Agreeing to oversee someone's estate means a lot of important responsibilities rest on your shoulders. Whoever entrusted you with their life's savings must have thought highly of your integrity, experience and reliability. Understanding your responsibilities can help...
Estate Administration
Estate Administration
How can an executor be removed?
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...
Multiple powers of attorney can address different concerns
When Texas residents think about how they can best protect themselves for the future, they may consider drafting one or several powers of attorney. These documents can provide general authority to another person or target a specific area like health care or finances....
The role of a successor trustee
Texans who have been named as successor trustees might wonder what they will be expected to do once the grantors pass away or become incapacitated and unable to continue making decisions for themselves. Successor trustees need to understand what will be expected of...
The role of an executor: Are you a candidate?
Your friend has come to you and said that he would like to name you as the executor of his Texas estate. This sounds like a big deal, and you feel flattered, but is it a role you should accept? Read on for details about what your duties will be if you agree. Protect...
A closer look at the responsibilities of a designated executor
When people begin to coordinate their long-term care needs in the form of a will, they are going to need to make many important decisions regarding their wealth, possessions and personal needs. In many cases, they will need to designate an executor in Texas who will...
Understanding your role as an estate administor
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...
What if your die without having prepared a will?
The need to prepare a will is one that is stressed time and time again by estate planning experts in Houston. Yet despite this advice, some estimates put the percentage of American adults without a will as high as 60 percent. You might think that if do not specify how...
Know the details about power of attorney
When Texas residents consider estate administration, they may think this job will begin once their loved one passes away. However, sometimes this job begins during someone's lifetime when a person serves as the power of attorney. A power of attorney has a wide range...
Should you inform your beneficiaries of your decision?
When you start to iron out the details of your estate plan in Texas, one of the steps you will take is to designate who you would like listed as beneficiaries. However, making this selection is not the last time that you will need to work with the people you have...