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Sometimes, people don’t always make the right choice when they name someone to serve as executor of their will or trustee of a trust. They might pick someone who is unethical, or they might just choose someone who is unprepared to handle the responsibility and makes a mess of things. […]
Category: Probate and Estate/Trust Administration
People often think they can simplify their affairs and avoid probate by not creating a will. They erroneously assume that their property will go where they want it to automatically, so there’s no need for the legal fuss. However, the lack of legal planning can cause problems, particularly for husbands and wives […]
Understanding Pour-Over Wills Compared to Traditional Wills
November 29, 2024 April Nordhaus Estate Planning Probate and Estate/Trust Administration Wills & Trusts
If you are considering or have already created a revocable living trust, you may have heard that you should have a certain type of will known as a “pour-over will” to complement the trust. This is good advice, but it is a little confusing if you’re not thoroughly familiar with […]
Many people establish estate plans based on revocable living trusts to avoid probate. The popularity of these plans is based on a healthy fear of the probate process. Probate has a reputation for being long, complicated, and expensive. Is it always necessary in Texas? And is it really that bad? […]
Trustees have a variety of obligations, and sometimes their duties are more complex than others, depending on the type of trust they are administering. However, one set of duties that remains the same is a trustee’s fiduciary duties. As the name implies, trustees are put in a position of extreme […]