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Part II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title

Texas law provides several options to transfer ownership of a deceased person’s (usually called a “decedent”) property. We previously discussed the difference between a dependent and an independent administration. The dependent and independent administrations are used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such as owing unpaid debts. Texas Read More

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Four Reasons to Fund Your Business Succession Plan

It is an incredible accomplishment for business owners to craft a business succession plan establishing the structure that will transition the business out of the hands of the current owner(s).  However, even the best business succession plan will be considered a failure without a proper funding mechanism.  The considerations in support of setting up a Read More

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Part I – Probate: Identify the most efficient probate proceeding

Probate is the process of applying to a court for authority to transfer a decedent’s property.  When the court stays involved throughout the administration of a probate (i.e. through the whole process) then the probate process is long, complex and expensive.  However, Texas has aggressively sought to create a number of more efficient (i.e. quicker Read More

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Protecting Inherited Assets from Creditors

Saving money is difficult.  It is no wonder, then, that most people are not excited about the possibility of creditors swooping in and taking the assets they leave to their heirs.  Fortunately, a well-crafted estate plan can be utilized to reduce this risk. A common tool is to be to leave assets to your children Read More

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Estate Planning for Life Part III – Directive and DNR

When most people think of estate planning they typically think wills, trusts and death.  However, the actuality is that one of the major focuses of good estate planning is for incapacity during a client’s lifetime.  In the previous Part I of this series, I outlined the purpose and benefits of a Financial Power of Attorney.  Read More

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Estate Planning for Life Part II – Medical Power of Attorney

When most people think of estate planning they typically think wills, trusts and death.  However, the actuality is that one of the major focuses of good estate planning is for incapacity during a client’s lifetime.  In the previous Part I of this series, I outlined the purpose and benefits of a Financial Power of Attorney.  Read More

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Estate Planning for Life Part I – Financial Power of Attorney

When most people think of estate planning they typically think wills, trusts and death.  However, the actuality is that one of the major focuses of good estate planning is for incapacity during a client’s lifetime.  I take a very educational approach to my consultations and I am always pleased when we reach the end of Read More

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Sometimes It’s not “One and Done”: Difficulties of Probating the Surviving Parent’s Estate

Difficulties of Probating the Surviving Parent’s Estate Texas has relatively efficient probate system.  It has been designed to provide a number of options to allow residents to select the least expensive and quickest method to probate an estate.  In fact, Texas has developed abbreviated probate proceedings to deal with small estates, including individuals that really Read More

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Tips For Choosing an Executor

You have likely put a significant amount of time, effort and money into planning your estate, don’t throw it all away by picking the wrong executor. Ideally, your executor will administer your estate honestly, efficiently and in the best interest of your beneficiaries. Bad executors have the potential to waste your estate’s funds, destroy family Read More

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Four Ways to Fund your Business Succession Plan

Four Ways to Fund your Business Succession Plan An important part to a business succession plan is considering how to fund your succession plan.  After all, the most intricate and thoroughly considered succession plan will fail if it lacks the funds necessary it execute the plan.  The method of planning will depend on a multitude Read More

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Part II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title

Texas law provides several options to transfer ownership of a deceased person’s (usually called a “decedent”) property. We previously discussed the difference between a dependent and an independent administration. The dependent and independent administrations are used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such
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Part II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title

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