The Allen Firm, P.C.

Don’t leave your family in a mess – digitally speaking. This is a new development and ongoing conversation in the estate planning world but here are a few things we would enjoy speaking with you about as far as your estate plan is concerned: 1. Identifying and addressing digital assets (social media accounts; cryptocurrencies; online businesses, related) in your Will or Trust. 2. Determine how you want these assets handled after your death. 3. Appointing an executor who is knowledgeable and capable of handling digital assets. 4. Providing your heirs the necessary account and access information for these things. Do not overlook digital assets in your estate planning. Want to talk about this? us a call today.

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Know this about mineral rights- 1. Mineral rights can be owned by someone other than the owner of the surface. 2. The owner of the minerals has a right to lease them, and this may impact the surface use (could be a problem if surface owner is a different person). 3. Fights between the surface owner and mineral owners seem to always be about how the mineral owner will use the surface to produce minerals. They can get bad quick. If you are purchasing land – it’s helpful to get a good idea if you are getting any minerals. Need help preparing an agreement concerning surface use or minerals? Give us a call today. PS. There is hope - Texas has a rich history of great relationships between surface owners and mineral owners – just play nice and everyone wins.

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Meet Our Team Series: Get to Know The Allen Firm! At The Allen Firm, we're more than just legal experts; we're a dedicated team committed to supporting you every step of the way. Over the next few weeks, we'll be introducing you to the incredible individuals who make our firm exceptional. From seasoned attorneys to our friendly support staff, each team member plays a vital role in delivering personalized legal guidance and exceptional service. We can't wait for you to meet the faces behind The Allen Firm! #MeetTheTeam #TheAllenFirm #LegalGuides #TeamSpotlight

This money goes to the designated person. We were talking about the difference between these two things: Probate Asset VS Non-Probate Asset It’s time for non-probate assets. Non-Probate assets examples: ? Life insurance policies with designated beneficiaries. ? Retirement accounts with designated beneficiaries. ? Bank accounts with payable/transfer on death designations. ? Trust assets. Essentially, if there is a beneficiary named, it will be a non-probate asset. Meaning, it will not pass in accordance with your Will through the probate process. Non-probate assets do not require a probate to get to the beneficiary – usually the company holding the money will require a copy of the death certificate before releasing funds. Question? Give us a call today. PS. Remember, probate is NOT scary so give us a call before you start taking actions to put beneficiary designations on everything. There are good reasons to have property pass through the plan in your Will.

Balance, Empowerment, Success! At The Allen Firm, we understand the challenges of balancing a legal career and family life. Our Acorn Lawyer Super Mom program offers flexible work hours, comprehensive support, and a community of like-minded professionals. Ready to take control of your career? Join us today! https://lnkd.in/gdPB4sRU #EmpoweredMoms #LegalSupport #CareerFlexibility #AcornAttorney #AllenLawFirm

Meet Our Team Series: Get to Know The Allen Firm! At The Allen Firm, we're more than just legal experts; we're a dedicated team committed to supporting you every step of the way. Over the next few weeks, we'll be introducing you to the incredible individuals who make our firm exceptional. From seasoned attorneys to our friendly support staff, each team member plays a vital role in delivering personalized legal guidance and exceptional service. We can't wait for you to meet the faces behind The Allen Firm! #MeetTheTeam #TheAllenFirm #LegalGuides #TeamSpotlight

Stop blaming Probate for everything. You can save yourself a lot of problems and craft a great plan if you know the difference between these two things: Probate Asset VS Non-Probate Asset Today, lets cover probate assets. Probate assets examples: ? Property solely owned by a deceased individual. ? Personal property and household items. ? Bank accounts and Life Insurance without beneficiary designated. ? Interests in businesses owned solely by the deceased. Probate assets pass according to the instructions in your Will. Which is a good thing. Actually, it’s a great thing because the assets are going to the beneficiaries according to a thought-out plan in the Will. Next week, we’ll cover non-probate assets. Question? Give us a call today.

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