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January 2016 Archives

Probate of simple will is done through the state court system

Many persons choose to use living trusts in estate planning for the purpose of privacy and to avoid the necessity of probate. Sometimes, the trust will be a total replacement for a simple will when there will be no assets in the decedent's name at the time of his or her death. In other situations, estate planning in Texas may provide for the complementary use of both wills and living trusts.

Son files false probate papers to claim dead father's property

The function of a will in Texas and elsewhere is to allow the maker of the will, called the testator, to designate who he or she wants to inherit his or her assets at death. The will usually appoints an executor, who administers the testator's wishes and performs all of the duties required by law. The executor must take the will to the county courthouse and file it for probate. This also includes paying a filing fee and taking an oath of office to perform the duties according to law.

Long-term care planning may include insurance for daily care

As retirement approaches, some persons may be in a position to consider the purchase of long-term care insurance. Where there are sufficient financial resources, this kind of insurance can be highly effective for Texas residents desiring superior home care or nursing home residency when and if necessary. Long-term care planning will focus on getting insurance that is well supported by inflation protection to cover the rising cost of health care in future years.

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