MYTHS ABOUT PROBATE AND ESTATE PLANNING PART TWO As with the famous and diets, myths abound in estate planning and probate too. We’ve compiled our TOP TWELVE LIST that we are sharing in five installments. Myth #3: Spouses inherit everything. Depending on your family, your spouse may not be the heir at law or [...]
For many families, the word probate sounds like a drawn-out, complicated, and expensive process that traps loved ones after someone passes away. While that may be true in some states, Texas law provides a modern and efficient probate system that’s designed to simplify the process rather than burden families. But what is probate really for? [...]
Our firm mission is to take the fear and unpredictability out of probate, and the other services we provide. Despite our best efforts, the word "probate" works as a bogeyman that causes some to shake with irrational fear. The concern is that probate will significantly deplete an estate, usually by increased legal fees. First, here [...]
The word "estate" can mean different things. To some, it means what you own. To the Internal Revenue Service, it is the property of the decedent subject to estate tax. To a probate attorney, it means those assets that are transferred by the Last Will and Testament. We call that the “probate estate.” Doesn’t [...]