When a person creates an estate plan, he or she has the right to make every decision. There are times when everybody is on board with these decisions. There are also times when it leads to trouble down the road, such as a will contest after the person passes on.
As you create your estate plan, you will be faced with a variety of questions. One that is often overlooked is as follows: Who will be the executor of your will? It is not uncommon to get so caught up in who will receive your assets that you overlook the importance of this question.
There are not too many people who look forward to the estate planning process. Even so, most realize they need to create a plan to ensure the future well being of their loved ones.
Are you one of our Texas readers? Are you concerned that your estate plan is not as foolproof as it could be? You shouldn't feel alone, as many people are in the same position as you. As your life goes by, it is easy to overlook the importance of an estate plan. Most people start by creating a will, but some stop there. They think this is enough, in many cases because they are not aware of there other options.
While many of our Texas readers have a sound estate plan in place, others are wondering how to best move forward. Once you have a clear understanding of the most important estate planning documents, you can begin to make changes for the better.
As one of our Texas readers, you may have created a will in the past to ensure that your property is distributed as you wish upon your death. At the same time, you may be one of those people who need to make changes to one's will or create this legal document for the first time.
With so many people overlooking the benefits of estate planning, both in Texas and other parts of the country, it is important for people to spread the word about the importance of this process.
Super Bowl Sunday was marred with the news of the sudden death of Phillip Seymour Hoffman. The 46-year-old actor noted for his roles in “Magnolia”, “The Talented Mr. Ripley”, and the “Hunger Games” films was found dead in his New York City apartment. According to numerous media reports about how he was found, Hoffman presumably passed away due to a drug overdose.