Estate planning includes The Last Will and Testament and any other plans for asset distribution following your death.
Under the common law, whenever a beneficiary of a will predeceased the person making the will (known as the “testator”), the gift intended for the beneficiary in the will failed or “lapsed” and was given to the residuary beneficiary or beneficiaries of the testator’s estate, that is, those beneficiaries entitled to whatever was left in …
The coronavirus outbreak has now reached the level of a pandemic, according to the World Health Organization. As a result, countries around the world are taking serious countermeasures to slow its progress. Likely, you have already made changes to your everyday life to accommodate the government’s recommendations. However, planning for the future of your estate …
Wills are typically drafted and amended with the guidance of an experienced attorney. However, errors can occur even under professional supervision. When this happens, a will may no longer be valid and can be contested. Here are the three most common reasons to challenge a will in Texas. Lack of Testamentary Capacity Testamentary capacity refers …
If you own your home, then you may be curious about your estate planning options. Choosing to leave your house to your child after you pass can offer him or her security and financial stability. In Texas, you can do this in several different ways. An estate planning attorney in Austin can help you pick the option that …
When you have numerous assets and multiple beneficiaries, contacting an estate planning lawyer is a necessity. After all, you want to ensure that your wishes are carried out exactly as you outline them. But what exactly should you look for when searching for an estate planning lawyer? Here are some important things to consider: Look …
Marriage makes life easier in many ways. If one partner in a marriage becomes incapacitated, then the other spouse can make important healthcare and financial decisions for that person. If one spouse passes away, then any community property passes to the remaining spouse. Unmarried couples often do not have many of these rights. As a result, …
Movie and comic book fans alike are grieving the passing of Marvel Comics former publisher and chairman, Stan Lee. The 95-year-old is known for co-creating superheroes like Captain America, the Fantastic Four, the X-Men and Spider-Man. However, in his final years, Lee was plagued by financial issues that may put his estate in jeopardy. Here …
On October 26, 2018, one bitcoin was worth $6,392.71. Back in 2013, that price was hovering between $50 and $300. If you got onto the cryptocurrency bandwagon early, then it’s very possible that you made a lot of money, and Bitcoin isn’t the only game in town. Ethereum, Litecoin, Monero and Dash are just a …
When R&B legend Aretha Franklin died, her fans and music lovers around the world were wondering why her funeral was delayed for weeks. Unfortunately, Franklin did not leave a will, and her four sons were left to determine how her assets and property would be allocated. An important component of a will is to have …
While you are creating your estate plan, you might be wondering what will happen to your digital legacy once you pass away. Your digital legacy includes all information related to your online accounts, blogs, social networking identities and digital files that will still be left on the web once you pass away. Many of these …