If a loved one named you trustee or you want to choose trustee candidates for your trust, you deserve to know the role's responsibilities. Once you understand a trustee's duties, you have a better idea of how to narrow your options or decide if you have the right...
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Estate planning
Protecting your assets with the right executor
Having a good estate plan can help you retain control over the fate of your assets, even after your death. However, not having a trustworthy executor may put your plan at risk of failure. Choosing the right person to oversee your affairs may take some time. Knowing...
Preparing for the unexpected with a living will
Without warning, serious injuries or illnesses sometimes occur, leaving people physically or mentally incapacitated and, in some cases, at risk of death. Life-threatening situations often require medical decisions that may affect their outcome. If patients in such...
What can a trust accomplish that a will cannot?
A will is a critical part of your Texas estate plan, because it gives you a way to dictate who you want to inherit your belongings, and when. However, sometimes, you may have unique estate planning goals that you are unable to accomplish with a simple will. According...
What happens when a family member dies without a will?
When a family member dies without a will, they have died "intestate." The distribution of an estate for someone who dies intestate occurs according to the rules of intestate succession. What is the family situation? Estate distribution depends on if the deceased had...
Is a charitable trust right for you?
If you enjoy giving back, such as by donating to your church, your alma mater or your favorite charity, you may wish to consider establishing a charitable trust so as to make these donations in a more structured manner. FindLaw explains that you can choose to...
What happens when a trustee breaches their fiduciary duties?
A Texas fiduciary takes care of the administration of the assets within a trust. If you are a trust beneficiary and the administrator acts inappropriately or fails to perform their duties, you may have grounds for a claim. According to the State of Texas, trust...
Why should you review your estate plan?
Having an estate plan can give you a place to document financial goals, clarify asset distribution and share your final wishes. Using the information you provide, those in charge of closing your estate can know precisely what to do. Contrary to what some have said,...
Writing a will as a new parent: What do you need to know?
Writing a will is perhaps one of the most important things you can do as a new parent. Yet, being young and in the prime of their lives, writing a will is rarely something new parents think to add to their to-do lists. Such an oversight could prove costly. In the...
Why you probably need an estate plan
An estate plan might sound like something reserved for high-profile figures or generationally wealthy families, but, in reality, they are something that most people need. The planning process can include writing a will, designating a power of attorney and signing a...