Moved to Texas? Need to update estate planning docs?


So you've moved to Texas. Now what? Do your estate planning documents from another state still work? Should they be updated? The answer is that it depends, but it's probably a good idea to update your documents. Wills from another state may have different language and may not provide for independent administration in regards to probate. As a result, it's probably in your best interest to update those docs so that they can move through the Texas probate process in the most expedient manner. Your living trust should be fine in all 50 states, but if your living trust is older, then it might just be time to update the document anyways, especially in light of some of the tax changes that have occurred about 5 years ago. Many financial institutions already do not like to accept


durable powers of attorney, so it's probably a good idea to have the best power of attorney that you can find and to ask your pertinent institutions if they will accept your power of attorney should the need arise. Further, there are great benefits to having assets in your living trust with appropriate provisions so that your durable power of attorney may not even come into play. In summary, while it may not always be necessary, it's not a bad idea to consider having your documents updated from both a state perspective and to take into account the most relevant provisions which may not have been included in your older documents. by Mike Massey, JD, MBA, MPA your Austin Wills & Trust Attorney for Affordable Estate Planning


1 view

Mike Massey JD, MBA, MPA just might be the 195th most interesting person in Texas. He has 4 college degrees and he's working on a 5th:  BBS Accounting; MPA Master's in Professional Accounting; JD Law Degree; MBA Master's in Business Administration; BBS in Biblical Studies (in progress).

Read More

FOLLOW US

  • Yelp Social Icon
  • LinkedIn Social Icon
  • Facebook Social Icon

Locations:

Austin Arboretum: 8911 N. Cap TX Hwy, #3210, 78738

Austin Westlake: 418 Grace Ln, 78746

Houston: 10810 Katy Fwy, #102, 77043

San Antonio: by appointment only

¡Se habla español!

Subscribe to our newsletter

© 2020 Mike Massey Law.  Managing Attorney Mike Massey, 8911 Capital of Texas Hwy, Ste 3210, Austin, TX, 78759.  Email: mike@MyTxWills.com.  Phone: 888-407-2407.  Mike Massey, Texas Bar # 24032584. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Privacy Statement.  Prices can vary based on your unique situation and potential add-on services.  Prices for in-office (in person) meetings typically cost more than virtual meetings that are done over the phone instead of in person.  Prices for virtual estate planning do not include an execution ceremony or notary, as those services are not available with our discounted virtual estate planning packages. If your a personal injury case client on a contingency fee, then if we do not win, you will not be responsible for attorney's fees, court costs, or litigation expenses, but if we do win money for you via a settlement or court verdict, then attorney's fees, court costs, litigation expenses and unpaid medical bills will be taken from your share of the recovery. Mike Massey Law is not responsible for your unpaid medical bills.

FAQ's, Q&A, Answers, Information on this site: The materials presented on this site are intended for informational purposes only. These materials should not be used as legal advice applicable to the reader's specific situation. In addition, our provision of this information to the reader in no way constitutes an attorney-client relationship. No action should be taken on information provided within this website without counsel from a professional attorney. The request or receipt of any information from this website or any of the attorneys in our employ does not signify our acceptance to represent the recipient of this information.  It is our intention that all materials posted on this site be up to date and correct. However this information is subject to change without notice and should not be relied upon for accuracy and pertinence to the reader's specific circumstances.

*Note on Contingency Fees: No attorney’s fees unless you recover. Court costs, litigation expenses, and medical bills are paid from your share of the recovery. If there is no recovery, you will not be responsible for any court costs or litigation expenses, except for unpaid medical bills.