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...
As a Texas parent of a child with a disability, you may feel accustomed to managing many aspects of your son or daughter’s life. You may maintain control over your child’s finances, for example. You may also make all or most of the decisions about health care, housing...
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...
1. Who Should Receive the Estate? For some, the passage of property equally to their descendants is the norm. However, each family dynamic is different, and your estate plan should reflect the same standards and ideals that you act on today. Many clients like to...
Having to go to court to settle the estate of a loved one is stressful on many levels. Litigation diminishes the value of your estate and delays its dispersal. Perhaps worst of all, estates embroiled in litigation due to ambiguity and questions about the deceased...
Now that you have a will, you may think that you are done. However, it is important to check your will periodically and make the necessary changes to ensure that your final wishes will be followed. Here are some reasons to update your will. Any changes in your...
You may believe that because a will names you as the executor of the estate, you have the authority to take care of matters in the way the testator expressed. The testator may have gone over all the details with you, and you feel confident of your ability to carry out...
In life, change is inevitable. Your estate plan may require updates to reflect those changes. Ensuring your estate plan documents remain relevant is the purpose of reviewing them each year. Here are important things to consider during your review. Have you Updated...
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...