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If you die intestate (without a will) in Texas, then the court will distribute your assets according to intestate laws. The problem with this is that your assets may not be distributed according to your preferences. A will allows you to put your final wishes into...
Creating an estate plan is crucial for ensuring that your assets are distributed according to your wishes after you pass away. Unfortunately, many people make mistakes during this process that can lead to complications or unintended negative consequences for their...
Naturally, while doing your estate planning, you’re probably going to focus on your most expensive assets. You may start the plan by determining how you want to divide up your savings, your investments, your marital home and other big ticket items. You can then work...
Becoming a parent is exciting and simultaneously terrifying. Children cannot handle much on their own and depend on their parents for everything from housing and nutrition to health care decisions. Parents generally expect to spend roughly two decades, often...
Estate planning is the process by which a person prepares for their death or incapacity. You do it to protect yourself, your estate and the people who matter most to you. Typically, you choose the person you trust the most to fulfill your last wishes and uphold your...
A comprehensive approach to estate planning may benefit from several documents, and one of them is an advance directive. In this document, you will state your wishes regarding medical decisions in the event of incapacity. Below are two things that you’ll want to...
Estate planning is crucial for anyone who has started to acquire assets, but it’s often something that people put off. Some studies suggest that over half of all Americans have yet to address their estate plan. While it’s a good thing if you have taken steps...
Many Texas residents know the value of having an estate plan in place. Ensuring that you pass down your assets in the manner you want is invaluable. But you should also consider several other documents that show your wishes if you can't otherwise convey them. One of...
The idea of a DIY (Do-It-Yourself) will can seem like a cost-effective and convenient way to handle your estate plans, but it is ill-advised. You may unknowingly stumble upon pitfalls that can turn your well-intentioned plans into a perplexing maze of complications...
An executor performs many crucial roles, including distributing assets to beneficiaries after death. People usually appoint a single executor, but you can select two. There are several reasons you might want to do this. Benefits Of Having Two Executors On top of...