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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...
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...
If you create a will as part of your estate plan, you should keep it in a safe place. You hold the responsibility for keeping track of this document until your death. At that time, it comes under the care of your personal representative, who will handle the probate...
You may have created your will years ago, then put it away in a safe place. However, time has passed. There are many reasons for you to look your will over in the light of day and make any necessary changes. About updating Research shows that wills created by even the...
The executor of an estate holds a large amount of power over the entire estate itself and handles many of the tasks after the decedent's passing. It is important to look at the sort of traits and skills that a potential executor has. Does it match up to the tasks they...
Having an estate plan can give you control of your assets and protect the people who matter most to you. Seeing that your plan unfolds as you envision will require the help of an executor. Finding someone to fill this role may feel overwhelming when considering the...
You created an estate plan so that your assets would go to the people and organizations you want after your death. Part of this process involved making a will that outlines the distribution of property. According to the American Bar Association, a will is a document...
When creating your estate plan, selecting an executor is one of the most important parts of the process. After all, this person will oversee your estate after your death. Of course, many people automatically lean toward a family member when choosing their executor....