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...
Are you confident that your estate plan covers all your needs? In Texas, having a comprehensive estate plan is crucial to ensure your loved ones respect your wishes and your assets are protected after you pass away. Whether you are starting from scratch or updating...
If you’re getting started with your estate plan, you’re probably thinking about writing a will. It’s the first step that many people take. You can use your will to specify who should get your assets. For instance, you could leave your home to your children, leave your...
A special needs trust (SNT) manages money for a person with disabilities. A key benefit of an SNT is that it does not affect eligibility for government benefits. This way, beneficiaries receive financial support while still qualifying for federal assistance programs....