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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...
Texas residents who have yet to create an estate plan will no doubt have a lot of questions about the estate planning process. Indeed, you might even be wondering what estate planning is or why you even need an estate plan. To answer this question, one...
Many Texas parents are uncertain whether to share the details of their estate plans with their adult children. On one hand, having these discussions can reduce the tension and stress that follows the loss of a loved one, since everyone will know what to expect. On the...
Many Texas residents are familiar with the work of comedian and actor Robin Williams. When Williams died late last year, he did so having put together an estate planning package that he believed would address the distribution of his estate between his intended...
Most Texas residents only have to go through probate proceedings once or twice in their lifetime. As a result, the process tends to be mysterious and difficult to understand for the average person -- because most people do not have a lot of experience with it. Even if...
Many farmers and ranchers pride themselves on the meticulous care of their homes and property. Texas landowners are no different. A common consideration for someone who has put decades of sweat and toil into running a ranch is ensuring that the tradition will continue...
In this day and age, most Texas residents enjoy using the Internet and probably have a number of online accounts. These accounts, such as Facebook, online bank accounts and others, usually require special user names and passwords for access. Some of these...
One of the biggest mistakes that Texas estate planners make is to forget about identifying beneficiaries on their retirement plan documentation. Identifying beneficiaries is also important on individual retirement accounts (IRAs) and other financial documentation. The...
Now that we have made our way into 2015, estate planners around the United States can celebrate the ever-growing size of their federal estate tax exemptions. As of 2015, the estates of those who die with estates under $5.43 million in value will not be subject to...
It is not uncommon for Texas retirees to own a second home or vacation cabin where they spend part of the year. Even if they do not visit the family cabin very often, it may be that their sons or daughters enjoy the space with their own families at different times of...