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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 […]
Category: Probate and Estate/Trust Administration
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, […]
Probate is no fun. The process can be expensive, time-consuming, and confusing. Mistakes can be costly. And there are ways to set up an estate plan to avoid probate, so that has become a goal for many. Often, people in McKinney believe that if they have a valid will, that […]
When the world lost Aretha Franklin on August 16, one of the more-surprising stories to make headlines was the fact that she did not have an estate plan. While many of the details of the administration of Franklin’s estate are likely to remain private, with an estimated net worth of […]
Under the right circumstances, life insurance can be a valuable – and even cost-saving – addition to a comprehensive estate plan. But, like all estate planning tools, life insurance is not the best option for everyone. If you are thinking about buying life insurance, or wondering if you should, here […]