Texans who are without a vast portfolio and do not own significant amounts of property will often shun the basics when protecting themselves with an estate plan. There might be a perception that an estate plan is only necessary for those who own a lot. This is not the...
Year: 2018
Legal help with probate issues and dependent administration
When a loved one dies in Texas, there are many things that a family will need to think about. Apart from the grief, there are legal factors that must be accounted for in the aftermath. Some of these can be complicated. Probate is an important part of the legal process...
The urgency of an estate plan with a sudden medical issue
For Texans of any age, having an organized estate plan is a wise step. The need to formulate estate planning documents can be expedited by the unforeseen. One specific and unexpected event is a poor medical diagnosis.Having the financial information organized is an...
Late celebrity chef’s beneficiaries could be up for dispute
It can be difficult for Texans - even those with significant assets and wealth - to compare themselves to famous people and their estate plans. However, important lessons can be gleaned when examining the legal issues that often surround a celebrity and their estate...
Combating misplaced beliefs about estate planning
Even the most vigilant Texans who make certain every area of their lives are well-organized might forget about estate planning. There are many reasons why this might be the case, but it is always a mistake. Having an estate plan that suits the individual needs is not...
Leaving an inheritance to a minor requires extra planning
As is the case in the rest of the country, minors here in Texas may not directly inherit property. If you leave a bequest in your will to someone under the legal age of majority, your executor will need to spend estate resources and time to appoint a conservator to...
If I am single and getting older, do I need an estate plan?
Not everyone in Texas has a family or friends they would like to leave their assets to after their death. These people may think that an estate plan is unnecessary. This is a fundamental mistake that should be rectified as soon as possible because even single people...
What should I know about a durable power of attorney in Texas?
There are many reasons why a Texan would need to consider the importance of drafting estate planning documents. One motivation could be that they have significant assets they are concerned about. Another reason might be that they own a business that they would like to...
Heirs battle over estate of businessman who died intestate
In Texas, the death of a loved one is a traumatic time. This is compounded when the loved one had substantial assets and failed to take the necessary estate planning steps. Heirs and beneficiaries should think about how to deal with such a case, especially when there...
How a dynasty trust can help preserve a Texan’s assets
Texas families who have accrued significant wealth will want to take steps to ensure that their heirs retain as much of it as possible. The depletion of an estate is one of the biggest concerns that these families will have, so strategies to preserve assets, such as a...