Often when it comes to probate, the most important asset is the old family home. It may be the home you grew up in, and it is sometimes likely that the children may not want to see that home sold. However, often that is a likely result of probate if the beneficiaries...
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...
The advent of COVID-19 has impacted all areas of society. It has forced industries to get creative, and the legal field is no exception. Requirements for things to occur in person now put people at risk, and innovative solutions must be found so that the same...
Your aging parent wants you to serve as a guardian, which involves becoming a money manager. While you manage your finances well, you may have little to no experience managing someone else's. What should you know to take proper financial care of your loved one? ...
If you don’t have a lot of money or property, you might be thinking that you don’t need a Will. However, creating a Will can be important for anyone. For instance: Items of Sentimental Value Over the years, you may have acquired items of particular sentimental...
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...
When a Texas estate must go through probate, the executor must initiate the process with the county court where the deceased person lived. Understanding the general steps involved in probate can help the administration of an estate go more smoothly. Review the...
It doesn’t happen often, but on occasion, someone defending against legal action can pass away unexpectedly. In many cases, this ends the legal action. For example, you can’t press criminal charges against someone that is no longer alive. However, it is a bit...
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 named as executor of an estate, the executor has a number of responsibilities to care for that estate and make sure it is divided to the heirs. One such responsibility is to pay the taxes on the estate before the distributions even begin. As an executor, you are...