We may work a lifetime so that we have an inheritance to pass on to our children and grandchildren. However, most people in Texas do not want to see a young adult squander a large inheritance. If you leave a young adult a sum of money in a will, they will receive...
Inheritances
Community property and its impact on inheritances
Community property is a system of property ownership that is recognized in Texas. It purports that when married people acquire wealth or property, each member of the marriage owns half of the acquisition. Community property and the disposition of property is often an...
When it comes to inheritance, fair does not always mean equal
In a perfect world, parents remain healthy for an extended period of time, siblings pitch in to take care of their parents, all of the siblings get along with each other and each of the siblings is a responsible individual. In reality, this is not always the case....
Are you sure you understand inheritance rules?
Losing a parent is never easy, and it can be even harder when dealing with complicated legal matters soon after. This is especially true when it comes to inheritances. An inheritance is usually much more than just some extra money or property to look forward to;...
An inheritance is not always a guarantee
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...
Advice for those whose inheritance includes a Roth IRA
Retirement plans can have several different components. They not only take care of an account holder, but can be passed on to a family member or another individual after the account holder has passed on. Some of them include a retirement account known as a Roth...
Determining how much of an inheritance to leave
There are some parents in Texas who work their entire lives with the plan of leaving whatever assets remain at the time of their death to their children. There are others, however, who worry about how leaving their children with a large inheritance will...
Should children receive an equal inheritance?
Most parents in Texas work hard to ensure that none of their children feel as if their siblings are favored in some sort of way. While ensuring that each child has the same opportunities in their life is understandable, there are often extenuating circumstances that...
Franklin’s handwritten wills raise new inheritance questions
The news in Texas and around the nation was full of stories regarding how Aretha Franklin died without a will in August of 2018. Many questions involving inheritance issues arose since there was no estate plan in place, specifying who should receive her assets....
What happens if someone doesn’t want to accept an inheritance?
When most Texas residents and others around the country learn that they have been included in someone's will, they begin dreaming of what they will receive one day. It may be something of monetary value, such as property, cash or a business interest. On the other...