Dying without a will in Texas sends your property through the probate process using the intestacy laws of succession. The probate statutes spell out the path through which your estate must travel before disbursement to your heirs. The process may take longer than...
An executor is the person who is named in a will as being responsible for managing the estate. Some people in Texas may find themselves in a situation in which they think an executor should be removed. Who has standing? An executor cannot be challenged...
You don't need to be old or have a significant net worth to benefit from having an estate plan. If you own property in Texas or any other state, you can transfer it to a beneficiary through a will or trust. These documents can also be used to appoint a guardian for...
A disability can happen to anyone at any time. Those who live life on the edge in Texas can get into a life-altering accident while others are susceptible to their family's medical history and genes. Disabilities can also happen to those who have means and those who...
The importance of estate planning in Texas cannot be overstated. Just as important is the person you name as the executor or your estate. You give several responsibilities to this person. So, you have to be sure that they are willing to make the time commitment and...
During times of crisis, the uncertainty of your future or those of your loved ones may be overwhelming. Although personal conversations about the end of your life may be uncomfortable, they are essential to have with your family. This is a good time to reflect on...
Though Texas has relatively favorable estate tax laws, estate planning is still important to help ensure that the intended individuals receive the property or assets that are left to them. Estate planning is also good for business owners since it can set forth what...
When a Texas estate goes to probate, there are a limited number of people and parties who are able to participate in the process. The rule is that one must be considered an interested party to have their say in court. Oftentimes, one's interested party status is in...
People in Texas who are creating an estate plan might wonder how they should choose an executor or trustee for their will or trust. For example, it should be someone who is likely to outlive the individual creating the will or trust, so both age and health are...
Many people in Texas take it lightly when they are asked to designate a beneficiary for a retirement or other type of account. This can cause them all sorts of problems in the future if they were to pass away. It could even lead to assets going to an unintended person...