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Everyone processes grief differently. But if you are a surviving family member or close friend named as the executor, administrator or personal representative of your deceased loved one’s estate, you may not have much luxury of time to sort out your emotions as you...
Few people are enthusiastic when it comes to discussing the inevitable fact of their own death. As such, it is not uncommon for important discussions regarding healthcare preferences, funeral arrangements and even asset distribution to be pushed to the back burner --...
An irrevocable life insurance trust, or ILIT, is a popular estate planning tool in Texas that allows people to pass on their life insurance policy to their heirs without having to pay estate taxes. However, there are some pros and cons to consider based on your unique...
Estate planning can involve many difficult conversations for older Texans and their families. With so many different tools and terminologies to understand, it makes sense that you would put the conversation off for as long as possible. As complicated as it might seem,...
When someone passes away and is a Texas resident, they die "intestate" if they have no will and testament at the time of their death. Every state has different regulations pertaining to wills and probate. Texas' Probate Code, Title 2, Subtitle E, Chapter 201...
People in Texas who are creating an estate plan should take steps to avoid some common errors. One of those mistakes is failing to make a plan at all. Without an estate plan, state intestacy law will govern the distribution of your assets. Communication and revision...
Until recently, Texas had a law that sharply limited the duration of trusts. The trust could only last until 21 years after the last living person who established it passed away. This is based on old English laws, and it's much more restrictive than laws in many other...