Drafting a will gives a testator control over how their assets are distributed upon his or her death. In some cases, a person who seeks a greater level of control might place their property in a trust with detailed instructions regarding asset management and disposition. But when a person does bequeath assets through a will,…
Continue reading ›For many Texans, the most valuable asset they own is their home. Whether it’s the family residence, a vacation home or an investment property, transferring real estate is often a primary consideration during estate planning. Families with substantial wealth might need to consider federal estate taxes when deciding how real estate should be distributed upon…
Continue reading ›Every year, people in Texas and throughout the United States die without having completed a valid will or establishing an alternative method of distributing their assets, such as a trust. This failure means that the decedent’s wishes might not be honored, because their property will be dispersed based on intestacy laws. Moreover, the lack of…
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