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September 2014 Archives

Wills and estates: Questions for dividing assets among heirs

One of the mot difficult aspects of estate planning is trying to figure out who will get what. It is likely one of the biggest reasons why Texas residents tend to put off completing the task. Indeed, a lot of consideration is needed on an emotional and financial level, and also in terms of family dynamics, when trying to figure out how one's estate should be distributed. Fortunately, wills, trusts and various asset distribution plans can be designed in a way to avoid the risk of problems further on down the line.

Will changes to Roth IRA affect heirs and beneficiaries?

Roth individual retirement accounts appear to offer a lot of great benefits for Texas investors and their heirs. This is because the money placed inside the Roth IRA can be left to grow without tax liabilities over an investor and his or her beneficiaries' lifetimes. However, these types of investment accounts are not best for all estate-planning scenarios.

What is the probate process?

Probate is a term that most people are familiar with, and most Texas residents know that it has to do with inheritance. Beyond that, though, many Texas do not know what is involved in probate proceedings or what exactly happens when an estate goes into probate. Strictly speaking, probate is a legal process that involves the court validating a will and supervising the distribution of a deceased person's property.