Introduction: Will vs. Estate Planning Many people think that creating a last will and testament is all that is needed to protect their assets and ensure that their loved ones are taken care of after they pass away. However, a will is only a part of a comprehensive estate plan that can provide greater protection,...KEEP READING
The use of durable powers of attorney is a common practice in Texas, allowing individuals to appoint agents to manage their financial affairs in the event they become incapacitated. However, when it comes to joint powers of attorney, financial institutions may be hesitant to honor the document. In this blog post, we will examine the...KEEP READING
The loss of a loved one is a difficult and emotional time, but when it is combined with the responsibilities of managing an estate, the process can become overwhelming. In this article, we will explore a case study of probate in Texas with a video will and highlight some of the important considerations involved. Understanding...KEEP READING
As the executor of a will in Texas, it is important to understand and fulfill your legal obligations and responsibilities in accordance with the laws of the state and the terms of the deceased person’s will. The role of the executor is to manage the deceased person’s assets, pay debts and taxes, and distribute the...KEEP READING
Texas state law mandates that for any probate matter, a personal representative must be appointed in order to represent the estate of the deceased. But what exactly does that mean? How can one determine who is capable and eligible to be the personal representative? And what qualities do they need to possess in order to...KEEP READING
In the Texas case of In re Estate of Crenshaw, the court was faced with a hearing on the disqualification of an independent executor under section 78 of the Texas Probate Code [now the Texas Estates Code]. At issue in the case was whether an order appointing an independent executor was appealable to a higher...KEEP READING
So, you want to plan for the future with a Texas will? Whether you’re drafting a new one or updating an existing one, there are certain things you should know and make sure to include. Without further ado, let us discuss five of the most important factors to include in your Texas will. From how...KEEP READING
When is a contract not subject to equitable conversion? This is a question that often comes up in business law, and the answer is not always clear. In order to understand when a contract is not subject to equitable conversion, we must first understand what equitable conversion is. Equitable conversion is the doctrine that allows...KEEP READING
When you create a will, you have the opportunity to specify how your belongings will be distributed after you pass away. This is called a bequest. In Texas, there are three ways to make a bequest in your will: specific, demonstrative, or by residuary. Specific bequests are when you leave a specific item to someone...KEEP READING
Overall, naming your attorney as a beneficiary of your will in Texas is possible, but there are some significant limitations that you should be aware of before you do so. What is a valid will? In Texas, a will is a legal document that outlines an individual’s wishes for how their property and belongings should...KEEP READING