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According to one agricultural estate planning expert, changing circumstances are making it more difficult for Texas residents to bequeath the family farm to their heirs. What worked for one generation will not necessarily work for the next due to constantly changing...
It is common now for many Texas families to be a combination of step-parents and half or step-siblings. However, with this comes some complex issues that do not typically exist in traditional estate planning. When it comes to blended families, trusts are often a...
Texas residents know the importance of estate planning, especially for those who make a significant income. Estate planning is especially important for professional athletes. In fact, it is a well-publicized fact that National Football League players often find...
Readers in Texas may be interested to learn about the specifics of a new law in the area of estate planning. The estate planning law relates to the portability of the estate tax exemption. This could affect some 99 percent of those who have estates valued between $5...
Many in Texas and across the nation own pets and love them like family. However, surprisingly few people make considerations in their estate plan for these pets in the event that they die or are incapacitated. It seems that this might be changing, though, as the...
There are many benefits for people in Texas who have begun the estate planning process. Among these are the ability to leave specific items to heirs and beneficiaries. This detailed information can help limit the chances that litigation over ownership will ensue after...
When a person in Texas who has completed an estate plan dies, their estate often goes through the probate process. Probate is the court procedure through which documents such as a will are reviewed and, in most cases, the directives of these documents as to the...
Residents of Texas may be aware that, as the year comes to an end, it can be a good time to consider a review of an existing estate plan. In addition, those who have made directives as to the beneficiaries of their assets may wish to review those designations. This is...
Martin Luther King, Jr. is a name that is familiar to our readers in Texas. The civil rights leader died after being shot by an assassin in 1968. Now, his estate is embroiled in a lawsuit over preserving the ownership of his image for his heirs and beneficiaries.The...
The estate of a wealthy woman who died in 2011 is a party in a recent string of lawsuits that may be of interest to our readers in Texas. The woman was the heir to a large fortune created in the copper business by her father, William Clark. Now, those who were...