Austin Probate Lawyer

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Entries from November 2007

Singles Need Estate Plans, Wills More Than Couples

November 29th, 2007 · No Comments

With more and more people staying single for like or divorcing and returning to single-dom, it turns out that singles need a plan more than couples.
Because so many parts of life and end of life planning are done at age milestones, singles often forget to do such things as purchase life insurance or create an estate […]

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Widow Leaves Fortune to Chinese Restaurant

November 28th, 2007 · No Comments

A wealthy British widow left her 10 million pound fortune to the owners of a Chinese restaurant near her house. She cut her family out of the will in favor of the restaurant owners whom she apparently looked on as family.
The woman’s five nieces and nephews are challenging the will claiming their aunt, who died […]

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Inheritance May Affect SSI

November 19th, 2007 · No Comments

When a person dies and leaves money to a relative that is on SSI (Supplemental Security Income), that inheritance may affect the relative’s eligibility for SSI.
According to the current rules, a person cannot have more than $2000 in resources and be on SSI. If they temporarily have more than $2000 in resources, they are ineligible […]

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57% of Americans Don’t Have Wills

November 19th, 2007 · No Comments

According to a report by Bankrate, Inc., 57% of Americans do no have a written will. 69% of Americans with children under 18 do not have a will.
The poll, which comes out in the November segment of Bankrate’s Literary Series, shows that 76% of Americans do recognize the importance of a will but simply don’t […]

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Aging BabyBoomers Strain System

November 16th, 2007 · No Comments

As America’s population gets older, it places an enormous strain on programs designed to help the elderly.
The “silver tsunami” represents a challenge to maintaining senior citizen programs considering that by 2030, the government fully expects 20% of the population to be age 65 and older. In Northern Alabama, NARCOG maintains 22 different senior citizen centers. […]

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