Many adults in Texas do not bother to create an estate plan. They procrastinate or convince themselves that they don't need written instructions to help their loved ones after they die. Even those who do create estate plans do not necessarily set their families up for...
Probate & Estate Administration
How do you choose an executor for your estate?
When you pass away, your executor is the person who will be responsible for ushering your estate through the probate process. They’ll make certain that your assets are secured, your final debts are paid, your last tax return is filed and the remainder of your estate...
Siblings as co-executors: What if they don’t get along?
When siblings get along and have each other’s best interests at heart, they may happily share the burden of being the executor of a parent’s estate. When they mix like oil and water, however, having siblings as “co-executors” of an estate can be an absolute disaster....
3 times a trustee might face fiduciary litigation
A trustee has authority over the assets that someone uses to fund a trust. They take over the management and distribution of those assets, often for a small amount of compensation for the services that they provide. Although family members of the person who created...
4 common estate planning myths
Estate planning is the process of documenting your assets and last wishes in anticipation of your passing. This way your assets can go into good hands and your beneficiaries can benefit from your estate. However, many people put off estate planning. This likely...
Naming a guardian for your child can prevent court battles
Many people are spurred to start their estate planning when they have a child. They want to designate a legal guardian who will step in and raise them should something happen to both parents. Unfortunately, not everyone does this. They assume that because they have a...
Don’t make these estate planning mistakes
Estate planning is a task that many adults overlook, but it’s one that’s critical. There are many things to consider when you’re creating your estate plan. Creating your estate plan will take time, but it isn’t something you should rush through. Making mistakes as...
Getting remarried? Take another look at your estate plan
Any time you have a major life change, that’s a good time to think about working on your estate plan. Your estate plan goes over how you’re going to pass on your assets and what you want to have happen if you become incapacitated, so it makes sense to update it any...
As an executor, repaying estate debts should be a top priority
Serving as the executor of someone's estate is a noble gesture. Perhaps you agreed to take on that responsibility years ago when your parents updated their estate plan after retirement. Maybe you stepped up into the role because a family member died without a will and...
18? You need to start your estate plan
When you think about estate planning, what do you imagine? Do you see someone in their 60s, 70s, or 80s making a will and looking at the assets they want to pass on? Do you imagine a person with a family setting up guardianships for their children if they can’t care...