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Category Archives: Debts
Don’t Spend It All in One Place–Making An Inheritance Last
A US study indicates that one in five people who receives an inheritance of $100,000 or more spends it rather than saving or investing at least some of the money. The average person only saves half of what they receive. … Continue reading
Posted in Beneficiary designation, Charity, Debts, Estate Planning, Inheritance, Wills
Tagged beneficiary, charity, inheritance, trust, will
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Disinheritance – “Mom always loved you more!”
Occasionally clients will state that they want to leave a natural object of their affection (spouse, child or someone else) out of their will. This is always a touchy subject and one that must be approached with some sensitivity. What … Continue reading
Posted in Beneficiary designation, Debts, Estate Planning, Inheritance, Probate, Trusts, Will challenge, Wills
Tagged beneficiary, estate planning, trust, will, will challenge
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Biggest Mistakes Executors Make
An article published in the Wall Street Journal earlier this year caught my eye. It is particularly relevant to those who are serving or have been designated in friends’ or family members’ wills, but it is also important for those … Continue reading
Posted in Debts, Estate Planning, Inheritance, IRS, Probate, Wills
Tagged estate planning, executor, taxes, wills
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Executor Pitfalls
The Wall Street Journal recently ran an article highlighting some of the difficulties that can arise when a person serves as executor of an estate. These are just a few of the pitfalls an executor may encounter. Unfortunately, there are … Continue reading
Posted in Beneficiary designation, Charity, Debts, Estate Planning, Estate Tax, Financial Planning, Inheritance, Probate, Trusts, Uncategorized, Will challenge, Wills
Tagged administration, beneficiary, estate, executor, probate, will
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Your Kick the Bucket List
The Texas Young Lawyers Association recently updated a publication they have prepared for many years providing a guide to probate and estate planning in Texas called the Texas Probate Passport. It is an excellent resource and can be found in … Continue reading
Posted in Debts, Estate Planning, Inheritance, Probate, Wills
Tagged beneficiary, descendant, estate planning, executor, probate, wills
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