By

stgvoellerlaw
When the time comes to make a plan for the distribution of your financial assets after you pass away, it is very important to understand the difference between a will and a trust. Both of these are legal documents that deal with the handling of your assets, but there are some definite differences between them....
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When people visit an elder law attorney, they often have concerns about how they will handle the financial issues related to aging and what they can leave behind for their loved ones. Making a solid plan for managing your estate means that your wishes are more likely to be carried out in a timely fashion...
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Elder law attorneys specialize in dealing with the legal issues that affect the elderly, such as planning an estate for a beneficiary or designating someone to make financial or medical decisions for an elderly person who is unable to do so. Since most aging people have many of the same issues, there are some questions...
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People who are planning their estates may often want to apply for Medicaid in order to cover the expense of long-term care. However, the application process and requirements for Medicaid assistance is a complex and ever-changing process. Here are some of the most frequently asked questions about Medicaid planning. Why is Medicaid Planning Needed? Even...
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If you’re thinking about doing estate planning, you might have one question taking shape in your mind: What’s the difference between a will and a trust, and which one is right for me? Estate planning laws in Texas aren’t incomprehensible, but the language and details used can make it appear to be daunting. Explanations about...
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Whether it’s starting a business, starting a marriage, becoming a parent, or losing a parent, significant life changes can have a substantial impact on your perspective for the future. The necessity to figure out how to best protect your children, your spouse, your finances, and your legacy is obvious; however, constructing an estate plan for...
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Most elder law attorneys handle a wide variety of legal matters that concern an older or disabled individual, including issues pertaining to health care, guardianship, retirement, long-term care planning, VA pension, social security, Medicare or Medicaid, and other essential matters. Elder law is a legal term which describes the area of legal practice that places...
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The state of Texas recognizes three types of wills as valid if they all possess two mutual requirements: The testator must be considered to be of sound mind and must be at least 18-years-old. Under these conditions, one would assume that a valid will is based on the wishes of a party who is functioning...
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Guardianship basics Age, disease, or accident may deprive a person of the capability to care for one’s personal or financial needs. Texas law suggests a method through which a guardian can handle that individual’s affairs under the oversight of the court. Filing for guardianship is a legal action of last resort when other attempts, such...
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Texas state probate law requires that all estate assets are gathered and that all the decedent’s remaining debts get settled out of those assets. Only after all liabilities have been resolved can the estate’s assets be allocated to the beneficiaries as outlined in the will or, if there is no will, according to Texas intestate...
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