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May 2016 Archives

Estate administration is more difficult without a will

In Texas and other jurisdictions, some of the biggest problems occur because a decedent did not have a will. The developing chaos over Prince's estate is an excellent example of oddities that can emerge where a wealthy celebrity dies without a will. The most dramatic incident is the appearance of an unknown female claiming to be the pop star's half-sister who is entitled to an equal share of the estate. The estate administration will not be finalized until the issue over the "long lost" heir is resolved.

Wills are important documents that require legal compliance

Texas residents will do well to know some basic things about a last will and testament so that they can make a decision regarding whether to have one. Numerous complications can arise if a person dies without a will. In that respect, wills are generally considered to be a primary component of basic estate planning procedure.