When you draft your Texas estate plan, you may have concerns about leaving money or assets to a particular child or beneficiary because you question how that individual might spend it. Maybe your child is too young to be able to make sound decisions about what to do...
If you want to help your heirs avoid probate, you are far from unique. Many Americans go into estate planning with the main goal of keeping as much as possible away from the probate courts. Given that probate can take a very long time and be very expensive, it makes...
When a person works on a comprehensive estate plan, many important documents play a role. These documents include beneficiary forms, advanced medical directives and sometimes a letter of intent. Two of the most primary documents, wills and trusts, often create...
If your recently deceased loved one lacked an estate plan, you may find yourself in the throes of probate. Some or all of the estate's assets must go through the Texas-established process of dividing property. This might involve decisions that inheriting parties or...
The responsibilities of an estate administrator can involve some financial liability, and you could face some expensive consequences if you mismanage the estate during the probate process. According to MarketWatch, administering the estate correctly includes...
If you have welcomed a new baby recently, you may worry something may happen to you or your spouse. After all, even though the average life expectancy in the U.S. is 78.8 years, many younger Americans die of cancer, heart disease, respiratory ailments, unintentional...
Texas estate plans often include trusts with an individual named specifically for administering the contents. Managing a trust requires significant time and commitment, and a trustee has a broad range of fiduciary responsibilities. If a loved one appointed you as...
After your death, your estate usually has to go through probate. However, some of your assets may be non-probate assets. During the probate process, the executor of your estate generally has to collect all your assets and distribute them to the beneficiaries. Some of...
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...
Advance directives let you make important decisions about end-of-life care. If you are familiar with the concept of a living will, then you already have an idea of what these documents do. Each state has slightly different regulations and laws concerning advance...