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Estate administration can be a complex and challenging process. For this reason, Texas law allows an executor to receive compensation up to 5% of the estate value. Still, despite fair pay for doing the job, managing the affairs of a deceased loved one involves...
When a loved one passes away, their affairs and assets need to be properly managed and distributed to ensure a smooth transition of their property. Estate administration involves carrying out the deceased's wishes and distributing their property according to their...
If a family member wants you to serve as his or her estate executor in the future, you might want to know when to fulfill parts of the will. In particular, you may wonder when you should distribute any bequests made by your relative. The American Bar Association...
Inheritance disputes can be a complex and emotionally charged issue. They often occur during a time of grief, adding another layer of distress. If you find yourself in such a situation in Texas, one question might dominate your thoughts: Will you lose your inheritance...
When your loved one names you the executor of their estate, it signifies their trust and confidence in your abilities. They believe you can navigate the intricate and often emotional path of settling their affairs. But what if you feel unsure about this role? Or if...
An important part of your estate plan is determining who will assume the role of power of attorney. These individuals will act on your behalf to make decisions when you suffer incapacitation. You will want to rely on people who know you well and have familiarity with...
The loss of a loved one is an emotional and challenging time, and the last thing anyone wants to deal with is a dispute over the deceased's will. However, there may be valid reasons to contest a will and ensure that the estate carries out a deceased's true intentions....
When you create an estate plan, you name one or more people to manage your affairs in the event of your death or incapacitation. The individual or individuals who take on these administrative duties on your behalf are fiduciaries. The documents you include in your...
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...