Planning your estate is a crucial step in ensuring your assets are distributed according to your wishes. For Texas residents, understanding how to divide your estate among family members involves careful consideration and planning. Assess your assets and liabilities...
Creating an estate plan is a crucial step in ensuring your estate distributes your assets according to your wishes, and proper planning can help prevent disputes among your beneficiaries. Clear communication and documentation are key factors in achieving this goal....
When you create a will, you are taking a crucial step in securing your legacy and ensuring your family remains provided even when you are no longer around. It is a powerful tool that can bring peace of mind and prevent family disputes. However, creating a will is just...
Many people have yet to make an estate plan, and they provide a lot of different reasons for why they have not done it yet. One of the most common is that they just think that they are too young. Maybe they’re in their 30s, so they’re not really thinking much about...
Being named the executor or fiduciary of an estate is a significant responsibility. If you find yourself in this role, you may wonder if you have the authority to withhold money from a beneficiary. In Texas, an executor or fiduciary can withhold funds under specific...
Estate administrators often face disputes during the administration process. Understanding how to handle these disputes effectively can ensure that the estate has a fair and smooth settlement. Common types of disputes Disputes in estate administration can happen for...
When you buy a life insurance policy, you get to pick a beneficiary. Most people will pick a direct descendent, such as naming their firstborn child as the beneficiary for the plan. In some cases, parents will name multiple siblings as beneficiaries. But you also have...
Creating an estate plan is an important step in securing your family’s future. However, you may wonder if it's wise to discuss your plans with others. It might be helpful to review some considerations before you discuss your estate plan with other people. Talking to...
If a parent dies without a will in Texas, you may naturally feel worried about being able to inherit the property of your loved one. Probate can become complicated without guidance from a will, and you may wonder if a court will respect your rights once probate...
Fiduciary duties come with a high level of responsibility. Understanding and following these duties is crucial for maintaining trust and ensuring the best interests of those you represent. Prioritizing your party’s best interests As a fiduciary, you must always act in...
