The Texas Estate Code allows the courts to appoint a guardian to oversee an individual's property, assets and finances. As noted by the Texas Department of Family and Protective Services, adults with a physical or mental impairment who cannot manage their financial...
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...
People who decide to create a will have a number of decisions to make, but choosing an executor is usually among the most crucial. According to Farm Bureau Financial Services, an executor's main duty is to carry out the final wishes of the deceased and see to the...
Selecting an estate executor is one of the most important decisions you will make during the estate planning process. When you pass away, the executor will be responsible for taking care of any unfinished business and carrying out all your final wishes. For these...
Living trusts are extremely powerful estate planning tools to add to your arsenal. Sadly, many Americans are not aware of living trusts, nor how they can streamline your estate planning. Proper use of trusts can help your beneficiaries gain access to your assets...
People in Texas may likely recall hearing many pieces of advice offered up by estate planning experts espousing the benefits of avoiding probate. The main reason for this counsel is to potentially avoid the fees associated with a long, drawn-out probate process. Many...
Recently, you learned a loved one appointed you as executor of her or his estate, and you want to learn as much as possible about the role. What pitfalls should you make yourself aware of? Forbes shares common executor blunders. Rather than make your own mistakes with...
Your estate plan is a reflection of your life at the time you made it. As your circumstances change, your plans may need updating to ensure they best capture your preferences and provide for your loved ones. You should consider an estate plan review after these major...
When you are in the middle of a period of crisis in your life, you may face uncertainties about the future that overwhelm you and fill you with fear or concern. Now is the time to have discussions with your family and loved ones about your end-of-life planning, so...
Few things are likely to make you both happier and busier than welcoming a new baby into your family. Between feedings, naptimes and diaper changes, you should find some time to think about your child's future. If you have not yet drafted an estate plan or have not...