A last will and testament is a legal document that outlines an individual's wishes regarding the distribution of their assets and the care of any dependents after their demise. It typically includes details about beneficiaries, guardianship for minors and the executor...
In the coming years, in one way or another, we are all going to be part of the greatest wealth transfer in human history. It has been predicted that the Baby Boomer generation will begin passing assets down to their children and grandchildren that could total around...
A will is a written declaration of someone's last wishes. It describes what they want to do with their property after they die and names the person they choose to administer their estate. Typically, families in Texas will follow the instructions in someone's will as...
The will is a cornerstone of an estate plan. It outlines specific points, such as who should receive what assets when the creator passes away. Creators often take writing the will very seriously and likely have it set up how they want. While many wills go through the...
When a person creates an estate plan – even if it’s a simple will – they should name an executor (known under Texas law as a “personal representative”) to handle the administration of the estate. This includes everything from paying final bills and filing the last...
A beneficiary is an individual who is legally entitled to inherit something when a person dies. Generally, this is carried out via the instructions of a will. Nonetheless, different beneficiaries may receive different sums of money or assets. There are several types...
Things can be very complicated for families if a loved one dies without a will. What can be even more complicated, however, is finding multiple wills and not being certain which one – if any of them – reflects their wishes when they died. Further, if you find more...
If you have recently lost a loved one, chances are you may encounter the probate process. Unfortunately, probate has a notoriety for being contentious, lengthy and sometimes, resource-consuming. It doesn’t get any better if someone decides to dispute the testator’s...
Estate and trust disputes can be emotionally charged and complex, often involving family members, money, and deeply held emotions. In these situations, effective communication becomes paramount. Whether you're a beneficiary, a personal representative, or a trustee,...
Trusts can sometimes lead to disputes when a trustee and a beneficiary disagree on how the money should be used. For example, perhaps the money was put into an educational trust. The beneficiary believes that buying a new computer is an educational cost, but the...