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Common estate administration and planning concerns

No matter who you are, there will likely come a time when you begin to consider the estate planning and administration process.

Like most, you know that having an estate plan is a big deal. You also know that you may have to go through the estate administration process if somebody close to you, such as a spouse or parent, passes on.

While some estate administration and planning concerns are unique to a small number of people, there are others that are much more common. Regardless of your situation, you want to know that you have everything in order and that you are able to handle anything that comes your way.

For example, small estate administration, in which an estate is valued at $50,000 or less, is common in the state of Texas.

Estate planning after divorce is also a common concern, especially with baby boomers splitting at a higher rate than ever before. With strict state laws governing all types of estate planning documents, including wills and trusts, you need to know how to revise these in the appropriate manner.

It does not matter if you are going through estate planning or faced with estate administration, you need to know what you are doing every step of the way. This is the only way to ensure that you don't make any mistakes and that you do what is best for you and your family.

If the time has come to learn more about estate administration and planning, including common concerns, take a closer look at our website, paying special attention to the College Station estate planning lawyer webpage.

Source: Law Office of Randy Michel, "College Station Estate Planning Attorney" Sep. 17, 2014

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