When a person dies without naming a beneficiary for their assets, confusion and delays occur in the distribution of those assets. It’s important to know what happens when you don’t designate beneficiaries for accounts like life insurance, retirement plans, and bank...
If you were appointed as the executor of your parent’s estate, it shows that they had confidence in your ability to do the right thing after they had passed away. But that doesn’t mean that you aren’t still in over your head. While some executors can handle settling...
Choosing a family member to serve as executor of an estate is common in Texas. This role carries important responsibilities, such as paying debts, managing assets and distributing property according to your will. It is only natural to choose someone you deeply trust. ...
When a loved one passes away, there are likely loose ends that need to be tied up. Some of these may have to do with the decedent’s finances. In most cases, the person’s estate is liable for covering those debts. Even if the estate is insolvent and can’t pay them, the...
Disagreements among heirs can delay estate administration and create lasting family rifts. Whether it's about dividing assets, selling property, or interpreting a will, conflicts can make probate more complicated. Understanding the common causes of disputes and how...
Probate litigation can delay estate distribution and create financial and emotional stress for beneficiaries. Disputes over a will, executor actions, or asset distribution can lead to lengthy court battles. Understanding how probate litigation affects estate...
When a loved one passes away, their estate often includes outstanding debts. As the executor or administrator, you must handle these debts properly to settle the estate. Understanding Texas laws can help you navigate this process effectively. Identifying and notifying...
If a loved one has asked you to become the executor of their estate, you need to obtain as much information as possible. Learning more can help you determine whether or not you should accept the role. One of the ways to get the information you need is by asking the...
When someone influences another person to alter their estate plan for the influencer's benefit, it may be an example of undue influence. For instance, a parent with two adult children may initially plan to leave an equal share of assets to both. However, one child...
Life insurance policies play a crucial role in estate administration. These policies not only provide financial support to beneficiaries but also influence the overall management of an estate. Understanding how life insurance fits into the estate administration...
