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During people's lifetimes in Texas, people will acquire various property or acquire money which may be held in bank accounts, investment accounts and other places. People acquire these assets in order to maintain a certain lifestyle while they are living. However, all...
A will is meant to give instructions on how to distribute an estate, but someone must be in charge of carrying out those instructions. This is a big part of the process known as estate administration. The individual responsible for doing administering the estate is...
Having a will and a trust in place is a commendable step in the estate planning process. These documents show your concern for the future well-being of your loved ones. A carefully planned will or trust can ensure your family members receive their fair share...
Many people in Texas have wills or trusts drafted during their lives to help ensure their property goes to the people they want after they die. Throughout people's lives, circumstances change, and life may be very different than when people originally drafted their...
There are many situations where people in Texas rely on other people to do things for them. They have other people fix their cars, provide medical treatment, fix HVAC issues and provide other services for them. They need to trust that the professional hired to do the...
When people in Texas pass away their property will be distributed to their family members as is determined by a statute. However, sometimes people do not want all their property to go in equal shares to their children, their siblings or others as determined by the...
There are many things that people in Texas try to plan for in life. In many situations, having a plan makes things go smoother. One situation when making a plan is wise is when determining where a person's possessions will go when they pass away. This is important to...
Thinking about the future can be a difficult thing to do. After all, how can you know what types of protections you may need in the future? It's not easy to think about what will happen to your stuff after you pass away or what types of medical care you may want down...
A previous post on this blog talked about how some Texas residents may choose to execute what is often referred to as a health care proxy but may also be referred to as a medical power of attorney. To review, the health care proxy is a document a Houston resident can...
This blog has previously discussed a trustee's duty to the beneficiaries of a trust. Among other things, a trustee must refrain from self-dealing or conflicts of interest, must manage the trust according to the legal requirements and must act in the best interests of...