When you decide to create a Texas estate plan, you may utilize a number of different estate planning tools and methods to accomplish your main objectives. While a will is a fundamental part of your Texas estate plan, a will only does so much. Many people who have more...
Perhaps your favorite aunt wanted you to serve as her personal representative and you were happy to agree. Aunt Lucy died unexpectedly, thrusting you into the role you thought was years away. You feel overwhelmed by the responsibility, but professional guidance will...
Personal representatives play a key role in the estate planning process. You will need to choose an executor to carry out the provisions in your will, as well as name a power of attorney, trustee, and other agents to represent you. When it comes to selecting a...
When you die in Texas, some of your assets may have to go through probate, which is the process involved in managing your property and debts and distributing them accordingly. While you may not be able to avoid the probate process entirely, many people make efforts to...
You may have created your will years ago, then put it away in a safe place. However, time has passed. There are many reasons for you to look your will over in the light of day and make any necessary changes. About updating Research shows that wills created by even the...
Advanced care planning includes naming individuals with powers of attorney who can make important decisions on your behalf if necessary. Creating documentation regarding power of attorney is important if you want trustworthy people overseeing your interests. You...
Estate planning ahead of time gives you the opportunity to carefully consider how you want to divide your assets after death. However, certain situations may call for an expedited process. If you or a loved one needs last-minute estate planning, you still have...
When dealing with divorce and its impact on children, one of the best potential ways to mitigate complications is through the use of certain custody measures. Joint custody, for example, can help a child through the years following a split. But is this an actually...
If you are a personal representative of an estate or appointed as a fiduciary, you have the same general responsibilities. You must act in the best interests of the party who gave you the fiduciary duties. Cornell Law School explains a fiduciary duty is when one...
Even though most Americans have assets they want to protect, an alarmingly low number of them do not have a will. In fact, according to a recent Gallup survey, only 46% of adults in the U.S. claim to have a basic will on file. Interestingly, though, many millennials...