Ademption and voluntary partition are two important concepts in Texas Probate Law that are often confused. Understanding the differences between the two concepts is crucial for those who are administering an estate or creating an estate plan. Ademption in Texas Probate Law Ademption refers to the situation where a specific gift in a will or…
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Smooth Estate Distribution with a Legal Will and Agreeing Recipients
Probate is the legal process of settling a deceased person’s estate, including distributing their assets and paying off any debts. In Texas, the probate process can be relatively straightforward, especially when there is a legal will in place and all recipients agree on the terms outlined in the will. This was the case for our…
Elvis and Lisa Marie Presley’s Estate Planning Mistakes – Should They Have Had “Suspicious Minds” So Their Estates Wouldn’t Be “all Shook Up”?
Elvis Presley, the King of Rock n’ Roll, trusted his manager and promoter, Colonel Tom Parker. Maybe he shouldn’t have. Elvis named his trustworthy father (Vernon) who was in poor health and elderly as the executor (without an alternate) of his will. That was a mistake. In fact, he should have had a trust with…
9 Documents Other Than a Will to Consider in Estate Planning
Most people think of a will when it comes to estate planning, but there are many other documents to consider in basic estate planning depending on your individual situation. This list of documents (exclusive of a will) includes, but is not limited to, the following: Financial Power of Attorney. This document is usually general and…
How to Make a Valid Handwritten Will in Texas
Writing a will is an important step in ensuring that your assets and property are distributed according to your wishes after your death. In Texas, there are specific requirements that must be met in order for a will to be considered valid. One option for creating a will is to write it by hand, also…
Creditor’s Claims in Texas Probate Courts
When a person passes away, their assets and debts must be settled through the probate process. This process can be complicated, especially when it comes to the payment of creditors. In Texas, there are specific rules and procedures that must be followed when dealing with creditor’s claims in probate court. In this article, we will…
Guardianship and Conservatorship in Texas Probate Courts
When a person becomes unable to make decisions for themselves or manage their own affairs, a guardianship or conservatorship may be established in Texas probate court. Both guardianship and conservatorship are legal processes that allow a court to appoint someone to make decisions and take actions on behalf of another person, known as the ward.…
Will Contests in Texas Probate Courts
Will contests in Texas probate courts are legal proceedings in which the validity of a last will and testament is challenged. These types of cases can be complex and emotionally charged, as they often involve disputes between family members over the distribution of a loved one’s assets. Validity of a Will in Texas In order…
$2 Billion Powerball Win Highlights Need for Estate Planning
In Texas, the news of the recent $2 billion Powerball jackpot winner has brought attention to the importance of protecting wealth. Lottery officials announced that a single ticket holder took home the largest prize in U.S. history. But history has shown that many lottery winners find themselves in financial trouble within five years of hitting…