Most parents agree that their most valuable asset is their child. However, only 36 percent of parents with children under 18 years old have estate planning documents, such as a will or trust. Estate planning is a significant aspect of managing assets and protecting...
As people near retirement age, they often face the excitement and anticipation of having more time to pursue their passions, travel and spend time with family members. However, as people age, they also face the very real risk of being taken advantage of in some way....
Talk about probate is very common when discussing wills or after someone passes away in Texas. This process is not as understood as it should be, though. You may not truly understand what it means, which could lead to confusion down the road. Understanding this term...
Even though a large portion of Texas citizens do not commit to estate planning, many residents are heavily encouraged to do so that their property can end up in the right hands after unpredictable circumstances. Part of why most Texans refuse to begin estate planning...
Being named the personal representative of a Texas estate comes with many responsibilities. While anyone can make a mistake, serious errors in judgment that negatively affect the assets of the estate could lead to a lawsuit. In fact, a personal representative may be...
Recently, one of your family members has asked if you would be interested and willing to be an estate administer. At first thought, you feel like this would be an invaluable opportunity to support someone you love, but you also want to make sure you are making a good...
If you are a Texan unfamiliar with estate planning, you may not be familiar with the term "irrevocable life insurance trust." According to FindLaw, an irrevocable life insurance trust is a life insurance policy managed by a designated trustee who distributes benefits...
People in Houston are encouraged to thoroughly plan out the administration of their estates in order to avoid contention and discord from arising amongst their beneficiaries once they are gone. No one wants their passing to push their family members and friends apart;...
Some people may think that because they don't have many assets, they may as well forgo the process of writing a will. However, if you have any assets that are not covered in a will, it becomes the job of the Texas probate court to distribute those according to the...
In the most basic sense of the law, and according to Cornell Law School's Legal Information Institute, "undue influence" occurs when one party of a contract puts the free will of another party into question and therefore, leads to the courts declaring the contract...