When someone names you the executor of their will, you become a fiduciary. That means you are liable for any mistakes that occur during estate administration, no matter how large or small. While you must follow the terms of the will and other estate planning documents...
When considering fiduciary representation for your estate, it is important to get a clear understanding of the term fiduciary. The term fiduciary often has different meanings for different people. In the legal realm, however, the term takes on a more precise meaning....
Choosing someone to handle the fiduciary representation of your estate is a serious decision. You have to take your time to choose someone who you fully trust and who can adequately handle the responsibilities. According to the American Bar Association, fiduciary...
A fiduciary is a person who acts on behalf of his or her client and is required to make decisions that are in that person's best interests. For instance, accountants, bankers or money managers in Texas or anywhere else could act as fiduciaries. A child's legal...
There may come a time when you need someone in Texas to take on some of your financial responsibilities. The cause could be a trip out of the country, incapacitation because of a car accident or even age and dementia. We at understand that...
You have recently begun to rethink your will and are considering modifying the heirs you have designated in your original estate plan. Fortunately for you, changing things around is relatively easy and allows you to make needed modifications as your life changes....
As people near retirement age, they often face the excitement and anticipation of having more time to pursue their passions, travel and spend time with family members. However, as people age, they also face the very real risk of being taken advantage of in some way....
Being named the personal representative of a Texas estate comes with many responsibilities. While anyone can make a mistake, serious errors in judgment that negatively affect the assets of the estate could lead to a lawsuit. In fact, a personal representative may be...
In the most basic sense of the law, and according to Cornell Law School's Legal Information Institute, "undue influence" occurs when one party of a contract puts the free will of another party into question and therefore, leads to the courts declaring the contract...
When people begin the process of planning their estate in Texas, they may be facing uncertainty and hesitation when it comes time to designating beneficiaries and heirs. They may have anxiety about choosing the right people and hoping that they do not offend anyone in...