Once you retire in Texas, it's time to think about the future and ensure that you'll be passing your financial assets. When you pass away and lack a will, Texas intestacy laws will govern. Unfortunately, the way the state divides up your assets probably isn't going to...
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Estate Planning
Is probate always necessary in Texas?
A last will and testament stands as a critical document in estate planning. When a testator passes away, their will reflects decisions they made while alive regarding who receives what assets, among other directives. Often, carrying out the directions presented in the...
Estate planning as a grandparent in Texas
As a grandparent, you may want to make sure that your grandchildren remain provided for when you're gone. There are many things to consider during estate planning to ensure things go as you wish. If you're considering estate planning as a grandparent, here's what you...
Estate planning changes when transitioning out of the military
While serving in the military, you may base your estate plans on your expected military pension and other benefits for your family. However, if you're making the transition out of this career path in Texas, it will probably be best to reevaluate what your estate...
Mistakes to avoid when planning your will
You should never put off writing your will. No one knows what will happen tomorrow, so it is better to prepare today. If you are Texas resident, here are some common mistakes that you should avoid. Not updating it A huge mistake that people make when it comes to...
Understanding the basic tools of the estate planning process
Every Texas adult will need to go through the estate planning process. Contrary to popular belief, this isn't a one-and-done type of deal. Rather, estate planning is an ongoing process that should be reviewed every three to five years to ensure that it's updated. If...
Do you still have to go through probate if there is no will?
Some people think that they will not have to go through the probate process when their Texas loved ones die without wills. However, even without a will, the estate will likely have to be probated. How the probate process works when people die intestate is similar to...
How to leave assets to your grandchildren
It isn't uncommon for grandparents to want to provide their grandchildren with the resources to live a comfortable life. However, there are a series of steps that you'll likely need to take to ensure that you do so in a manner that conforms with Texas law. Otherwise,...
Estate planning for senior citizens
Tax season for most Texas residents offers an excellent time for everyone to also review their estate plans, and senior citizens are no different. In fact, it is probably more important for elders than anyone else. Knowing what would happen to personal assets in the...
How might someone address a home in an estate plan?
Estate planning may involve deliberately thinking about what particular assets go to certain beneficiaries. Haphazard planning could lead to ill feelings among heirs, which might be something a will's testator wishes to avoid. A family's Texas home might be the most...