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Beneficiary designations listed on financial accounts can supersede anything written in a last will and testament. Even if a will is redrafted after a divorce, if the beneficiary designation on a 401(k) account is not updated to remove the ex-spouse, then the...
In Texas, if a person dies without having a documented will, the court steps in to oversee the distribution of his or her assets and administration of estate. This is known as the probate process, and depending upon the circumstances, it can be quite complicated....
People in Texas realize the importance of preparing for the future, such as investing for retirement purposes, but they are often not as excited about engaging in estate planning. After all, estate planning requires both time and effort, and people naturally prefer...
Many Texas residents are astounded at the manner in which technology has changed our daily lives. The Internet in particular has had an enormous level of impact on the manner in which we communicate, share and store information. For those who are considering their...
Most people in Texas are likely aware of the importance of estate planning. While many know to whom they are going to give their money or real estate, they may be unsure about the future of a collection -- a collection that they may have spent a great deal of time,...
When constructing an estate plan, there are a number of considerations that must be made. Individuals and families in Texas must determine how they wish their wealth to be distributed after their deaths and then determine which estate planning tools are best suited to...
A rising concern among women regarding Social Security benefits was addressed in a recent article. Texas residents may want to research the topic of certain beneficiary concerns that many women have apparently raised. The article focused on issues with regard to...
Not matter how much wealth you have been able to accumulate during your life, it is vital to have a functioning estate plan. Indeed, estate planning is not just about distributing money to your heirs. Estate planning is about making life easier on your heirs when you...
Many in Texas and elsewhere thrive on the challenge of taking care of household projects and repairs themselves in an attempt to save on the costs they might incur if hiring a professional. Some have a similar mindset where finances and estate planning are concerned....
After all is said and done in the way of estate planning, and with necessary modifications along the way, the day will come when the loved one's decedent estate will have to be administered. If a proper will was made during the planning process, the first official...