When an individual dies in Texas with assets in their name, an executor will be responsible for overseeing the probate process. The executor can be anyone who is a legal adult of sound mind, and this person must make decisions that are in the best interest of the...
Year: 2023
Discussing estate plans with your parents
Estate planning involves drafting a will and other essential documents. Effective estate planning can simplify probate in Texas compared to dying without a will. However, only some people put effort into it. Children of parents who have not drawn up a will may benefit...
Lessons learned from Aretha Franklin’s estate nightmare
Aretha Franklin was a female vocalist known as the Queen of Soul. With fans around Texas, the nation and worldwide, many mourned when this legendary singer passed away in 2018. From a career that spanned decades, Franklin's estate had an estimated net worth of $80...
Developing a succession plan for your business
As a Texas business owner, having a plan in place for the future of your business, including what will happen if you're no longer able to run the company, is vital for management, staff and customers. Developing a succession plan can ensure that your business...
The Texas HHS Guardianship Services Program
When a Texas resident becomes incapacitated because of age, injury, or disease, the court may appoint an individual to protect and take care of them. The person providing care is called a guardian, and the person being cared for is called a ward. Judges prefer to...
Beneficiary mistakes to avoid during estate planning
Your beneficiaries receive benefits from assets such as life insurance and retirement accounts. You’re responsible for naming your beneficiaries and providing the correct information. Here are some common mistakes that Texas residents should avoid regarding...