In many cases, people name more than one person to act as a fiduciary as part of their estate plans. This can happen when someone creates a trust or signs a power of attorney. It can also happen when naming executors in a will. There are benefits to naming...
When a minor inherits property in Texas, the law requires someone to manage the inheritance until the child turns 18. Understanding how inheritance laws apply to minors in Texas helps you ensure that your child’s inheritance is protected and properly handled....
Estate administration refers to the legal process that occurs after someone passes away to ensure their debts are paid and assets are properly distributed according to their will or state law. In Texas, the process is governed by both state statutes and local court...
Probate often becomes a complex responsibility following a family member’s death. If you're an heir, you might ask whether you’re obligated to participate. In Texas, heirs can formally waive certain rights during probate. However, it’s essential to grasp the...
Filing for probate administration involves several steps to ensure the deceased’s estate is properly managed and distributed. Whether the decedent had a will or not, following the correct legal process is essential. Determine if probate is required Before starting the...
Fiduciaries hold a position of trust. Whether you manage a trust, estate, or financial account, the law expects you to act with honesty and care. But what happens when that trust breaks? Texas law has clear standards for what counts as fiduciary misconduct. What...
Estate planning often involves real estate, which requires careful thought to make sure your property passes according to your wishes. Managing real estate in your estate plan helps prevent confusion and makes the transfer process smoother for everyone involved....
Locating all relevant assets is one of the most important parts of estate administration. It is the executor's duty to gather, value and protect the estate’s assets before distributing them. Missing assets can lead to legal problems, tax issues and unhappy...
When a loved one passes away, you may face the task of managing their property and assets. In Texas, there’s a way to simplify this transfer to heirs or beneficiaries without a full probate process by using a muniment of title. This process saves time and reduces...
When you deal with probate, understanding fiduciary representation matters. Fiduciary representation means the court legally appoints someone to manage the estate of a deceased person. This person, called a fiduciary, acts in the best interest of the estate and its...