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Many experts in the field consider a health care directive an essential piece of estate planning. Along with a simple will and a financial power of attorney, this document provides crucial protections for individuals and families. An advanced health care directive...
Like many people across Texas, you may not give much thought to estate planning until a major life event prompts you to do so. Having an estate plan offers benefits at all stages of life, but you may find it especially important to create one once you have your first...
If you are a fiduciary administering the estate of someone who has passed away, one of your responsibilities involves funding bequests. Bequests are special gifts that the testator specifies in his or her will that certain people, or sometimes organizations, are to...
Once you take care of your estate, do you plan to look at the essential documents again? Adopting a set-it-and-forget mentality could cost you and your beneficiaries. CNBC explores the dangers of outdated beneficiary designations. Learn how to avoid this costly...
When it comes time to close an estate, the executor must file an annual account. The judge should examine the account within ten days to ensure that everything checks out. Some executors do not realize that in some cases, account rejections can garner contempt of...
A loved one asked you to act as her or his estate administrator. You accepted the role, but you have knowledge gaps you want to resolve. American Bar Association explores common executor questions. Address your fears and do a good job by understanding what the role...
It took time for you to get comfortable with serving as a loved one's executor. You want to do right not only by your loved one but also by her or his beneficiaries. SmartAsset breaks down executor obligations. Understand the role you play in a beneficiary's life....
Probate can be a very beneficial process, but it also can drag on and cause a strain on your family. With that in mind, many people aim to avoid probate or at least reduce the need for probate. There are many ways you can plan your estate to avoid or minimize probate,...
Having a Texas estate plan goes a long way in terms of ensuring your wishes with regard to health care, finances and asset distribution come to fruition. However, many people neglect to create such a plan, fearing it takes too much time or money or that they do not...
You finished your estate plan recently, but its contents may change. Do you know what life events call for an estate plan review? Forbes explains when you should consider updating your estate plan. Ensure your estate documents always account for your most current...