Your Texas estate plan isn't a fixed document that will remain valid for the next forty or fifty years. Rather, it's a fluid plan that should be reviewed and adjusted whenever you go through major life changes. If you keep your plan up-to-date throughout the rest of...
A huge portion of the real estate and wealth of this nation is owned by families living in the state of Texas. With proper planning, the older generation can keep the wealth here by passing it along to their surviving family members. If you’re looking to pass your...
After an individual dies and leaves a will behind, their family members may take action to contest the will. Reasons for litigation may vary, and Texas probate courts may find lawsuits contesting wills filling up annual dockets. Both sides of the litigation might be...
One of the advantages of a revocable living trust is that the creator can change it as needed. If you want to make a change to your revocable trust in Texas, you may do so with an amendment. Locating the trust You should keep the trust in a safe place, such as in your...
Many people assume that only the wealthy have estates worth planning for; perceptions of estates in Texas may evoke images of mansions resting beyond high stone walls. While that is one definition, an "estate" refers to any assets owned by someone. Questions about...
Wills are among the most basic legal and estate planning documents, and among the most important, but they don't cover everything. There are several types of assets and end-of-life wishes that are best set forth in other legal documents rather than a will. For people...
As part of a will, an individual can name the person who will represent his or her estate during a Texas probate proceeding. However, there is a chance that the executor will die before the person who created the will does. There is also a chance that the appointed...
If a person has assets to his or her name but no plan for passing those along to loved ones, it may be time to start thinking about estate planning. Even Texas residents who have wills already may not realize when it is time to make revisions. Though it is always a...
Many people think that estate planning in Texas is for those who are wealthy because they look at it as solely about estate taxes. However, you should know that the need for estate planning applies to you regardless, even if you do not have a lot of money. Do not...
When people die in Texas, others will be tasked with disposing of their estates. The estate of a deceased person includes all of his or her real estate, personal property, and other assets. Before the assets of the estate can be sold or transferred, several things...
