Estate planning is an essential aspect of financial preparedness that often suffers from myths and misconceptions. These misunderstandings can lead to poor decisions or neglect of important planning. Knowledge of the myths will help you gain a clearer understanding of this critical financial and legal process. 1. Estate Planning Is…
Estate Planning is a vital process that ensures your assets are protected and your loved ones are provided for in the event of your passing. However, estate planning in Texas comes with its own unique considerations and challenges. It is not uncommon for individuals to make mistakes during the estate…
In Texas, when a person dies and leaves a will, that will must be submitted to the court. However, all wills do not have to be probated. For a will to be admitted to probate, the court must determine a necessity for administration. Only estates with no contests, no real…
In Texas, if you die without a will, your property, including your real property and personal property, will be distributed according to Texas law. This may or may not be the way you want your property divided. It is possible that your siblings, parents, or grandchildren will not inherit anything….
On occasion, a Will offered for probate does not reflect the true wishes of the person and the probate of that Will may be contested. The state of Texas wants to be sure the wishes of the testator (the person who wrote the will) are followed, but certain circumstances may…
Everyone should draft a will, but once you have written your will, remember it is not carved in stone. When you are faced with life-changing events, you should review it to be sure it still reflects your wishes. Even if it seems that nothing has changed, you should still periodically…
In order to sell a house, you must have clear title to that home. If the legal owner of the property died and left you that house in their will, but you never probated the will, the answer to whether you can now sell the home depends on many factors….
An irrevocable trust is what it sounds like: irrevocable. One way this type of trust is commonly used is for a parent to set up a trust for their children. The trust has creditor protection and tax benefits. But, when things change through the years, the trust does not. The…
A properly executed will allows a person to have their assets distributed according to their wishes after they die. The person who prepares a will is referred to as the testator. The Texas Estates Code sets out the requirements that must be met by the testator for the document to be valid….
If someone dies in Texas without a will, the Texas Estates Code governs how the estate is distributed. A person who dies without a will is said to have died “intestate.” The law provides complicated guidance as to how property of a person who dies intestate is divided. The important thing to remember is that…
SPRINGER & LYLE, LLP
1807 Westminster
Denton, TX 76205
phone: 940.387.0404
toll-free: 855.387.0404
fax: 940.383.7656
