As life expectancy increases, many add parents to wills

Posted on May 9th, 2012 No Comments

Individuals who have prepared their wills typically do not plan on being outlived by their parents. However, many people are finding that their parents are becoming increasingly dependent on them in their old age.

Children who end up having to take care of their parents spend an average of $3,500 a month on care, according to Met Life. If something were to happen to these benevolent children, it would leave their parents without the care they need.

This is why it’s becoming more important to have a plan in place for the tragic situation in which your parents outlive you.

If you need help preparing your will, contact the experienced Houston wills attorneys at Garg & Associates, P.C., at 281-362-2865.

Domestic Partnerships May Not Have Right to Estate Without Will

Posted on April 6th, 2011 No Comments

Among young people today, getting married is not always a given. Many people of younger generations no longer regard getting married as an inevitable part of life, and many couples are now in long-term relationships without marriage. If this is the case, the only way a person can receive their partner’s assets in the event of his or her death, is to put it in writing.

Spouses have certain legal rights to their deceased husband or wife’s estates, even without a written will. However, people who are in committed relationships but are not married essentially have no legal rights to their partner’s property in the event of a death, unless a will has been created.

If you or someone you love would like to create a will, please contact the Houston wills lawyers of Garg & Associates, P.C., at 281-362-2865.

Manager of Elizabeth Taylor May Receive Fortune

Posted on March 25th, 2011 No Comments

After the tragic passing of Elizabeth Taylor on Wednesday, some are now speculating as to who will receive her fortune. Her assets are estimated to be at over $360 million.

Reports have indicated that Taylor’s long-time manager and friend, Jason Winters, will be inheriting the money. The two became extremely close after Taylor suffered through divorce, bouts with pneumonia, and depression, that left her emotionally and physically crippled. Taylor credited Winters with helping her recover from her depression and the fear of leaving her house. He was said to have brought her back in the public eye after these hardships.

Taylor had four children, all of whom will be reading the will in the upcoming week. They have stated that they expect Winters to receive Taylor’s assets in the will.

If you would like help planning a will, please contact the Houston wills lawyers of Garg & Associates, P.C., at 281-362-2865.

Living Wills Could Be Nulled by “Conscience Law”

Posted on February 9th, 2011 No Comments

Efforts have been made to make changes to Idaho’s “Conscience Law,” which states that medical practitioners have the right to refuse to provide a service to a patient if it does not seem right to them, or violates the health care provider’s conscience. With the passing of this law, the living wills of patients will be disregarded.

Tom Loertscher, the Chairman of the House State Affairs Committee, has the opportunity to kill the bill, however, he is undecided on what he would like to do.

The bill directly defies an Idaho law which states that the wishes of people with living wills must be honored.

If you would like more information on living wills, please contact the Houston living will attorneys of Garg & Associates, P.C. at 281-362-2865.

Pennsylvania county gives free wills to emergency workers

Posted on January 27th, 2011 No Comments

A county in Pennsylvania is taking an unusual step to help protect the rights and interests of emergency workers who risk their lives to help others: offering free wills.

Only 20 percent of emergency responders, police officers, and firefighters across the United States have wills drawn up. If someone dies in the line of duty, often families are left to cope with affairs without the assistance of a will.

The county already held a similar event last year, in which 51 emergency responders and their significant others utilized the free legal services to create wills, living wills, and designated powers of attorney. They hope to hold two events each year.

The decision to create a will is never an easy one, but is a necessary step to take to protect your family. If you or someone you know needs assistance creating a will, contact our Houston wills attorney from Garg & Associates, P.C. by calling 281-362-2865.

2010: The Year to Inherit

Posted on July 8th, 2010 No Comments

According to the New Jersey Newsroom, there is no federal estate tax this year. In an incredibly clever allusion, the Newsroom writes, “Agatha Christie should be living at this hour. The creator of Hercule Poirot could concoct a terrific detective story about a bunch of greedy Americans who did in their old, wealthy relatives in order to inherit stuff from them.”

The bad news is the tax returns next year. But, there is an exemption for up to $1 million. The Newsroom suggests that you divide your money with your spouse. Hopefully, each of your amounts will be $1 million or less, and then you will be safe from the hefty taxes. The New Jersey Newsroom reports, “The new tax rate will be 55% for estates above $3 million and 60% for estates above $10 million.”

The moral of the story is to make your will today. Contact an expert Houston wills lawyer at Garg & Associates, PC, by dialing 281-362-2865.

firm info  |  practice areas  |  articles  |  faqs  |  blog  |  contact us  |  Site Map  |  resources  |   Find us on Google+   |   Log in

Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.