As people age, it may become increasingly difficult for them to manage their own affairs. When this happens, family members may step in to help, and in some cases, may even seek to become the legal guardian of their loved one. In Texas, a guardianship can be established for individuals who are unable to take […]
Probate is the legal process of settling a deceased person’s estate, including distributing their assets and paying off any debts. In Texas, the probate process can be relatively straightforward, especially when there is a legal will in place and all recipients agree on the terms outlined in the will. This was the case for our […]
Probating a will in Texas can be a complex process, but it doesn’t have to be. This case study will provide a detailed overview of the probate process in Texas, using a specific scenario as an example. The scenario involves probating a Will in Nueces County, Texas, where the Will is self-proving and names the […]
When it comes to life insurance policies, it’s important to make sure that the beneficiary you have designated is the person you truly want to receive the death benefit. Unfortunately, there are situations where someone may use undue influence to change the beneficiary of a policy without the policyholder’s knowledge or consent. In this blog […]
Writing a will is an important step in ensuring that your assets and property are distributed according to your wishes after your death. In Texas, there are specific requirements that must be met in order for a will to be considered valid. One option for creating a will is to write it by hand, also […]
When a person becomes unable to make decisions for themselves or manage their own affairs, a guardianship or conservatorship may be established in Texas probate court. Both guardianship and conservatorship are legal processes that allow a court to appoint someone to make decisions and take actions on behalf of another person, known as the ward. […]
In Texas, the news of the recent $2 billion Powerball jackpot winner has brought attention to the importance of protecting wealth. Lottery officials announced that a single ticket holder took home the largest prize in U.S. history. But history has shown that many lottery winners find themselves in financial trouble within five years of hitting […]
Under U.S. tax law, gifts and inheritances are generally excluded from gross income. This means that you do not have to pay taxes on gifts or inheritances that you receive. However, there are some exceptions to this rule. For example, if you receive a gift of property that has appreciated in value since it was […]
What exactly is probate? It’s a legal process that takes place when someone dies, and it involves the distribution of their assets. While this may sound like a simple enough process, there are actually several different types of probate in Texas that you should be aware of if you are dealing with an estate or […]
When you’re the beneficiary of a Texas trust, there are certain things that you should know. From understanding the different types of trusts in Texas to knowing your rights as a beneficiary, these six things will help you navigate your way through the process. Whether you’re setting up a trust for someone else or establishing […]