If you live in Texas, you may have heard of the anti-lapse statute. This law is designed to protect the property rights of beneficiaries who are named in a will. Under the statute, if a beneficiary dies before the will-maker, their interest in the estate will not lapse. Instead, their interest will go to their…
TX-LW Blogs
Can You Benefit from a Will If You Murder your Spouse? The Texas Slayer Rule
Have you ever wondered if someone can inherit from an estate if they kill their spouse? This is what is commonly called the “Slayer Rule”. In this blog post, we will explore the realities of the law in Texas. What is a will? In Texas, a will is a legal document that outlines how you…
Does a Bank Signature Card Create a Survivorship Agreement?
A bank signature card is a document that lists the names of the people who are authorized to sign checks and other documents on behalf of the bank account holder. This document is also sometimes referred to as a “check-signing card” or an “authorization card.” The purpose of this document is to give the bank…
Does a Letter to Your Attorney Count as a Change to Your Will?
Introduction A will is a legal document that dictates what happens to your possessions and assets after you die. In Texas, a will must be in writing and signed by two witnesses, as well as the person making the will (the “testator”). The witnesses cannot be related to the testator by blood or marriage. There…
Does a Power of Attorney End at Death?
Introduction In Texas, a power of attorney (POA) is a legal document that grants someone else the authority to act on your behalf. This can be for financial or medical decisions, and is often used if the person named in the POA is unable to make decisions for themselves. But what happens to a POA…
8 Things to Know about Living Trusts in Texas
Introduction A living trust is a legal arrangement in which you, the grantor, transfer property to a trustee. The trustee then manages the property for the benefit of a named beneficiary or beneficiaries. Living trusts are created during the grantor’s lifetime and can be revocable or irrevocable. Texas has specific laws governing living trusts, so…
What Is a Special Needs Trust?
Introduction A special needs trust is a type of trust fund established to provide supplemental financial support for a disabled individual, without jeopardizing their eligibility for government benefits. If you’re the parent or guardian of a disabled individual in Texas, setting up a special needs trust may be something you’ve considered in order to provide…
Texas Taxes: Is an Owner Liable for Business Taxes?
When one thinks of Texas and taxes, the idea that Texas does not have an income tax may come to mind. This is true. Texas does not currently have an income tax. This does not mean that Texas does not collect taxes. Texas collects taxes–and a lot of taxes. This includes everything from property taxes……
How to File a Small Estate Affidavit in Texas
Introduction The process of probate can be a long and complicated one, especially if the estate in question is large. But what if the estate is small? In Texas, there is a process known as a small estate affidavit that can be used in these cases. In this blog post, we will walk you through…