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If you have served as an executor of an estate before and are now being asked to administer a trust—or vice versa—it is helpful to understand the similarities and differences between the processes. Trust administration is often less complex than estate administration, but that depends entirely on the terms of […]
Category: Probate and Estate/Trust Administration
The probate avoidance strategy has been very popular in estate planning in recent years. But for every person who has come to their attorney asking for a revocable living trust or other plan to bypass probate, there are scores of others who aren’t sure what all the fuss is about. […]
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. […]
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 […]