Archive for September, 2010

What Happens When I Die?

Tuesday, September 21st, 2010

Here Is How It WorksWhen a person dies and leaves a savings account, home, and other property titled in his/her name, it usually requires a court order to change the title of property. So, even if you do have a will, your family will have to request probate through the ...

Why Law Firm Billing and Trust Account Systems Must Work in Tandem

Monday, September 20th, 2010

Choosing Legal-Specific Billing Software Law firms typically require legal-specific billing programs to handle a variety of client billing arrangements, such as hourly, fixed and contingency fees. However, law firms often select a billing system without adequately analyzing their trust bookkeeping requirements. While attorneys understand the importance of complying with stringent trust ...

Living Trusts in Texas

Sunday, September 19th, 2010

IntroductionA living trust (also called an "intervivos trust") is a specific kind of land trust designed to hold property (primarily real estate) during the life of the trustor in order to avoid probate and reduce estate/inheritance taxes at the time of the trustor's death. It is to be distinguished from ...