Free Consultation: (512) 222-9239Tap to Call This Lawyer
Elizabeth A. Sabol
Sabol Law PLLC, Estate Planning & Probate in Central Texas
Badges
Claimed Lawyer ProfileOffers Video ConferencingQ&A
Practice Areas
- Estate Planning
- Health Care Directives, Trusts, Wills
- Probate
- Probate Administration
- Elder Law
- Tax Law
Video Conferencing
- FaceTime
- Google Meet
- Skype
- Zoom
- Microsoft Teams
Fees
- Free Consultation
- Credit Cards Accepted
Jurisdictions Admitted to Practice
- Texas
- State Bar of Texas
- ID Number: 24106383
Languages
- English: Spoken, Written
Professional Experience
- Sabol Law PLLC
- - Current
- Osborne, Helman, Knebel & Scott
- -
Education
- The University of Texas School of Law
- Pennsylvania State University - University Park
- B.S. | Accounting
Professional Associations
- Texas State Bar # 24106383
- - Current
- Certified Public Accountant, Texas
- - Current
Websites & Blogs
- Website
- Sabol Law PLLC
Legal Answers
3 Questions Answered
- Q. Can I get a loan for my current house, place it in LLC, rent it out, and use the money from the loan to buy a new house?
- A: While everyone could benefit from consulting with an attorney - and this website doesn't count! - you REALLY need to talk to one. Your idea is not at all unusual, but I see issues with: 1) property taxes (you don't want to screw up your homestead exemption for your primary residence); 2) invalidating the potential loan agreement (lenders will often require you to live in the house as your primary residence for a fixed period of time); 3) a complicated entity structure (is a series LLC appropriate? A "plain vanilla" LLC?); 4) income tax issues (should the rental income be run through its own entity or taxed as a sole proprietorship?); and 5) complicated estate planning (owning ... Read More
- Q. Hello... how to separate a real estate from the marriage community property in TX?
- A: First, I'd want to know more about how the property was acquired in the first place. Are you sure it's community property? If it was given to only you as a gift even after marriage (eg, because your dad paid for 100% of the land but put you on the deed), it's still likely separate property, which your wife would have no claim on in a divorce. (Only community assets are subject to the court's equitable division of marital property - but do keep in mind your separate assets may sway the court on what's truly "equitable").
Are you also asking about what happens to your dad's interest in the property if he dies and leaves it to you? Like gifts, property ... Read More
- Q. I have received a consent to independent administration. Should I sign?
- A: In Texas, estates are administered as either independent or dependent administration. A dependent administration requires a much much greater level of court oversight and approval for anything the executor wants to do. Unless the will provides for independent administration, or if the estate beneficiaries consent to independent administration (your issue), the court will require dependent administration.
Whether you should sign or not depends on whether you trust the executor. Agreeing to independent administration will generally lower court and lawyer fees, but at the expense of oversight by the probate court. A Texas attorney can advise you on whether agreeing to independent administration ... Read More
Contact & Map