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Why Is a Will Important for the Future of Your Estate?
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Sheehan Law, PLLC Blog

Why Is a Will Important for the Future of Your Estate?

Have you prepared a living trust or a will? If not, then you are not alone. A Caring.com survey estimates that only 42 percent of American adults have put together their estate planning documents. This is pretty startling considering what can happen if your estate falls into probate. Take the case of famous Texas real …

How Do I Know If I Should Contest a Will?

Contesting a will can be a very difficult procedure that presents some unique challenges in court. Most wills go through probate without any problems. However, every once and a while, something will halt the proceedings. If a will fails to meet certain requirements, or the will maker was not legally of age or sound mind, …

What Are Some Common Misconceptions About a Power of Attorney?

In estate planning, a power of attorney is a written legal document that offers power and authority to another person over specific things on your behalf. It allows another person to “step into your shoes” with tasks that can be either very general or extremely specific. In order to be considered a power of attorney, …

How to Arrange Your Inheritance for Your Children in Your Estate Plan

A crucial part of your estate plan involves the distribution of your property and assets to your children. These instructions for your kids should be clearly laid out in your will or living trust, and so it’s important to know all of the components you should be including. What Are My Property Arrangement Options? – …

How to Negotiate a Commercial Real Estate Lease

There is technically a standard agreement for commercial leases that is outlined by TAR (the Texas Association of Realtors), but if you draft a lease with your real estate attorney instead, it will give you much more leeway and allowance for detail. Your business is very likely to obtain significant agreements with your landlord, depending …

What To Do If You’re Buying Your First Texas Home

As a first-time homebuyer in Texas, the home buying process can seem terrifying and overwhelming. Buying a home is usually the first big purchase of a person’s life, so going into such a big and unknown process can be intimidating. However, if you go into the experience prepared, you’ll know exactly the steps to take …

What is a Living Trust, and Do I Need One Instead of a Will?

Death is an uncomfortable subject, but it’s an important one to talk about. It’s a given that everyone should have a legal document dictating the division of their assets upon death. But the question is, do you really need a will, or is there another option? There is – but it might not be for …

New Opportunities Under Tax Cuts and Jobs Act

Congress has just passed, and President Trump is expected to sign the Tax Cuts and Jobs Act. Although continued study of the bill will undoubtedly reveal additional opportunities I can share with you and your family, I wanted to provide some of my immediate impressions. Significant Changes to Business Taxation If you own a business …

What do I need besides a will?

Having a will that successfully transfers your assets under Texas and federal law is the most important estate planning document you can have, and is very likely the only one you will need. However, a thorough and well-drafted estate plan will include several other documents covering every possibility or contingency, no matter how remote or …

Requirements for a valid deed in Texas

Drafting a valid deed or conveyance of land in Texas, in its most basic form, is subject to a number of statutory and common-law requirements, many of which date back hundreds of years to their basis in England during the Dark Ages. These broadly relate to the following: These are only the basics of a …