An inheritance is not always a guarantee

| Mar 9, 2020 | Inheritances |

Receiving assets from a recently deceased loved one can often seem like a blessing. The inheritance could allow a person to still feel connected to his or her loved one, or it could help an individual handle a difficult financial spot. Of course, even if individuals anticipate receiving assets, it is important to remember that it may not be a guarantee.

Hopefully, Texas residents will have discussed estate plans and other related matters with their family members before the time comes to implement the plans. This could allow interested parties to have a better idea of what to expect when it comes time to probate the estate. After all, a person may expect to receive a windfall after a loved one’s passing only to find out that he or she had been disinherited.

In addition to being directly disinherited, individuals could miss out on assets in other ways. For example, if a parent or other loved one did not update his or her will after certain events, like divorce or the birth of a new family member, the outdated information could affect inheritances. In fact, a younger loved one could miss out on receiving anything if the testator did not update his or her plan to include that person.

In some cases, not receiving an expected inheritance can lead to probate disputes. Of course, before jumping to litigation, it is wise for concerned Texas residents to consider their options. They may wish to speak with experienced attorneys who could help assess the situation and determine what the best course of action may be.