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When someone creates a will, it is assumed that it is valid and should be legally binding, as it is supposed to contain the wishes of the decedent. This is why legal challenges to the validity of the will, known as a will contest, are often thrown out of the court...
Millenials are the butt of many jokes, but credit must be given where credit is due-according to the AARP, they are spending an average of 21 hours a week taking care of older adults. Currently, around 10 million millenials are already serving as the caretaker for an...
Houston residents who have created their estate plans might think they have their ducks lined up, but simply creating an estate plan is not the end of the matter. It is very important to periodically review the plan to ensure that it is up to date. A lot might have...
One reason why many people postpone making an estate plan is that it often involves many complex components. Few Texas families are fortunate enough to have all their members getting along, and creating an estate plan may mean taking into consideration the special...
Many Houston residents may have sent off their children to college this fall and in between wondering how quickly time passes and how they are going to change the extra bedroom into a gym, they neglect to think about essential updates to their estate plan. When a...
Texas residents may be aware that a new tax law was signed into law at the end of 2017 and how it may affects aspects of financial planning but they may not be aware they it can play a big role in estate planning. The tax reform legislation substantially raised the...
So far in our executor duties series, we have identified the first two steps an executor of an estate should take. Those were to locate and secure all assets and to consolidate all estate funds into a newly formed estate account. That brings us to the third task of an...
In the second installment of our Executor Duties series, we are going to discuss consolidating estate funds. Our first post determined that the first responsibility of the executor of an estate is to locate and secure physical assets owned by a decedent. Bank...
When entering into probate administration, an executor may not always know the location or even the identity of a named heir or designated beneficiary. Sometimes family members may have been missing or estranged for a number of years prior to the decedent's death....
There are probably few in Texas who are not aware that the nation is in the midst of a substance abuse epidemic. Some studies show that 142 people suffer from a fatal overdose each day, and countless others struggle with their addiction. Of course, the sorrows and...