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There are three types of wills recognized as valid by the state of Texas, and all have two mutual requirements. The testator must be at least 18-years-old, and he or she must be deemed to have a sound mind. This means that a general, valid will is based on the wishes...
Many people do not realize that there are several different types of Power of Attorney. Each serves a specific purpose and has its own set of rules as to when it will come into effect, as well as when it will cease. Below, we discuss the four most common types.First,...
Texans who downplay the importance of having an estate plan might come up with various justifications for their position. They might think they do not have significant assets to make it necessary to craft a will, a trust or other estate planning device. Those with...
Texans who have concerns about the type of medical care they will receive should they become ill enough that artificial means are necessary to keep them alive will want to think about a living will. A living will is a key part of comprehensive estate planning and...
Having a child means that you will have another person to think about, hopefully, for the rest of your life. Before your child's birth, you may have already found your mind constantly on his or her needs. You undoubtedly have the mindset of an attentive and concerned...
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...
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...
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...
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...
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...