In Texas, an estate can be probated in more than one way. The most formal way to administer and estate is formal probate with court oversight. court oversight. Independent administration, muniment of title, and a small estate affidavit are other options. As the name implies, independent administration allows the executor/administrator of the estate to conduct all administrative functions without the need for court approval after the court has opened the probate and approved the appointment of … [Read more...] about Free Report: The Texas Probate Process
Free Report: How Are Debts Handled After Someone Dies in Texas
Texas Hidden Heading If you are a beneficiary or heir of an estate you should understand how those debts could impact your inheritance. If you are the Executor or Personal Representative of an estate, you will be responsible for all aspects of creditor claims during the probate process, making it important that you understand the often complex rules for notifying and paying creditors of the estate. Most Personal Representatives (PR) retain the services of an experienced Texas estate … [Read more...] about Free Report: How Are Debts Handled After Someone Dies in Texas
Thought for the Day:
“Think big thoughts but relish small pleasures.” H. Jackson Brown Jr. … [Read more...] about Thought for the Day:
Should I Have a Durable Power of Attorney in Houston Texas?
Creating a comprehensive estate plan typically means creating and executing much more than just a Last Will and Testament. Exactly which additional documents will become part of your estate plan will depend on individual circumstances, goals, and concerns. Having said that, however, there are some estate planning documents that are commonly added to an overall estate plan. One of those is a durable power of attorney. Of course, you should consult with your estate planning attorney before … [Read more...] about Should I Have a Durable Power of Attorney in Houston Texas?
Texas History – Do You Know Who Was the First Sheriff of Navarro County?
James Buckner (Buck) Barry immigrated to Texas in 1841 and received a headright grant of 640 acres of land near Corsicana. There he did a little farming and a great deal of hunting. Barry soon joined the Texas Rangers, first as a member of an independent company at San Antonio, then as a member of Captain Thomas J. Smith’s Robertson County Rangers, and finally with John Coffee Hays’ company. Barry returned to his native North Carolina where he met and married his wife and began a family. He … [Read more...] about Texas History – Do You Know Who Was the First Sheriff of Navarro County?
Free Report: Texas Estate Liquidity – Why It’s Important
The term “liquidity” refers to the immediate value of an asset. Most people are familiar with the concept, if not the word. Cash is the most liquid of all assets because you do not have to do anything, or take any steps, to benefit from the value of cash. Other assets have varying degrees of liquid value. To illustrate the concept, imagine that your spouse is suddenly, and unexpectedly, stricken with a medical condition that requires an immediate and expensive surgery. Topics covered in this … [Read more...] about Free Report: Texas Estate Liquidity – Why It’s Important
Famous Estates – Legacy Champ or Chump?
Edwin Gould (1866-1933) - Capitalist Edwin Gould was an American capitalist and railway official who was the son of railroad financier Jay Gould. Gould accomplished many things during his life, including serving as secretary of the St. Louis, Arkansas, and Texas Railway; serving as Vice-President and President of the St. Louis Southwestern Railway and serving as President of the Five Boroughs Realty Company.. The philanthropic work of Gould's mother-in-law, Hester Shrady, was a major … [Read more...] about Famous Estates – Legacy Champ or Chump?
Thought for the Day:
“You’ll learn, as you get older, that rules are made to be broken… Go against the grain, refuse to conform, take the road less traveled instead of the well-beaten path. Laugh in the face of adversity, and leap before you look. Dance as though EVERYBODY is watching. March to the beat of your own drummer. And stubbornly refuse to fit in.” Mandy Hale … [Read more...] about Thought for the Day:
Can Someone Contest a Trust in Houston Texas?
Although a Last Will and Testament is usually the foundation of a comprehensive estate plan, most plans include a variety of documents in addition to a Will. One of the more common additions to a thorough estate plan is a trust. A question that frequently comes up –typically from a beneficiary – is “Can you contest a trust?” The simple answer is that yes, a trust in Houston Texas can be contested. A trust is a legal entity that requires four elements for creation --- a trustor, a trustee, a … [Read more...] about Can Someone Contest a Trust in Houston Texas?
Texas History – Do You Know What Newspaper Publisher Had the First Telephones Installed in Texas?
Alfred Horatio Belo moved to the Houston area at the end of the Civil War. There he met newswriter Willard Richardson, who published the Galveston Daily News and the Texas Almanac. Belo’s intelligence led Richardson to ask him to become a partner in his publishing business. Belo incorporated the newly-invented telephone by successfully linking his home to the Galveston Daily News. The newspaper was recognized for taking advantage of the latest printing technology available at the time. After … [Read more...] about Texas History – Do You Know What Newspaper Publisher Had the First Telephones Installed in Texas?
