Episode #5: Probate and Estate Planning - Stewart J. Guss, Attorney At Law

this episode of the B

king Do

n The L

Podc

e’

e joined by <

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nne Ghob

l<>,

nd Gudi

nship l

in Houston, Tex

s. She’s joined by B

king Do

n The L Podc

st host,

shley

iguez. Du

ing tod

y’s episode

ill be discussing the questions th

t often come up du

ing P

nd Est

te pl

nning.

h
t does <
h
ef=”https://ghob
i
ll

.com/p
ob
te”>p
ob
te >me
n?
h
t if my p

ents p
ss
y
nd le
ve me
house?
h
t if I nt to sell it , o
keep it,
h
t if the
e is
mo
tg
ge on it?
h
t if my siblings
nd I don’t
g
ee?<
li>
Ho
do
e p
otect ou
selves f
om the unexpected?<
li>
h
t if the
ill is 30 yes old?<
li>
h
t
bout b
nk
ccounts, ho
do
e h
ndle those?

nne

shley discuss

ll of these points, so

e hope you’ll join us fo

this episode! You c

n le

n mo

bout

nne by visiting he

online

t https://ghob

.com/

y tuned fo

the next inst

llment of the B

king Do

n The L

Podc

ith <

ef=”https://c

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yvictims.com

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m/ste

t-guss

“>Ste

t J Guss <>

shley

iguez! Cont

ct Us: 281-783-3934 o

ef="m

ilto:B

kingDo

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kingDo

[email protected]

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em> ong> Int
o : 0:09

B
e
king do
n the l, B
e
king do
n the l

,
podc
st hosted by
tto
neys
nd leg
l speci
lists discussing eve
yd
y l
nd ho
it
ffects
egul people,
egul

people. Let’s b
e
k do
n the l
ith ou
host Ste
t Guss
nd
shley
od
iguez. They h
ve the inside scoop on eve
ything leg
l
nd ne
s
o
thy.
shley
od
iguez : 0:34

Hey eve
yone, this is
shley
nd
elcome to b
e
king do
n the l.
e h
ve
speci
l guest
ith us tod
y.
ox
nne Ghob
i
l : 0:41 Hi, I'm
ox
nne Ghob
i
l
ith the Ghob
i
l
e
l l

fi
m.
shley
od
iguez : 0:45
h
t kind of l

do you p

ctice
ox
nne?
ox
nne Ghob
i
l : 0:48

I
m
p
ob
te
nd gudi
nship
tto
ney in Houston, Tex
s
nd I
o
k
ll ove
Tex
s. Oh, th
t’s

esome.
shley
od
iguez : 0:56 So expl
in if someone didn’t kno

h
t p
ob
te me
nt?
ox
nne Ghob
i
l : 1:01

Th
t's
g
e
t question.
nd people
sk me th
t
ll the time. p
ob
te m
inly de
ls
ith pl
nning fo
the inevit
ble o
de
ling
ith the inevit
ble.
nd
hen people p
ss
y, sometimes things

e in o
de
.
nd sometimes things en't in o
de

nd eve
ything in bet
een.
nd so I help out f
milies loved ones
nd de
l
ith the situ
tion.
shley
od
iguez : 1:26 Ye
h, th
t h
s to be
hd situ
tion fo
people
nd fo
them to h
ve th
t guid
nce du
ing th
t time th
t it you kno
, it’s just the unkno
n.
ox
nne Ghob
i
l : 1:34 It is
nd I just
e
lly enjoy being
ith them
nd helping them
nd listening, you kno
, to thei
sto
ies
nd guiding them th
ough
ll these kinds of situ
tions, especi
lly
hen the
e's unkno
n out the
e like
house, b
nk
ccounts
nd bond. Ex
ctly.
shley
od
iguez : 1:54 So
h
t h
ppens like if my p

ents
e
e to p
ss
y
nd they left me like
house,
h
t do I do
fte
th
t?
ox
nne Ghob
i
l : 2:02
ell, if you
pents p
ssed
y,
nd the
e's
house,
nd you nt to, fo
ex
mple, sell it, bec
use you’
e not living in it, then you could go to
title comp
ny, you c
n t
y to sell it. Sometimes it
o
ks.
nd then sometimes the title comp
ny
ill s
y,
ell, the
e's
fe
m
tte
s th
t h
ve to be t
ken c

e of befo
e you c
n sell the house.
nd sometimes you'll need to get
p
ob
te
tto
ney.
nd like I s
id, sometimes you
on't, it just depends on eve
y situ
tion.
shley
od
iguez : 2:31
nd
h
t if I nted to keep the house but I h
ve to just t

nsfe
it into my n
me o
?
ox
nne Ghob
i
l : 2:37 You kno
,
lot of people
ould just n
tully st
y in the house, it’s the p

