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FAQ

Frequently Asked Questions

Q:

WHAT IS ESTATE PLANNING?

A:

Estate planning arranges for the transfer of an individual personal property after death. This may involve a will and/or trust, or the application of state intestacy laws. Call Delvaille Law Firm in Houston, TX for all of your estate planning needs.

Q:

WHY DO I NEED TO PLAN?

A:

Estate planning allows an individual to decide exactly who is going to benefit from their estate and to what extent. It also ensures that the individuals' estate will not be destroyed by taxes imposed on the transfer of assets at death.

Q:

WHAT IS A GUARDIANSHIP?

A:

A guardian is a person appointed by the court to make healthcare and other non-monetary decisions for someone who is not able to do so themselves because of injury, illness or disability. Do not stay in the dark when it comes to the guardianship of those that mean the most to you, call Delvaille in Houston, TX today.

Q:

WILL MY BENEFICIARIES' INHERITANCE BE TAXED?

A:

Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. Any subsequent earnings on the inherited assets are taxable, however, unless it comes from a tax-free source.

Q:

WHAT IS A PROBATE?

A:

A probate is the process of proving to a probate court that the will is genuine.

Q:

WHAT IS A CONSERVATOR?

A:

If the court appoints someone to take care of financial matters or medical and personal decisions, that person is considered the "conservator".