Probate is the legal process that occurs after someone passes away. In Texas, probate ensures that the deceased's assets get properly managed and transferred to their heirs or beneficiaries, providing a structured way to handle estate matters. Key terms in probate...
Estate Planning and Probate
Can a successor trustee be liable for a breach of trust?
If you are a successor trustee, you have the crucial responsibility of stepping in to manage the trust if the existing trustee becomes unable to fulfill their obligations. This unique role might not be involved in managing the trust right now, but its responsibilities...
What tips should you follow when naming beneficiaries?
Being proactive about estate planning can be rewarding. Choosing beneficiaries is an important part of this planning since it determines what happens to your money and belongings after you die. However, the process could be complex. There are several factors to weigh...
Myths and misconceptions about estate planning
Estate planning is an important aspect of financial management that often falls prey to myths and misconceptions. It is important to debunk these misunderstandings to ensure individuals make informed decisions about their assets and legacies. Estate planning is only...
When can you seek to remove a personal representative?
The executor of an estate (or “personal representative,” as they’re known under Texas law) has a big job – even if the deceased left a relatively small and uncomplicated estate. If you’re a beneficiary of an estate, you may not agree with the person your loved one...
Ponder this when adding an advance directive to your estate plan
Advance health directives are legal documents that express your preferences for medical care should you become unable to communicate them yourself. A well-drafted directive may reduce confusion among your loved ones and help ensure that care providers respect your...
How to avoid probate in Texas
Probate is the legal process of settling a person's estate after their passing, often involving court proceedings. Fortunately, there are straightforward ways to sidestep probate in Texas, ensuring a smoother transition for your assets. Establish a living trust...
What happens if you die without a will?
Thinking of your own death is an uncomfortable feeling for most people. Furthermore, writing a will may seem arduous and intimidating, which is why many people put it off. Unfortunately, dying without a will in Texas can have devastating consequences for surviving...
How can young parents benefit from an estate plan?
Being a young parent is a rewarding yet challenging experience. Amidst the joy of raising children and building a family, it is easy to overlook the importance of preparing for the future. One important aspect that often gets sidelined is estate planning. While it may...
Why people need to plan for their elder care costs
Older adults who live long lives often find themselves in need of daily support. They may need help managing their medical issues or support in day-to-day life. The challenges caused by age and cognitive decline can leave someone in need of very expensive support...