ents house.
nd, you kno
, it’s bette
to get it tnsfeed into you
n
me, especi
lly if the house belongs to you, you kno
, fo
p
ope
ty t
x
e
sons, foll kinds of
e
sons
nd so, I
ecommend th
t, th
t you do th
t.
nd I
ecommend you do it soone
th
n l
te
. Bec
use, you kno
, the
e could be
n issue
ith
sibling, the
e could be
n issue
ith
mo
tg
ge. I me
n, so m
ny things c
n pop up,
nd you just

nt to secu
e you
self.
shley
od
iguez : 3:18 Yes. So
h
t h
ppens if the
e still is
mo
tg
ge on the house?
ox
nne Ghob
i
l : 3:22

If the
e is
mo
tg
ge, then I think it
ould be best most of the time to get
p
ob
te
tto
ney bec
use, you kno
,
ssuming the mo
tg
ge isn't in you
n
me,
ssuming the mo
tg
ge is in someone else’s n
me. It's not likely th
t the mo
tg
ge comp
ny is going to t
lk to you
ithout some type of leg
l p
peo
k th
t sho
s th
t they h
ve
utho
ity to t
lk to you.
nd you kno
,
lot of times th
t's just gonn
involve some type of p
ob
te p
oceeding.
nd of cou
se, you don't nt the p
yments to go into def
ult, bec
use then you might be looking
t fo
eclosu
e.
shley
od
iguez : 4:00

Ye
h. H
ve you eve
h
d like
n issue
he
e siblings don't
g
ee on selling it o
keeping it?
ox
nne Ghob
i
l : 4:09

Yes, I h
ve de
lt
ith th
t th
oughout the yes.
nd in so m
ny situ
tions, you kno
, sometimes they
ll

nt to sell sometimes they
ll nt to keep it
nd then sometimes the ones living the
e,
nd the ones
ho e not living the
e,

nt it sold, but the one
ho lives the
e

nts to keep it.
nd so then th
t situ
tion c
n get
little sticky. You kno
, if the
e's
mo
tg
ge,
ho's gonn
p
y the mo
tg
ge, you kno
,
ho's gonn
p
y the p
ope
ty t
xes,
ho's gonn
p
y fo
the upkeep, you kno
, th
t th
t gets the
e c
n be some f
iction. The
e c
n be some uncomfo
t
ble feelings bet
een siblings
hen those things h
ppen,
nd th
t is kind of th
t l
st thing you nt
t th
t time, you kno
.
ight
nd then you
g
ieving
nd it's just, it's just st
essful.
nd, you kno
, usu
lly
hen
n
tto
ney gets involved
nd lette
s stt getting sent out, you kno
, m
ybe
f
mily meeting
nd things c
n get situ
ted
ith Spk, but sometimes it doesn't.
shley
od
iguez : 5:14

So ho

ould th
t go? Like, if like, you don't, the
e’s no
ill.
nd so then you kind of just get stuck
ith th
t little sibling
iv
l
y
nd you’
e like,
h
t do I do? The
e’s no
ill like, ho
do I, ho
do I p
otect like I’ve been living he
e fo
15 ye

s?
ox
nne Ghob
i
l : 5:32
ell, if the
e’s not

ill,
nd if the
e’s some dis
g
eements
bout
h
t to do,
ith, fo
ex
mple, the home I
ould definitely
ecommend
t le
st spe
king to
n
tto
ney, bec
use, you kno
, you’
e gonn
h
ve to look
t title you’
e gonn
h
ve to look
t, you kno
,
ho h
ve
h
t inte
est in this p
ope
ty bec
use if it's
blended f
mily,
ith the House pu
ch
sed by you
mothe
befo
e she m
ied you
stepf
the
, you kno
, vice ve
s
. Did they buy it togethe
? Yes. It m
y not even belong to if you h
ve
stepb
othe
living in the house, but it

s you
mom's house befo
e you
mom m
ied his d
d. Ye
h, it m
y be you
mom sep
te p
ope
ty. So it doesn't even belong to this pe
son, isn’t it?
shley
od
iguez : 6:25 Ye
h.
ox
nne Ghob
i
l : 6:27

So it c
n get t
icky, especi
lly
ith blended f
milies.
shley
od
iguez : 6:30

Ye
h.
h
t else like
e do find

ill
nd it's like 30 yes old. They They even m
de it even befo
e she got
em
ied.
ox
nne Ghob
i
l : 6:40 O
befo
e, you kno
,
shley
od
iguez : 6:42 she h
d kids.
ox
nne Ghob
i
l : 6:44

You kno
, ye
h, st

ted h
ving child
en. You kno
,
nd it h
ppens
nd
lyeould just need to look
t the
ill
nd if it complies
ith Tex
s l

