When Texas residents prepare their estate plans, they set them up in a way that best benefits their heirs. They know that what they do when it comes to setting up a plan will determine how easy or difficult it will be for their beneficiaries to receive their...
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Out of state probate: Things to expect from the process
Individuals who choose to craft and implement an estate plan are ultimately doing so for the benefit of their immediate family. However, issues arise when they don't leave an estate plan in Texas or any other state before passing away. In this case, going into probate...
How to be an effective estate executor
There is a chance that you could be asked to serve as the estate representative for a spouse, parent or friend. If the probate process occurs in Texas, you must understand how it works in this state as the rules may be different compared to those in other parts of the...
Families should not fear an estate plan
Texas estate planning is not as complicated as people may think. With forethought and getting the right help, an estate plan can be put into place to give you and your family peace of mind for the future. Some upfront investment now can save expense and stress in the...
3 ways to transfer a family business
If you run a family business, you might want it to continue after you pass away. To ensure your business succeeds once you are gone, you must create a succession plan. This is an essential part of estate planning for any business owner. Planning how your...
Named as a trustee? Here is a quick guide
Did someone just designate you as a trustee? If so, you probably have plenty of questions. As a trustee, you are legally responsible for handling any assets that are in the trust. It is crucial to understand your responsibilities as a trustee so you can act...
Sole proprietors and transferring a family business
As a sole proprietor, you likely spent a good deal of time, energy and effort to build and grow your business. Perhaps you are nearing the time other people retire, so it is natural to think about long-term plans for your business. Or maybe you are younger and heard...
3 signs you should update your estate plan
If you already have an estate plan, congratulations! That is an important step that many people procrastinate for decades. However, even though this achievement is complete, remember you need to check up on it every now and then. Your life changes a lot over the...
Why parents of the disabled should consider special needs trusts
While not everyone who works on an estate plan will need a trust, or a specific fiduciary arrangement that allows a third-party trustee to hold on to assets on behalf of someone else, as a parent of the disabled, you very well might. Providing a lifetime of care for...
3 important estate planning steps for new parents
If you recently had your first baby or are planning to have one in the near future, your mind may be racing with questions. Will you be a good parent? Will labor and delivery go smoothly? Have you done everything necessary to protect your new or future offspring? As a...
