you are interested in including your pet in a trust, understand that various requirements govern the use of pet trusts. For example, the animal in question must have been alive during the grantor's lifetime. If you are interested in utilizing a trust to care for your pet in the event they outlive you, consider contacting a skilled attorney, as pet trusts can be just as complex as any other form of trust.
14603 Huebner Rd., Bldg. 32, San Antonio, TX 78230
210-535-0870