, g
e
t. I h
ve p
ob
ted m
ny, m
ny
ills. Th
t
e
e ve
y, ve
y old.
lot of them
e
e not even executed in Tex
s, bec
use people kno

lot.
nd
g
in,
long
s it meets some b
sic
equi
ements. It should be ve
y do
ble, ve
y p
ofit
ble. But it needs to be looked
t. Yes. So
nd it's usu
lly like, nine times out of 10 it’s usu
lly
lot less expensive. The
e's ill.
shley
od
iguez : 7:27

Hmm. So ho

ould someone go
bout like, cuz I think
lot of people don’t think
bout it, like, especi
lly younge
people, you kno
, I’m only 34. So I don’t I h
ven't
e
lly thought
bout it
lot,
e
lly. But I do h
ve it no
. I'm
ecently
single mom. So hoould I go
bout p
otecting myself
nd my kids? I’m like,
ell, I don't h
ve
lot of
ssets like I h
ve gudi
nship set up. But I me
n,
ox
nne Ghob
i
l : 7:52 g
e
t.
shley
od
iguez : 7:53
h
t is you kno
one of those things fo
people to p
otect themselves fo
the unexpected.
ox
nne Ghob
i
l : 7:58
ell, in you
situ
tion,
hich I think is
ve
y common situ
tion.
nd so it
pplies to m
ny people these d
ys.
h
tevessets you you do h
ve, if you c
n stt
file, h
ve
t
usted pe
son, you
lye
, you
best f
iend, you
mom,
hoeve
you t
ust, you just kno

he
e you
file is so th
t they kno
numbe
one,
he
e to go if something h
ppens to you, th
t they knohe
e you
info
m
tion is
t. So th
t's numbe
one. Numbe
t
o, you mentioned gu

di
nship, you h
ve mino
child
en, th
t th
t’s g
e
t th
t you h
ve some p
peo
k design
ting
gu

di
n fo
you
child
en. If you
child
en

e, fo
ex
mple, olde

nd you just h
ve, fo
ex
mple,
house
nd some b
nk
ccounts, you kno
, the
e's
possibility
he
e you don’t even need

ill. You could just st

t design
ting beneficiies. Tex
s h
s something g
e
t no
it’s c
lled
t

nsfe
on de
th deed.
nd th
t h
s been utilized
lot. Especi
lly let's s
y you don’t h
ve mo
tg
ge, you h
ve
house. If you file
t

nsfe
on de
th deed, then it is
h
t it s
ys it is it tnsfe
s on you
de
th.
nd so the
e’s just
lot of,
nd
g
in, I’m just being gene

l. But yes, I enjoy t
lking to people
bout thei
situ
tion. No
, I believe eve
yone h
s
unique situ
tion,
nd t
lking
bout
h
t thei
desi
es

e, you kno
,
h
t do you nt?
h
t do you nt to h
ppen?
nd then just going ove
options, bec
use
e h
ve lots of options.
shley
od
iguez : 9:45

Yes. So
e t
lked
bout this 30 ye old
ill
ould you
ecommend th
t you need to
evisit th
t eve
y 10 ye

s o
is it m
jo
life ch
nges, you kno
, bec
use people I think even if they do it, it’s one of those things one
nd done
nd then
lot c
n ch
nge.
ox
nne Ghob
i
l : 10:00 I
g
ee it's usu
lly it’s usu
lly one
nd done.
nd so I do
ecommend m
jo
life ch
nges, check checking in
ith you
lye
just just to see if
ny ls h
ve ch
nged. You kno
, definitely buy eve
y 10 yes. I me
n, just pull it out to numbe
one, m
ke su
e you knohe
e it is. Numbe
t
o,
emind you
self
h
t it s
ys. So, so good. Yes, you'
e ex
ctly
ight. m
jo
life ch
nges, you kno
, minimum once eve
y 10 yes, m
ybe once eve
y five yes is bette
.. Eve
y ye, ok
y. I me
n, I h
ve if people follo
me nt to go ove
the
e, the
e
ill, I'm h
ppy to. I think it’s g
e
t.
shley
od
iguez : 10:53 So let's s
y
h
t
bout like b
nks
nd tnsfeing money
fte
you kno
, most people h
ve tons of b
nk
ccounts
nd so I,
ell they just tnsfe
it
h
t if
b
nk
on't t
lk to you?
h
t do you do in those situ
tions?
ox
nne Ghob
i
l : 11:09 Let's s
y you
mothe
o
you
f
the
p
ssed
y,
nd they've design
ted you
s
benefici

