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Executors & Fiduciaries Archives

"Undue influence" in estate administration

"Undue influence," is a legal term that many Texas residents might not be familiar with. It can come up in contract situations, but for the most part our readers will likely hear this term in regards to estate planning. Trustees, executors and fiduciaries, along with heirs and beneficiaries, need to be familiar with the term.

The power of trustees, executors and fiduciaries

Residents of the Houston area likely know that having an estate plan is important, but they may avoid this process for a variety of reasons. For most, it is probably that they just don't understand many of the terms involved, which can admittedly be quite legal-sounding, like "trustees," "executors" and "fiduciaries." It is important to know what these terms refer to and what power these roles hold in an estate plan.

Legal assistance with complex issues related to guardianships

Houstonians who are aging and their loved ones will inevitably consider the future and how to make certain that the elderly people or those with issues that might lead to incapacitation are protected. This is particularly important if health and competence are clearly in decline. These are complex issues that require families to work together to make certain that any issue in dispute is mitigated and the person is adequately protected. This is why it is imperative to have legal help for these matters.

How does a power of attorney work in Texas?

Many Houston residents may have heard the phrase "power of attorney" used in the context of estate planning without fully understanding what the terms means and how it can help an individual or a couple prepare for their old age and, ultimately, their last illnesses and deaths.

Overview of the powers and duties of trustees

Many Houston residents and other Texans may rightly choose to create a trust as their primary estate planning vehicle and will need to have some idea of what exactly a trustee can do and is expected do in order to pick the right person for the job. Other Texas residents may know or even suddenly that they have been named as a trustee for a loved one's trust.

Trusts valuable in certain situations

When people in Texas engage in financial planning, naturally their main focus is on creating secure futures for themselves. However, with estate planning, the focus is different. With trusts, in particular, the goal is to benefit charities and surviving loved ones in the event of one's death.

Trusts require reliable people to serve as trustees

People in Texas often focus on planning for the future, such as saving for their children's college education or for their retirement, but estate planning is one area that is frequently neglected. However, creating estate plans, including documents such as wills and trusts, is an essential task for adults both young and old. Trusts are particularly valuable for ensuring that one's property will be distributed as one desires.

Trusts can be helpful for passing down homes or land

People in Texas understandably do not like to think about death. However, failure to create estate plans, which can include wills or trusts, will prevent them from being able to dictate what happens to their possessions when they die. This is especially true for people who have land or homes they would like to pass down to their loved ones.

Special-needs trusts designed to help parents of disabled

People in Texas usually think about wills when they hear about the need to do estate planning. However, trusts are also important components of estate plans. One type of trust that is particularly valuable for parents whose children will have lifelong special needs is the special-needs trust.