Own a home or are considering one in the future?
Brace yourself, but in Texas, a house doesn’t automatically go to you if your spouse dies…even if you bought it together and your name is on the title. There would have to be a legal process, whether probate or otherwise, that costs more time and money than if you made a plan today. Your home is one of your most valuable assets. You definitely don’t want to leave it to the State of Texas to decide how it should be distributed.
By Lorie Burch, Owner & Founding Attorney of Burch Law I am often asked when is it a good time to get a Will. There are many life events that may trigger the need for this planning, such as marriage, divorce, births, retirement. One of […]
Considering doing it yourself?
DIY estate planning might seem like a budget-friendly route, but while online templates promise to save you money upfront, consider this: a single mistake could cost your loved ones a fortune down the line.
It's like trying to fix your car with a YouTube tutorial – one tiny slip, and your engine's toast.
Just like that, a misplaced comma or overlooked detail in your estate documents could lead to costly legal battles or even assets going to the wrong people.
In conclusion: attorneys make MORE money when you spend LESS money on your plan!
Let’s dive into a topic that’s gained quite the reputation – DIY estate planning. It might sound like a cost-effective solution at first, but is it really as beneficial as it seems? Join us as we take you through the ups and downs of this […]
There are so many red flags when it comes to the practice of law. One of the biggest is the concept of DIY Wills and estate planning. DIY estate planning might sound tempting, but the consequences of making a mistake are far greater than misaligning […]
Estate planning attorneys might not be the most exciting topic to discuss, but it’s undeniably crucial. None of us can predict the future, but we can certainly prepare for it. That’s where law firms with expertise in estate planning come in. Think of them as […]
Ok, we get it, for many, there’s a certain thrill in tackling projects yourself. From building IKEA furniture to trying out new recipes, the do-it-yourself approach can be rewarding. Although my family knows to leave me alone while I’m trying to put together furniture, especially […]
By Lorie Burch, Owner & Founding Attorney of Burch Law So many people are under the false assumption that drafting a Will through an online form or Will kit is “better than nothing.” I disagree. An online Will is actually WORSE than nothing! You’ve been […]
The importance of doing it now
I know, I know, no one wants to think about punching their final ticket, but the reality is that it WILL happen and it COULD happen any day. So why, if you truly care about your loved ones and what you mean to them, would you go one more day without getting this vital planning done?
By Lorie L. Burch, Owner and Founding Attorney of Burch Law I know, I know, no one wants to think about punching their final ticket, but the reality is that it WILL happen and it COULD happen any day. So why, if you truly care […]
Most people find getting their Will, trust, or estate plan in place overwhelming, and one of our primary goals at Burch Law is to simplify this process. We have an advanced and modern approach that gets you started AND finished efficiently with a customized and thorough plan. At Burch Law, we get this done in three phases that are typically completed in 6-8 weeks, and we will guide you every step of the way.
By Lorie L. Burch, Owner and Founding Attorney of Burch Law Most people find getting their Will, trust, or estate plan in place overwhelming. “Where do I start? What decisions do I have to make? What information do I need to gather? How does it […]
Concerned about cost?
One of the most common questions we get is “how much is this going to cost?” And we get it, all of us here at Burch Law have other expenses and budgets to work with. We also know that our happiest clients focus on value rather than cost. If you’re unsure of how much should estate planning cost, click on the resources below.
By Lorie L. Burch, Owner and Founding Attorney of Burch Law Everyone wants to save money; we’re right there with you. But what we really want is the best deal; the best bang for your buck. No, we aren’t the lowest cost, but we are […]
By Lorie L. Burch, Owner and Founding Attorney of Burch Law One of the most common questions we get is “how much is this going to cost?” And we get it, all of us here at Burch Law have other expenses and budgets to work […]
By Lorie L. Burch, Owner & Founding Attorney of Burch Law I was recently on a business trip with my good friend and fellow attorney, Jaime Duggan. We were at dinner and wanting to pick out a bottle of wine. We both discovered that our […]
By Lorie Burch, Owner & Founding Attorney of Burch Law Hi, Lorie Burch here, your go to Wills & trusts attorney. We’re often asked, understandably, how much does it cost to get a Will. But the real question SHOULD be what is the cost of […]
Can I exclude my family?
Your family may not be the ones you want to make decisions for you or to inherit your assets or property. You don’t have to include anyone you don’t want to, but you have to have a solid plan in place to make sure it holds up. You may also want to consider the privacy of a revocable living trust rather than a Will that has to go through a public probate process.
Do I have to pay estate taxes?
Texas doesn’t have a state inheritance tax, so we are only subject to the federal estate tax. While the federal estate tax exemption is rather high, it can always change, so it’s important to work with your attorney to see if you need to do any planning now or in the future.
Unsure of your choices?
When you feel stuck in the details, you aren’t getting ANYTHING done and risking something happening before you make a plan.
So ask yourself: DO I WANT TO HAVE AN ESTATE PLAN? If the answer is “yes,” then get started NOW! Make the decision and the details will fall into place.
By Lorie L. Burch, Owner and Founding Attorney of Burch Law “Make the decision and the details will fall into place.” This is wise advice my sister once gave to me. She often says that she was a great role model growing up…for what NOT […]
Cost of Having a Will or Trust vs. No Planning at All
|Cost of plan
Individual: $950 - $2270 avg.
Couple: $1425 - $4770 avg.
Individual: $1900 - $4770 avg.
Couple: $2400 - $6770 avg.
|Potential legal fees
Probate court: $7,000 - $14,000+
Total fees: $17,000 - $29,000+
|Probate court: $3,500 - $7,000+
|Court time delay
Time to start: 9+ months
Total time delay: Years
|Time to start: 3+ months
|Who gets your home
|State of Texas decides
|Who gets your money & assets
|State of Texas decides
|Who is guardian of your children
|State of Texas decides
|When do kids get money & property
|*NOTE: These fees include: Living Will (Directive), Powers of Attorney – Medical & Financial, HIPAA Medical Release, Declaration of Guardian, Disposition of Remains, and Designation of Health Care Agent for Children.