A power of attorney can be an effective estate planning tool. This document allows a person, called the principal, to designate another person, called an agent, to make financial decisions for him or her. The principal may choose to create a durable power of attorney...
This Texas estate planning and administration law blog has offered its readers many posts about the benefits of timely estate planning. However, an estate plan is only as good as the documents and tools that are included in it. If a testamentary document is not valid,...
It is a joy and privilege for some Dallas residents to have the financial ability to support their favorite causes. Many nonprofit organizations depend on donations and charitable giving to fulfill their important missions. During the estate planning process, a Dallas...
Estate planning is an important legal process that can benefit all Texas residents. From those of modest means to those of extreme wealth, any qualified adult who wishes to have control over what happens to their property when they die can create a comprehensive...
Courts may declare a will invalid if they find it was made under undue influence. This issue comes up in very difficult will contests involving accusations that someone manipulated the deceased person into making a will that did not represent their true wishes. This...
Estate planning is about much more than just deciding who will inherit your assets. It’s about providing protection for your family and loved ones while still allowing you to retain some control over how those assets are used. That’s where trusts can come into play in...
Musician Prince, whose recorded songs such as “Purple Rain” and “Let’s Go Crazy,” was loved by many in Texas and across the U.S. Following his untimely death at age 57, Prince’s estate was not without its legal woes, as the musician did not have a will. One specific...
Probate is the legal process that begins when a person, called the decedent, passes away. Probate administration resolves any debt and taxes on the estate, and where directed, distributes devises and legacies. Probating a Will is the procedure the court takes to...
Were you expecting an inheritance from a loved one but later found out that you were cut out of his or her will? If so, then we know that you’re dealing with a lot of emotions right now. You’re probably confused and angry, and you might not know where to go from here....
A special needs trust is created for a person who has a physical or mental disability and lacks the capacity to manage their finances. The person who manages the trust is called the trustee and the person for whom the trust is managed is called the beneficiary. A...
