Estate Planning Workaround idea needs work

To a certain extent, everyone does some of their own estate planning without consulting their attorney. Once you understand the context and effect of a decision, you don’t always need to ask your lawyer’s opinion. That said, there are some planning concepts that are very technical and, if done incorrectly, can cause heartache, increase expenses, block progress, or increase taxes (among a few of the possible negatives).

Will Liability Iceberg Sink Finances?

if the assistance you provide strains your own finances so you don’t have funds to provide for yourself, then you must cease. Further, if your friends and their families have been pressuring you into these gifts, they may be illegally exploiting your generosity. Gifts must come from your desire to help, not from their requests for assistance.

How to protect yourself from a spouse’s debt

n Texas, under the Texas Family Code, if the debt is unsecured (like a credit card or a student loan) then she should be more concerned. She is liable for his acts only if 1) she was acting as agent for him, or 2) the debt was for necessaries like food and clothing. Her separate property is not liable for his debts unless she also signed the debt contract.

Delinquent Property Taxes under Mortgage or Probate

The Texas Tax Code generally allows qualified homeowners to a) defer their taxes (but during deferral they are classified as delinquent, and the taxes must eventually be paid with interest), or to b) pay the tax bill in four equal quarterly installments. The Code also says that taxes become delinquent if not paid by the initial due date (usually February 1 each year).

What Texas laws says about accessing decedent’s safe deposit box

Safe deposit boxes are intended to be secure. Granting access has been quite strict in the past, but over the years the Texas Legislature has modified and clarified those laws to allow access under certain circumstances. Historically, when any safe deposit box renter died, the box was sealed until either 1) a court order allowing access was obtained, or 2) the court-appointed Executor presented the bank with Letters Testamentary from the court.