Many people in Texas and across the United States may understand how important it is to plan their estates. Your estate is comprised of everything you own, including your home, car, life insurance, checking accounts, and other personal possessions. Effective estate...
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Estate Administration And Probate
An executor must avoid making mistakes
The ideal executor is calm, understanding, trustworthy, detail-oriented, understands relationships and has a good deal of financial savviness. It takes a great amount of responsibility in settling an estate, and as executor, you are in the middle of making sure of a...
Estate planning tips for farmers and ranchers
Ranchers and farmers in Texas know that ranching is much more than a career path. It is often a way to protect a generations-long family legacy of providing a blue-collar living for a family. What many ranchers may not realize is the importance of creating an estate...
How to divide the children’s inheritance
Dividing inheritances for your children in Texas can be tricky. It might seem safe to assume that each child will receive an equal share of their assets. However, there are some cases when a parent may want to leave different amounts to each child. Leaving different...
Must the executor of a will provide a copy of the inventory?
Most people do not keep their lives neat and tidy. Because there are so many ups and downs throughout anyone's life, it can be difficult to keep everything as organized as possible. As a result, it is important that the executor of a will does an inventory of assets...
Probate can become complicated if a beneficiary dies
Closing an estate can be complicated for any number of reasons. Some Texas residents may think that the probate process is going relatively smoothly only to be blindsided by an unexpected event. For example, beneficiaries may be working to handle the...
Starting probate can already take a lot of work
Many Texas residents do not understand how to close a deceased individual's estate until they are in the position of starting the process themselves. Acting as the executor of an estate is a complicated role, and most people who take on the position are not...
Beneficiaries can contribute to probate delays
Though most Texas residents feel a great deal of grief after the death of a loved one, they often also want to receive any inheritances they are entitled to as quickly as possible. Of course, most estates need to go through probate, and it is not unusual for the...
It’s easier to distribute property with TOD accounts
Settling a recently deceased individual's final affairs can be a difficult job for the executor of the Texas estate. Though the executor has many obligations to address during probate, other loved ones may simply be concerned with when he or she will distribute...
How much compensation can the executor of a will receive?
Settling the Texas estate of a recently deceased person is not an easy task. The executor of a will has the obligation of making sure that all the necessary steps are taken to close the estate correctly and of handling the individual's final affairs. Even when...