Many individuals choose to name a beneficiary as the executor of their will. Gaining a clear understanding of the roles and responsibilities involved can help determine if this arrangement is the right fit for your situation. The role of an executor The executor...
Probate
Tax implications for beneficiaries during probate in Texas
Navigating the probate process in Texas means understanding the financial responsibilities that come with inheriting assets. Various types of inheritances have different tax consequences. Beneficiaries should consider the potential tax implications of their new...
What to know about contesting a will in Texas
When someone passes away, their will should carry out their wishes regarding the distribution of their belongings and assets. However, sometimes disagreements arise during the probate process. Contesting a will in Texas can be complex, but understanding some key...
Why do executors need to obtain letters testamentary?
The difficult task of taking charge of the estate of your recently deceased family member may fall on your shoulders. If so, you will perform a number of duties as executor to close out the estate, but you should also know how to gain the authority to do so. The state...
How can executors manipulate beneficiaries?
The dynamic between executors and beneficiaries may not always be a positive one. The majority of executors carry out their responsibilities diligently. However, some manipulate beneficiaries to serve their own interests. Understanding potential methods of how this...
Understanding the ancillary probate process
After someone passes away in Texas, this person's estate typically gets divided among this person's designated beneficiaries. Someone's beneficiaries can receive assets such as homes, vehicles and monetary rewards. However, the estate administration process becomes...
How does probate work in Texas?
Probate generally occurs when a person has passed away and their estate needs to be settled. There is an entire process that takes place before the decedent’s heirs can receive their bequests. This is how probate works in Texas. Filing the application An application...
What are some options for avoiding probate?
When a Texas resident dies, surviving family members might struggle to get their inheritance. Probate could make matters even more challenging. However, you can help your family avoid this process by making use of trusts and other estate-planning options. Create a...
