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Deciding who will be allowed to manage the assets of a large estate is the goal of a current probate matter that may be of interest to readers in Texas. In the case, heirs to the fortune amassed by a frozen food mogul assert that their parents were unduly influenced...
Generation Z kids in Texas and across the nation often expect that their parents will leave them money after they die. This comes despite the fact that many of the parents of those same kids ages 13-22 expect that their beneficiaries will not inherit great wealth....
Planning an estate in Texas involves making use of many available tools. Most commonly, people in our state use wills and trusts to make their wishes as to estate division known after their death. Using these types of estate planning tools, an individual can work to...
The reasons that people in Texas might avoid the estate planning process are understandable. Fear of death, denial and lack of knowledge about the estate planning process are just a few of these reasons. However, at least one authority notes, there is never a bad time...
It is not only the person who seeks to create an estate plan in Texas who has expectations about the distribution of their assets after their death. In many instances, the potential heirs and beneficiaries also have expectations as to the possible inheritances in...
In Texas, and elsewhere, an executor of a will can be removed if they fail to comply with their fiduciary duties. When a beneficiary believes that the executor should be removed, they can seek that action by petitioning the court. Often, this is done during probate...
As a person ages, it can be difficult for their family to determine what, if any, actions should be taken to assist them with their daily needs. This is especially true if an elderly person begins to show signs of dementia or other age-related diseases. Some in the...
Many readers in Texas will recall that superstar singer Michael Jackson passed away in 2009, leaving three children behind. Though his death was three years ago, his assets are still being subjected to the estate administration process. This is due mostly to the fact...
For many individuals who are either young or perhaps believe they do not have enough assets, drafting a will is not on the top of their priority list. However, despite the desire to delay such estate planning, it may be in many Texas residents' best interests to...
In our August 15 post, we told you about the difficulties that may come up during estate planning due to the estate tax changes. There may be hope for families who are planning to leave assets to heirs. Two examples have been provided to show how gifting during the...