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Protecting Your Legacy

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The challenge of choosing a power of attorney

There are many decisions to wrestle with when creating an estate plan. Few families are so harmonious that the parents are able to easily designate assets and authority without a twinge of uncertainty. Perhaps you have more than a twinge as you consider the documents you wish to include in your estate plan.

Should you try to avoid probate?

Probate may be one of the most confusing aspects of estate planning. Some see it as an important legal process, and others do everything possible to avoid it. The average estate will go through probate, which proves the validity of your will, verifies the identity of your heirs and provides time for your creditors to claim what you may owe. While all of this is important, the process is slow, and this means your heirs may spend months or longer dealing with it.

What's an Affidavit of Heirship and why do I need one?

The fact is that the majority of people here in Texas and across the country die without either an adequate will or a will at all. This means that a surviving family member will need to step up and take control of settling the decedent's estate. If you fulfill this role, you will be required to take several steps in order to accomplish that goal.

Will your children fight over your estate?

Estate law experts estimate that in Texas and across the country, about $30 trillion will pass from parents to children and grandchildren through inheritances over the next few decades. While you may not have $30 trillion to leave behind for your children, whatever you leave may be a windfall for some of your heirs. It may also be a source of contention.

Administering an estate without a will in Texas

Many Texas residents may not think that they need a will since their largest assets, their home, retirement plan and life insurance policy will all pass to heirs without the need for probate. For instance, spouses usually own homes as joint tenants with rights of survivorship, which means the surviving spouse owns the home outright after the death of the other owner.

3 factors that could slow down probate administration

After a loved one dies, having the responsibility to close his or her estate may fall to you. If your family member named you executor of the estate, you will have many duties to carry out in order to ensure that you address your loved one's wishes appropriately and that any outstanding personal and financial issues get resolved as necessary. In order to begin carrying out the necessary tasks, you will need to go through the probate process.

Aldrich Law Firm, PLLC

Aldrich Law Firm, PLLC
8700 Crownhill Blvd.
Suite 200
San Antonio, TX 78209

Phone: 210-418-1150
Fax: 210-598-7221

8700 Crownhill Blvd. | Suite 200 | San Antonio, TX 78209
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