Estate Planning Series – Post #3: Does All Property Pass Under My Will? Probate v. Non-probate Assets

Not all property is automatically subject to the terms of your Will.  It can be made subject to it, but it is not automatic.  We call assets that pass according to your Will “Probate” assets, because they would come under a court’s jurisdiction should your Will ever be offered for probate. On the other hand, property or assets with designated …

Estate Planning Series – Post #2: What’s the Difference Between Community and Separate Property? Why Does it Matter?

Texas is a “community property” state because our inheritance laws are based on Spanish law, as are 7 other states. At least a century before there was equality between spouses, Texas law acknowledged marriage to be a partnership. That means that if you are married, there is a presumption that all of your property, assets, and income is community property and …

Hello from the Carpenter & Croft Team

Welcome! In every business, there are frequently asked questions.  Our goal with this blog is to provide some general information and answers about topics relevant to you.  Note that a general article or blog post is not a substitute for legal advice about your specific issue.  These articles are written to help explain some of the legal terms you may …