What Is a Trust? Basically speaking, a trust for property is a legal plan that consists of the grantor or settlor, the trustee, and beneficiaries. You (the grantor or settlor) transfer your property to the trust where someone you choose (the trustee) manages that property for the people you want to benefit (the beneficiaries). The […]
Introduction to Trusts: A brief overview Read More »
Understanding Probate When a loved one passes away, navigating the legal process of settling their estate can feel overwhelming during an already difficult time. Understanding how probate works in Texas can help you make informed decisions and ensure your loved one’s final wishes are honored while protecting the interests of beneficiaries and creditors. What is
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The Role of a Last Will and Testament A Last Will and Testament is one of the most well-known estate planning tools. A will is a legal document that allows a person to state how their property should be distributed after death. While many people assume a will is straightforward, there are important details to
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Many Texans are surprised to learn that if someone dies without a will, the State of Texas decides who inherits their property with no valid beneficiary designation. This is known as dying intestate, and the rules are set out in the Texas Estates Code. Understanding how intestacy works can help families see why having a
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Generally, estate planning is the process of creating a strategy, and corresponding legal documents, that direct how your property, financial matters, and healthcare decisions will be handled if you become incapacitated or after your death. While many people think estate planning is only for those with significant wealth, it can benefit individuals and families at
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