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Estate Administration Archives

Preventing family fights over your estate

Watching your family grow and change, you may feel sad when you see the tensions that exist among your children, stepchildren or other family members. Perhaps you even anticipate that, after you leave this world, those tensions may become worse, especially if your heirs squabble over your estate. While it may be tempting to leave it all to fate, doing so may result in lifelong discord among your loved ones and bitterness directed at your memory.

Don’t navigate the estate administration process alone

Losing a loved one is one of the most stressful and traumatic experiences a person can go through. While dealing with the emotional impact, there are unfortunately a number of practical and important matters that need to be dealt with. When it comes to estate administration, having an experienced and compassionate guide is crucial to making sure the wishes of the deceased are carried out properly and without incident. If you’ve never gone through this process before, however, it is important to understand exactly what estate administration is and how it can affect you and your family.

How trusts can be used to protect a child if a marriage ends

Texans who are considering ways to provide for their loved ones after they have passed will frequently be torn between wills and trusts. For some, the idea of inserting a trust into the will is taken into consideration. There could be a variety of reasons for this, but one that is common is to save on taxes after the testator has died. For 2017, the estate tax exemption in almost $5.5 million for an individual and $11 million for a couple. However, this justification is being surpassed by parents who are trying to protect a child's assets if there is a divorce. Understanding how a trust can protect these assets is key when deciding if this is the strategy to take.

Estate complexities and how to deal with them

Most Texans will understand the important of formulating an estate plan, but not have an in-depth knowledge of why it is important or what factors will come into play. Similarly, there are certain issues that will have an influence on an estate plan and must be fully understood by the testator and the people who will be receiving the assets and properties. Understanding probate issues, factors of ownership and tax responsibilities are key factors to grasp.

Options for trusts when planning for the future

As Texans navigate estate complexities when formulating a plan for the future, there are numerous issues for them to take into account. This is true whether the portfolio is of significant value or it is of more modest means. People who are thinking about trusts and the distribution of assets to their heirs can take advice from those who are of substantial means and tailor a plan to suit their own goals. One example is how billionaire Warren Buffett crafted his estate and its distribution.

The biggest parts of estate administration

Being named the executor of an estate is a big responsibility. First and foremost, it shows the trust that the a person had in you -- trust that you would be the right person to address the many different issues that can pop up in the process of estate administration. But, for many people, being the executor of an estate is a new experience. As a recent article pointed out, there are some big parts of estate administration that need to be addressed as soon as possible.

Dependent administration one type of estate administration

Dealing with the death of a loved one can be emotionally challenging. However, the process can be legally challenging and complicated as well. The assistance of an attorney can help people in Texas who are executors of wills or those who desire to become administrators of estates to successfully navigate the estate administration process, which may include that of dependent administration.

One probate process option is independent administration

Losing a loved one in Texas is one of the most difficult experiences a person may have in life, both from an emotional and a legal standpoint. The legal probate process is complicated and thus can be overwhelming for a person who is the administrator of an estate or the executor of a will. However, an attorney can help you to efficiently navigate the process.

Alternatives to probate process may help to save time, money

Dealing with the death of a loved one is naturally difficult in Texas, but having to simultaneously deal with the probate process may make the ordeal even more trying. Some people's deceased loves ones have defined estate plans, but for others, their deceased loved ones have provided little direction regarding whether or not the process of probate is truly the best option for distributing their assets. An attorney can help people to determine if they should use the probate process or an alternative to probate.