You may have heard that trusts are a valuable estate planning tool, but you may not know much about how they work. In fact, one of the most common questions we receive from clients is, What is a revocable trust? In short, a revocable trust allows a person to place assets into a trust, retain control over those assets,...
Continue ReadingA survivorship deed is a legal document Texans can use to decide what happens to real property (real estate) held by multiple owners when one owner dies. It allows property to pass automatically to a surviving co-owner instead of becoming part of the deceased owner’s probate estate. For many people, this approach offers a faster and more predictable way...
Continue ReadingIf you own real estate in Texas and are considering transferring it to a spouse, child, or family member, you may have heard the term “quitclaim deed.” Texas quitclaim deeds work very differently from what many people expect. State property law treats quitclaim deeds with caution, and what seems like a quick fix today can create title problems years...
Continue ReadingTrusts come in several different structures. One of the biggest differences between trusts is whether they are “living” or “testamentary.” When it comes to testamentary trusts, you can create one through a will, causing it to take effect after the person who makes the will dies. These trusts can control how someone manages and distributes assets over time, helping...
Continue ReadingA will gives clear instructions for handling a person’s property after death. However, problems can arise when an executor ignores or mishandles those instructions. Misconduct by executors can result in harm to individuals and their assets. If you are trying to figure out what to do if the executor does not follow the will, Texas law gives you several...
Continue ReadingWhen someone creates a will, they usually name an executor to carry out their final wishes. The executor manages the estate, pays debts, and distributes property after death. Yet, circumstances can change, leading many people to wonder what happens if the executor of a will dies, either before or after the will takes effect. The answer depends largely on...
Continue ReadingHave you ever asked yourself, Do I need an estate plan? If so, you are not alone. Many people hear “estate plan” and imagine something vague and inaccessible. But an estate plan lets you prepare yourself and your loved ones for what to do if you become medically incompetent and when you die. Without a plan, your loved ones...
Continue ReadingNo one wants to leave their family sorting through paperwork and probate court filings when they should be remembering you. Fortunately, in Texas, creating a clear will doesn’t have to be expensive or feel like an ordeal. So, how much does it cost for a will in the Lone Star State? The price depends on your goals, assets, and...
Continue ReadingWhen someone dies, the clock starts ticking. Texas law gives an executor four years from the date of death to file the will for probate. But what if that doesn’t happen? What if the executor does not probate the will, either intentionally or by neglect? The answer can shape what happens to property, debts, and family peace for years....
Continue ReadingWhen a loved one dies without a will, distributing their estate can add even more hardship to a grieving family. In most cases, the decedent’s estate will go through a probate process involving lengthy delays and court oversight. Fortunately, there are some methods heirs can use to receive the decedent’s property without going through probate. A Texas affidavit of...
Continue Reading