Generational trusts are often referred to as dynasty trusts. These financial resources are often created to preserve wealth for decades, providing benefits to children, grandchildren and beyond. These long-term arrangements are designed to offer financial stability,...
Trustee misconduct occurs when a trustee fails to follow the rules of the trust or acts in a way that harms the beneficiaries. A trustee has a legal duty to manage the trust fairly, honestly and in the best interests of the beneficiaries. When beneficiaries believe...
Whether you’re a beneficiary or even a concerned family member, when something feels off about how a trust is being managed, it can be hard to know exactly where to turn. Trust disputes can quickly become some of the most painful legal battles a family can face....
When a person passes away, their estate has to be taken care of. This is known as the administration process and involves the distribution of assets. The decedent’s wishes and applicable laws must remain the focus. The creator of the estate plan determines who will...
Adult siblings may find themselves embroiled in disputes after their parents die. In some cases, one sibling may accuse another of inappropriately influencing a parent, possibly by misusing a caregiving position for personal benefit. In scenarios where one party has...
A person who’s creating an estate plan will name an executor who will oversee the estate once the creator passes away. This individual is responsible for making sure the decedent’s wishes are followed, but they must also follow the applicable laws related to the...
Serving as a trustee is an important responsibility that gives one authority and requires accountability. Trustees are tasked with managing trust assets, honoring the terms of the trust, and acting in the best interests of the trust’s beneficiaries. ...
The loss of a loved one is a difficult time for any individual. When the person who passed away has an estate plan, that plan should be followed as written. There are times when people who have an interest in the estate may question the terms. In some cases, the...
Inheriting real estate in Texas can be a dream come true or a legal labyrinth, depending on the circumstances. While it often signifies the transfer of family wealth and heritage, it can also spark contentious disputes that test family bonds. Here, we explore some...
Estate administration makes a personal representative responsible for fulfilling certain financial obligations. They have a duty to manage a decedent's estate, which includes paying their debts. Personal representatives must review incoming mail and various financial...