This is the case initiated by a brother and a sister about the estate of their father. The son was hoping whether the court reforms their father’s estate according to the Texas Estates Code Section 255.451(a)(3). The section basically lets the courts modify a bill to rectify the “scrivener’s error” in the clauses of the […]
Odom v. Coleman – What to Learn About Residuary Clauses? Read More »
The importance of handing over the power of attorney has risen, especially in the recent times of the pandemic. Specifically, senior citizens are struggling with managing their health and resources. This is where the power of attorney steps in. In the time when the nursing home facilities need quick and durable responses to the crisis,
Power of Attorney Made Simple – the “Short Form” of Power of Attorney Read More »
Bill Gates got divorced, and the news has got people talking about the process of divorce and how the various aspects of life vary with it. One thing is for sure; people got to reshape their plans for the future as they navigate through the new journey of their life. Did you know that divorce
Divorce and Estate Planning – Here is All You Need to Know! Read More »
Your estate planning advisor needs to know the crucial details about your case to formulate the best possible estate plan. Also, you ought to be straight away honest with your advisor. If you’re not honest with your estate planning advisor, you will have to face some serious complications or can even make the advisor start
How Much Should You Disclose to Your Estate Planning Advisor? Read More »
Future estate plans are expected to be inspired greatly by electronic wills. More and more people are lately getting interested in electronic wills, especially after the passing of the Uniform Electronic Wills Act by the Uniform Law Commission. So, if you are also interested in electronic wills and wonder whether it is a good idea
3 Things You Need to Know About Electronic Wills Read More »
If estate planning is still on your ‘to-do’ list, now is the time to get it done. With the spike in coronavirus cases, the importance of estate planning has risen. Even though the vaccines have made their way into many countries, it is still a long way to go until everyone gets vaccinated. In such
3 Crucial Estate Planning Reminders during the Pandemic Read More »
Death and Taxes are the two unpleasant things to hear about yet the guaranteed things in life. No matter how distressing the terms are, we got to manage at least the financial implications that come with them. If you ask for one helpful solution to the problem, I would say: trusts. But then again, revocable
Revocable or Irrevocable Trust – Which One is Best for You? Read More »
This unique case emerged in November 2020 in Texas court, which truly had a ripple effect on how the trusts are interpreted. Here is What Happened! So, what happened was that a mother established a trust in which she authorized a trustee to distribute her assets between her son and the son’s spouse. The twist
Ochse v. Ochse – Who is the “Spouse” in the Trust? Read More »
Estate planning is a complex topic to have a conversation on, especially with the parents. People usually think of estate planning as the process of designating one’s assets after the person passes away and settling his/her debts. This, however, is not true. Estate planning deals with other issues as well, such as the conditions of
3 Tips on Discussing Estate Planning with Your Parents Read More »
A will plays a crucial role in estate planning and administration. People usually don’t take it seriously, but that doesn’t affect its importance in any way. Many individuals even in Pennsylvania consider making handwritten wills. The main reason can be a sudden illness or the inability to afford an attorney. Whatever is the situation, if
“Holographic” or Handwritten Wills in Pennsylvania – 2 Critical Considerations Read More »