Imagine that you have worked hard for many, many years to build a comfortable life for yourself and your loved ones, only to have those assets disappear when you pass away. It sounds terrible but it can happen, which is why it is important to discuss estate planning...
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Harlingen Estate Law Blog
How complex is out-of-state estate planning?
Estate planning is a crucial aspect of securing your financial future and proper distribution of your assets. However, when you own property or assets in another state, estate planning can become extremely complex. A well-crafted estate plan provides peace of mind,...
3 benefits of using a transfer on death deed in Texas
Someone's home is their castle, their safe space and (likely) their most valuable personal property. Someone's residence is not just a source of shelter but also a means of ensuring financial stability. The equity that someone accrues in their home can contribute...
When can estate administration lead to financial liability?
When someone asks a person whom they trust to serve as their executor or the personal representative of their estate, that is in some ways an honor. It is also a bit of a burden, as a personal representative has a lot of responsibility. Not only do they need to...
What happens when family members die without a will?
Losing a family member is tragic in its own right. Most people have a hard time coping with their grief. It may take them months to come to terms with their new daily routine and the changes in their family dynamics. Unfortunately, people don't have the option of...
When can a beneficiary seek to remove an estate’s executor?
It’s not uncommon for surviving family members of someone who has passed away to have an issue with the person that the deceased named to be the executor (or “personal representative,” as it’s called in Texas law) of their estate. If that’s how you feel, you’re not...
What should you discuss with your medical power of attorney?
When you’re putting your estate plan together, you should include a medical power of attorney (MPOA) designation. This is the person who will be authorized to make health care decisions on your behalf should you become incapacitated before your death and unable to...
Can an estate plan help someone avoid a future guardianship?
Most people aspire to age in place when possible. They want to spend as much of their retirement as they can living in their own homes and enjoying life without the support of professionals. However, eventually, many older adults do require outside support. They may...
What role do trusts play in an estate plan?
Trusts are among the most efficient and versatile tools that you can use when creating an estate plan. Trusts provide you with a variety of options that can help you to distribute assets in accordance with your wishes. It’s important to note that not all trusts are...
Will inheriting from a Texas estate trigger taxes for out-of-state beneficiaries?
When people think of older adults moving someplace warm and comfortable for retirement, they might picture Florida or perhaps Arizona. However, the Lone Star State also hosts a significant number of older adults who permanently relocate to Texas or spend the winter...