When someone dies and leaves behind a legacy in Texas, it may lead to conflict if one of the beneficiaries feels as if he or she did not receive everything the deceased intended. Inheritance conflicts arise for many reasons. However, many such battles revolve around...
While you may already have your will and other aspects of your estate in place, you may not know how to reduce the cost of estate planning. Where should you start? Kiplinger explores strategies for navigating the financial aspects of estate planning. Make sure that...
While developing an estate plan is crucial, reviewing it is equally so. Your plan should change right alongside your life, and when it does not your wishes for your assets may not be honored. When should you review your estate plan? General reviews are recommended...
Sometimes referred to as “gray divorce,” people aged 50 and older are divorcing in ever-increasing numbers. In fact, according to the CDC, in 2017 the average divorce rate was 2.9 divorces for every 1,000 Americans, dropping from 4.7 per 1,000 Americans in 1990. Older...
Along with developing a will and trust, you must also choose an executor for your estate. This person will oversee your affairs after you are gone, settling your debts and making sure heirs receive assets according to your wishes. Being an executor is a big...
Residents in Texas like you have put time and effort into your estate plan. Unfortunately, this is not something you can do once and forget about. Your estate plan must reflect the current state of your life. In other words, you should update it throughout the years...
When it comes to estate planning, a will is only the beginning. Many people should also consider implementing a trust, which can safeguard your assets and ensure your final wishes are carried out after you are gone. As explained by CNN Money, there are many trusts to...
Becoming the executor or administrator of a decedent's estate in Texas is a big responsibility. According to the American Bar Association, you have to handle debts and expenses, manage estate assets and fund bequests to named beneficiaries. Once these tasks are...
While people may go to great lengths to organize their estate, without someone to oversee its execution their efforts may prove futile. People who desire to see their end-of-life wishes honored and their legacy carried on should focus their attention on finding...
Texas residents like you put time and effort into crafting your estate plan. You must include all aspects of life in it. After all, your estate plan is what others will use to handle your assets after your passing. This means that your estate plan must get updated...