A will is put under immense scrutiny in court to ensure that the legal document is a genuine expression of the testator’s intent. If something seems amiss with a will, then it’s possible for some parties, such as beneficiaries and heirs to challenge the contents or...
PROBATE & ESTATE ADMINISTRATION – Estate Administration
What taxes are due during Texas estate administration?
The personal representative of a Texas estate has numerous obligations. They must fulfill these obligations appropriately or risk personal liability for those oversights. Debts are often a major consideration during estate administration. The legitimate debts of the...
How debts can affect the probate process in Texas
Texas probate proceedings oversee the distribution of someone's property and the resolution of their obligations after they die. Any resources that belong solely to the deceased party will become part of their estate. Their responsibilities, including their tax...
Why is succession planning essential for businesses?
A business cannot be successful without the work and dedication of key individuals in the organization. Succession planning allows you to prepare for the unexpected loss of such individuals. The successor should be someone with the experience and skill necessary to...
Why aren’t people doing their estate planning?
When someone passes away, their estate plan helps to distribute their assets. An estate plan can also be used to make decisions for the future. For example, an advance directive could give medical directions in case someone is incapacitated. You can see how this can...
Can someone contest probate?
A will allows someone to designate beneficiaries of their estate in preparation for their passing. When they pass away, their heirs won’t benefit from the testator's estate immediately. Instead, the heirs will have to wait for probate to end before they see any of...