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As this blog has discussed on previous occasions, Texas trustees, that is, those who manage the property held in a trust, have both a lot of power and a lot of responsibility.With considerable freedom, trustees are allowed to manage what is often a large amount of...
There is a misconception that estate planning is something only reserved for the wealthy and famous or those with large estates. In reality, virtually every Texas adult could benefit from having even a basic estate plan. While people with children or valuable assets...
The disposition of assets is a major part of estate planning, but it is not the only part. Another important part of estate planning has to do with how health care decisions are to be made if the person doing the estate planning becomes incapacitated. There are a...
Though the terms heirs and beneficiaries are often used interchangeably, many Pennsylvania residents may not be aware that they have different legal meanings and implications. Understanding the difference between the two can help people understand their status is...
When creating a will, many people do not realize what might be valid in one state might not be valid in another. Understanding the different types of wills one can create gives individuals different options for distributing their wealth and assets while also ensuring...
As mentioned previously in this blog, there are many estate-planning options available to those who wish to ensure their legacy is preserved after they are no longer alive. However, the process may seem overwhelming initially for those beginning it, as they struggle...
Probate has many misconceptions. While many Texas residents may think that probate litigation only takes place if someone has died without a will, this is not the case-probate actually involves the authentication of a will, if it was made, locating and valuing assets,...
When we leave this earth, we leave things behind. Even if a Texas resident does not have children, they still have assets that need to be distributed among beneficiaries and if directions are not provided, the state will make the decision for the decedent. This means...
As mentioned previously on this blog, creating a comprehensive estate plan that covers both one's end-of-life decisions and steps to be taken after one's demise is an important step for Houston residents to take this year. Powers of attorneys are used to make...
Thinking about one's demise is difficult, and contemplating what would happen if one becomes incapacitated is even more troubling. However, having a plan in place for what should take place in case one is unable to make important financial and medical decisions for...