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May 2012 Archives

'Diff'rent Strokes' star beneficiaries fight over his estate

After a person passes away in Texas, it is likely that a will or trust will be dispersed as per the estate-planning documents. In some cases, the heirs and beneficiaries are not satisfied with some terms of the estate plan and seek court intervention. When this occurs, there can be lengthy and costly litigation and even family discord.

Estate planning in Texas means less hassle for your heirs

Many in Texas know that it is important for a person with a large estate to create a plan for the distribution of their assets. What many of them do not realize is that it is just as important for a person with a smaller estate to consider estate planning. Creating a plan can ensure that the wishes of a person are adhered to after their death.

Estate planning: don't forget social media presence

With the proliferation of social media websites such as Facebook, it seems that nearly everyone in Texas and elsewhere has an online life. The increase in use of these types of online sites has created a new area of consideration for those thinking about estate planning. In fact, authorities note that nearly 500,000 people with accounts on Facebook died during 2011.

Estate planning may include faith-based language

When considering creating an estate plan, many in Texas and elsewhere work hard to ensure that the assets they own at the time of their deaths go to the heirs and beneficiaries of their choice. Using estate planning documents and tools, people can detail their wishes for those who survive them. In some cases, those wishes may also include religious values.

How failing to update a will nearly cost a cat its life

Once an estate plan is created in Texas and elsewhere, often people forget about making changes to it as their lives change. Estate planning documents can quickly become outdated if a person does not act to make changes for life situations such as marriage, asset acquisition or a change of heart as to certain directives in an estate plan. This can cause confusion or upset for some beneficiaries after a person dies.