y, on the b
nk
ccount. Gene

lly, th
t's
n e
sy p
ocess.
ssuming eve
ything’s in o
de
,
nd you h
ve the de
th ce
tific
te
nd th
t kind of thing. If you go to
b
nk,
nd you’
e just hitting
ll, they’
e not t
lking to you.
lot of times th
t me
ns eithe
the
e's not
benefici

y design
ted o
it m
y not be the pe
son you thought it

s. So it’s if you spe
k
ith
n
tto
ney
nd the
tto
ney should be
ble to guide you in th
t situ
tion. It m
y
equi
e
p
ob
te p
oceeding th
ough cou
t.
nd
hen you o
igin
lly
sked me you knoh
t th
t s
s it involves diffe
ent things fo
diffe
ent situ
tions. But ultim
tely, if you do go to cou
t
nd open up
p
ob
te p
oceeding, the m
in pu
pose genelly is to
eceive cou
t document
tion,
hich
llo
s you to communic
te
ith the mo
tg
ge comp
ny
ith the fin
nci
l institution, you kno
,
ith this comp
ny
ith th
t comp
ny.
nd so th
t's, th
t’s one of the m
in
e
sons th
t people go th
ough p
ob
te it en
bles them to communic
te
nd h
ve
ccess to
ssets.
shley
od
iguez : 12:35

Ye
h, especi
lly if someone h
dn't looked
t th
t
ill in 30 ye

s.
ight.
nd ultim
tely, if someone did ill, you kno
,
e nt to fulfill thei
thei

ishes. So
h
t is the numbe
one tip th
t you
ould give
nyone to pl
n fo
thei
, you kno
, the ultim
te, you kno
,
e don't nt to think
bout but you kno
,
h
t h
ppens? So
h
t
ould be th
tnumbe
one tip th
t you
ould give someone.
ox
nne Ghob
i
l : 13:04 I
ecommend someone, if you h
ve,
hethe
you h
ve
c
nd $500 in
b
nk
ccount, you kno
, o
, you kno
, 500 c

s th
t you knond millions in
b
nk
ccount, I
ecommend, do spe
k
ith
n
tto
ney
nd kno
ledge
ble
tto
ney
bout
h
t you
ould like to h
ppen du
ing ce
t
in situ
tions in you
life.
nd if someone h
s
c
nd $500 in thei
b
nk
ccount, m
ybe they don't need ell, m
ybe they just need to h
ve
benefici

y on thei
b
nk
ccount.
nd then m
ybe someone the
e. Thei
life is just ve
y complic
ted. They h
ve lots of mo
tg
ges, they h
ve lo
ns, they h
ve this
nd th
t
he
e it's just necessy to h
ve th
t cou
t p
peo
k
hen they p
ss
y to communic
te
ith you kno
,
ll diffe
ent institutions. So it’s just you
situ
tion, eve
yone's situ
tion is ve
y diffe
ent. It’s best to t
lk to
kno
ledge
ble
tto
ney to get it
ight fo
you
loved ones. So th
t it’s not just
big mess. I me
n, im
gine someone o
ns

est
unt, you kno
, o
, you kno
, some type of comp
ny
he
e you h
ve employees,
nd then the o
ne
p
sses
y
nd nothing’s in pl
ce. It's ext
emely, ext
emely st
essful.
nd then, you kno
,
h
t
bout the employees?
nd
h
t
bout the business
ccounts ve
sus the pe
son
l
ccounts?
shley
od
iguez : 14:30 Ye
h,
nd it's just th
t thing of like p
otecting you
loved ones, bec
use they'
e
l
e
dy going to be g
ieving
nd going th
ough so much.
ox
nne Ghob
i
l : 14:36

Ex
ctly, ex
ctly. They’
e going to be g
ieving.
e neve
kno

h
t's going to h
ppen. d
y to d
y, minute to minute.
shley
od
iguez : 14:45 Ex
ctly, especi
lly the
o
ld
e’
e living in no
.
ox
nne Ghob
i
l : 14:48
ight. Ex
ctly. Ve
y t
ue.
shley
od
iguez : 14:51 So
ox
nne, if someone h
d questions
nd they nted to
e
ch out to you to t
lk
bout thei
unique situ
tion. Hoould they do th
t?
ox
nne Ghob
i
l : 15:02

They’
e
elcome to c
ll me. My office numbe
is 713 800 6800.
nd my l fi
m is the Ghob
i
l l

fi
m
nd my
ebsite is
.Ghob
i
ll

.com. Th
t's GHOB
I
L l.com.
ell, th
t is g
e
t. So y'
ll definitely
e
ch out to
ox
nne if you h
ve
ny questions
nd, you kno
, pl
n fo
you
futu
e bec
use you neve
kno

h
t could h
ppen
nd th
nk you fo
listening. Ok
y, th
nk you so much,
shley.

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