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An important part of your estate plan is determining who will assume the role of power of attorney. These individuals will act on your behalf to make decisions when you suffer incapacitation. You will want to rely on people who know you well and have familiarity with...
If a decedent named you as executor of the will, you have many responsibilities. An executor fulfills the provisions of the will, which include safeguarding and distributing assets, paying and collecting debts and filing taxes. When agreeing to be an executor, you are...
The moment a loved one leaves an inheritance, it becomes a cherished possession, a legacy laden with memories and sentiments. However, the recipient might not always possess the financial understanding necessary to manage it wisely. It is crucial to take certain steps...
Loving individuals care for others as much as themselves. They do everything possible so everyone they know remains healthy and happy. Children demand particular attention because of their vulnerability. Sometimes, intervention is imperative to make sure a minor...
Estate planning provides people with many different perks. Aside from peace of mind and shielding assets from taxes or lawsuits, setting up an estate plan can offer other advantages. For example, some people can become eligible for crucial programs such as Medicaid by...
Choosing a guardian for your children is an important decision that requires careful consideration. If something were to happen to you and your spouse, it is crucial to have a plan in place for who will take care of your children. Learn about what aspects to consider...
Probate is the process referring to the distribution of assets named in a will, and it requires an executor or personal representative. However, probate can take months or even years. To simplify the process, there are some ways to avoid probate completely or reduce...
If your spouse is significantly older or younger than you, estate planning may look a bit different than for similarly aged partners. It is essential to have an open and honest discussion with your spouse about your plans for the future. These tips can help you with...
Many people avoid planning for the end of life. However, not having an estate plan in Texas can cause significant problems for your loved ones. This blog discusses the outcome when a person dies intestate, or without a will, in Texas. Understanding these implications...
Given all the steps needed to carry out probate, you might wonder when you as an executor will finally have finished administering an estate. While being an executor may involve long and complicated work, there is a point where you can finally close out the estate....