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Although sometimes not discussed as much as it really should be, one of the most important legal issues that comes up in the estate administration process is the valuation of the property of the estate. Valuation is particularly important because putting the wrong...
Many of the relationships that this Houston, Texas legal blog mentions frequently are what the law calls "fiduciary relationships." To elaborate, guardians, executors of estates, attorneys in fact and trustees all have a fiduciary status, meaning that they have...
Texans who are estate planning will have much to consider. One of the most common concerns for these individuals when planning distribution of assets to heirs is how to make certain that the heirs are not going to misuse what might be more assets than they have ever...
Families in Texas and across the U.S. can be afflicted with the problems that come with heirs disagreeing over a loved one's will. This is especially true when it was someone who was wealthy or prominent and there are multiple people who might have an interest in the...
The love you have for your children likely outweighs any other feeling you have in life. You may have felt an immense love for your kids from the moment they were born, and that love certainly has only grown over the course of their lives. Of course, when you love...
Not every Texan who is preparing an estate plan has children, a spouse, or other close relatives to whom they would like to leave their assets after they have passed. This is not an infrequent occurrence and there are certain strategies that can be used in such a...
Even Texans who take the steps to create an estate plan might not have implemented all the correct strategies based on their individual circumstances. There are certain mistakes that people will commonly make when they are drafting estate planning documents. These can...
When people of significant means die in Texas or anywhere else, there is the chance that the heirs will be displeased with how the assets were distributed in the will. This is something that occurs with people who are famous and have had more than one marriage and...
Probate can be a complex issue for Texans whether they have significant assets, they are middle class or have limited amounts in their portfolio. Regardless of the person's standing in society, the probate process can be confusing and difficult to navigate. This is...
Watching your family grow and change, you may feel sad when you see the tensions that exist among your children, stepchildren or other family members. Perhaps you even anticipate that, after you leave this world, those tensions may become worse, especially if your...