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Many people are afraid the high cost of nursing home care will deplete all of their assets in their later years. Honestly, however, there are many more people who aren’t worried and probably should be. Without a plan for long-term care, families often find themselves panicking when a crisis hits. […]
Category: Probate and Estate/Trust Administration
People make a lot of assumptions about wills and how they operate in Texas, and a surprising number of those assumptions are wrong. While the full list of misconceptions about wills is too long to describe here, we will review some of the most common. You Don’t Need a Will […]
The probate process is a mystery to many people in Texas, including a fair number of attorneys. It’s based on practices courts devised hundreds of years ago to ensure that when someone died, the debts were paid and their property passed to those entitled to have it by law. The […]
Probate is a legal process for wrapping up someone’s financial and legal affairs after they pass away. Depending on the situation, probate may not be necessary, or a simplified version of the process may be available. In many cases, however, regardless of whether the deceased person left a will, someone […]
People often think about Texas community property laws in connection with divorce but don’t consider how these laws affect probate. Community property laws can have a profound impact on what happens to your property when you or your spouse pass away. If you don’t have an up-to-date estate planning strategy, […]