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When it comes to an estate plan, many people think of older, wealthier people with many assets and property. That concept may factor into while only 33% of American adults have a living trust or will, according to Caring.com. An estate plan actually involves putting...
A medical power of attorney is a document that dictates the person responsible for a person's healthcare if the said person becomes incapacitated. If someone named you an agent, it is a major responsibility. Following your loved one's instructions and lead can help...
If someone you love dies, you may be wondering what happens next. Probate is the legal process regarding the settlement of the decedent's estate. If the decedent had a will at the time of death, the first step is to file the will and apply for probate through the...
As an independent executor, it is crucial to have a clear understanding of your responsibilities with respect to estate administration. In the wake of losing a loved one, dealing with estate issues can prove challenging, especially for those struggling with...
Conflict over wills have happened throughout history to many different families. These arguments even have the power to tear families apart. So how can you prevent this from happening with your own will? What causes friction? Forbes discusses ways of reducing friction...
When you choose the executor of your will, you have a lot of factors to consider. Most people choose a close friend or family member because they expect the person to honor their wishes closely. If you want to select one of your children, you must consider how it may...
Long-term care facilities make up an important part of the estate planning process for many people. However, it often feels overwhelming to look for one. Where do you even begin? How do you know what facility offers the best option? Specialized care facilities The...
As you start crafting your estate plan, you may be wondering which elements are necessary. One thing you should consider is a power of attorney. Many people are unfamiliar with a power of attorney and do not fully understand its benefits. Here are a few of the reasons...
Though you should take it as a point of pride when someone asks you to execute his or her estate, carefully consider whether you are up to the task. Estate execution is a time-consuming, often stressful and rarely easy job. Though there are certainly perks to...
When administering an estate, the appropriate authorities will not have to manage assets that are nonprobatable. These are things that do not have to go to probate. The Texas Estates Code outlines specific assets that are nonprobatable and the rules for handling them...