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Many people assume their assets will automatically pass to their loved ones after they die. Unfortunately, that is not always the case. If you die without an estate plan in Texas, state law, not your personal wishes, determines who inherits your property. If you live...
All adults should have an estate plan in place so their loved ones know their wishes. The estate plan’s cornerstone is the will, but some individuals may opt to set up a trust to facilitate easier asset transfers to their beneficiaries. A trust is a legal tool that...
Spending a lifetime building a successful legacy demands robust protection. If you die intestate or without a will, your family can face complex issues that ignite familial discord. The matters become more complicated if you have a blended family. Understanding the...
One of the first questions that many people ask as they proceed toward divorce – particularly if there’s a lot of anger and conflict – is when they can remove their spouse from their will and other estate plan documents. If that’s your question, the answer isn’t as...
Effective estate planning requires a big-picture perspective. Testators need to consider how an inheritance might affect their heirs or beneficiaries. They need to consider how their assets may appreciate in value and how inheritances could affect family dynamics. In...
Creating your estate plan means having to take account of all the assets you own. While you might be focused on things like your home, you can’t neglect non-physical assets. These include things like your online bank accounts, social media profiles, cloud storage and...
A Texas living will is also known as “Directives to physicians.” This estate planning document is free and does not affect your will, finances or assets. Instead, your living will carries authority over your medical decisions and end-of-life wishes when you become too...
Probate proceedings usually take place where a person lived. Jurisdiction for probate matters depends on the address of the deceased party in most cases. However, individuals with extensive mistakes may have properties in more than one location. Texas is a popular...
Asset protection planning involves taking strategic steps to protect property from lawsuits, creditor claims or other legal challenges. Successful individuals and professionals providing for their families may want to ensure that their businesses, real property and...
The role of an estate executor can be difficult on numerous fronts. It can be an emotional time after a parent has passed away, and administering an estate can also be complex from a legal and financial perspective. As such, selecting the right executor is very...