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...
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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...
I cannot find my parent’s will
Your parent has recently died, and you cannot find his or her will. You are fairly sure there was one governing what should happen to the estate. Perhaps you even know one existed and what was in it. You just cannot find it. What does this mean? What can you do? Speak...
The difference between a durable and medical power of attorney
As you age and begin creating your estate plan, one of the things you may want to consider is who you want to grant power of attorney in the event that you become incapacitated or otherwise unable to clearly express your wishes on your own. Often, the person you...
