If you plan to leave your children an inheritance, there are many issues you need to think about before putting it down in writing. Every person is different, including your children, so you must know how to approach the situation strategically. Here are a few estate...
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For estate administration purposes, who counts as next of kin?
When people die without a will, the laws of intestacy will generally determine who inherits their estate, and in most cases the recipients are the decedent's next of kin. The phrase is generally understood, but when it comes to the law, specifics count, and a more...
What to expect during probate in Texas
Probate is a necessary process that all families must go through in order to verify the will and legally distribute the assets. A judge needs to confirm that the decedent has died and left a legitimate will behind. When there is no will, the judge will follow Texas's...
Estate planning is important for all ages
Many Texans view estate planning as something they do not need to worry about until they grow older. However, adults of all ages can benefit from estate planning. No matter how old or young you might be, it is a good idea to have a plan in place in the event something...
What happens if you die without a will in Texas?
Writing wills allows people to control how their property and assets will be handled after they die. Wills are probated, and the assets of the estate are distributed according to provisions the testators have included. When a person dies without writing a will,...
Do you need a will if you don’t have kids?
If you don't have any heirs in Texas, you might be tempted to forget about writing a will and let the state decide what to do with your assets. However, there's a lot of ways to use your assets even if you don't have a spouse or children. If you don't plan ahead, you...
Federal gift tax exemption and estate planning
Estate planning for a Texas resident needs to be a comprehensive endeavor. This includes potentially taking advantage of instruments like a last will and testament or a trust agreement. The process of comprehensive estate planning may also include preparing a living...
Tactics for disinheriting a family member
When a person passes away, the most likely heirs are their spouses, children and family members. Unfortunately, not all Texas residents want their assets going to family members. There are a few different tactics that you can utilize to help avoid your assets ending...
Three tips to help young entrepreneurs start thriving companies
If you want to start a new business in Texas, it's understandable to make sure you're doing everything right. Without learning how to open a business, you could find yourself dealing with lots of unwanted stress. With that in mind, here are three tips for young...
Do you really need a trust?
Many Texas residents are familiar with the fact that a living trust is helpful in avoiding the probate process. In fact, you'll find living trusts touted all the time at retirement seminars. However, a living trust isn't always the best option for everyone. What is a...
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