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Protecting Your Legacy

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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.

If someone names you executor, be prepared for a bumpy ride

People can pay tribute to you in many ways. They can tell people how wonderful you are, make a donation in your honor to your favorite charity or name their children after you. Your loved one may have felt he or she bestowed a great honor on you by naming you as an estate executor.

Aldrich Law Firm, PLLC

Aldrich Law Firm, PLLC
909 NE Loop 410
Suite 602
San Antonio, TX 78209

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

909 NE Loop 410 Suite 602
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