The IRS has announced that it will be increasing the estate and gift tax exclusions for 2023. This means that more money can be passed on to heirs without being subject to taxes. For those who are planning their estates, this is good news. However, it also means that more people will be subject to…
Tag: estate planning
Is Filling In Blank Forms the Practice of Law?
When it comes to estate planning, there are a lot of forms that need to be filled out. And if you’re not an attorney, you may be wondering if filling in these forms is the practice of law in Texas. In this blog post, we’ll take a closer look at the issue of filling in…
When is a Contract not subject to Equitable Conversion?
When is a contract not subject to equitable conversion? This is a question that often comes up in business law, and the answer is not always clear. In order to understand when a contract is not subject to equitable conversion, we must first understand what equitable conversion is. Equitable conversion is the doctrine that allows…
When Is an Irrevocable Trust Not Established?
An irrevocable trust is a type of trust that, once established, cannot be modified or terminated by the grantor. This type of trust is often used for asset protection or estate planning purposes. But what happens when an irrevocable trust is not established in Texas? In this blog post, we’ll explore the answer to that…
How Do I Probate a Will in Texas?
Probating a will is the process of proving the validity of a will in court. It is generally required when someone dies with assets in their name that need to be transferred to beneficiaries. The probate process can be complicated, so it is important to have an experienced attorney by your side. If you are…
What Do I Do with a Loved One’s Body Prior to Probate?
One of the most pressing concerns when someone dies, prior to the probate process, is figuring out what to do with the body or remains and making the necessary arrangements for the body or remains. Human remains can be donated, buried, cremated, or entombed. It is necessary to determine whether the deceased is an organ…
What are 3 ways testators can bequest something in their Texas Will?
When you create a will, you have the opportunity to specify how your belongings will be distributed after you pass away. This is called a bequest. In Texas, there are three ways to make a bequest in your will: specific, demonstrative, or by residuary. Specific bequests are when you leave a specific item to someone…
What You Need to Know about Hiring a Texas Probate Attorney
In Texas, the probate process can be complicated and time-consuming. If you’re considering hiring a probate attorney, there are a few things you should keep in mind. In this blog post, we will explore what you need to know about hiring a Texas probate attorney. We will discuss the different types of probate, the benefits…
How to Prove Testamentary Capacity in a Texas Probate Court
A will is a legal document that names how a person’s property will be distributed after their death. In order for a will to be valid, the person must have what is called “testamentary capacity.” This means that they must understand the nature and extent of their property, and must be able to identify the…