Half Marathon, Blended Families & Texas Franchise [...]
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What do Abraham Lincoln, Howard Hughes, Martin Luther King, Jr., Kurt Cobain, Sonny Bono, and Marvin Gaye have in common? They all died without a valid Will. As many as 66% of Americans don’t have a Will, according to Consumer Reports. Do you have a Will? A small estate affidavit is only an option when there is no Will, and it would pass the property to the heirs of the deceased. If you have a Will and there are no Debts owed by the estate, other than those secured by an interest in real property (like a mortgage), consider probating the [...] If you have a young adult that is going off to college, you really need to send them off with a Medical Power of Attorney. When your children were little, you were their natural guardian. You could make all their decisions regarding medical care. The day that they turned 18 years old, all of that changed. [...] Texas is one of the states that recognize a holographic Will. A holographic Will is a hand-written will. In order to be valid, it must meet certain requirements. It must all be in the testator’s (person making the Will) handwriting, must show testamentary intent (show that they intended to make a Will), and be signed [...] Under Texas law, if you have ever been convicted of a felony or a crime involving moral turpitude (such as embezzling funds), you are automatically disqualified from serving as an Executor and received Letters Testamentary or Letters of Administration. There is no way around it. What if you had a child that did something really dumb [...] In Texas, you don’t automatically get the house just because your spouse dies. Your spouse can leave their share to whomever they wish in their Will, otherwise the laws of intestacy say who gets their share. You might wind up owning your home with your in-laws… Kid you not! If you would like to see what [...] |
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6606 FM 1488, Suite 148-363, Magnolia, Texas 77354
Phone: 281-440-6416 or 936-271-2580
E-mail: bradiex3@bradie-law.com
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