While previous posts on this blog have mentioned that Houston, Texas, residents have the option of hiring a bank or other institution to act as a professional fiduciary, executor, or trustee, in most cases, Texans are going to rely on a close family member or friend...
Month: July 2017
How do I estimate the value of the family-owned business?
On behalf of Law Office of Sharon C. Stodghill | Jul 21, 2017 | Estate Administration
A previous post on this blog discussed the important duty the executor of an estate has to value the property of the estate accurately, particularly when the person who died had a lot of wealth and may be subject to federal taxes as a result.One of the ways Houston,...
You can’t predict the future, but you may be able to plan for it
On behalf of Law Office of Sharon C. Stodghill | Jul 17, 2017 | Blog
Life is often full of sudden and unexpected changes, and having a plan in place for each can be difficult at best. While you may not be able to predict when your time on earth will end, you might be able to prepare for what comes next by planning your estate, which...
Placing a value on an estate’s property
On behalf of Law Office of Sharon C. Stodghill | Jul 14, 2017 | Estate Administration
Although sometimes not discussed as much as it really should be, one of the most important legal issues that comes up in the estate administration process is the valuation of the property of the estate. Valuation is particularly important because putting the wrong...
What is ‘breach of fiduciary duty?’
On behalf of Law Office of Sharon C. Stodghill | Jul 6, 2017 | Executors & Fiduciaries, Trustees
Many of the relationships that this Houston, Texas legal blog mentions frequently are what the law calls "fiduciary relationships." To elaborate, guardians, executors of estates, attorneys in fact and trustees all have a fiduciary status, meaning that they have...
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INITIAL CONSULTATION
Blog
- Jun 17 – Retirement and estate planning: It’s time for a review
- Jun 09 – Not all assets are subject to probate
- Jun 04 – Should you consider do-it-yourself (DIY) estate planning?
- May 28 – What traits should you consider in a power of attorney agent?
- May 26 – Questions that’ll challenge you when creating an estate plan
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