Part of drafting a last will and testament is naming an executor, or a person appointed to carry out the terms of the will. Oftentimes, the author of the will chooses to name a family member or close friend as the executor, leaving his or her estate plans in the…
Planning ahead and creating a will is important; however, unexpected events can often occur, causing people to reevaluate their will, as well as their Houston estate plan. One such instance is when a will’s executor passes away before the will’s creator, called a testator. This raises the question of who…
When someone is crafting their will or creating a Houston estate plan, there are many critical decisions they must make. One of the most vital choices is who to serve as the estate’s executor. An executor of an estate is a person appointed to administer the estate of a deceased…
We’re not talking about what happens to your soul, or if you are headed to a peaceful place, or even what happens to your physical remains. Have you thought about what happens to the world you leave, your family and friends and your possessions, after you die? Let’s say you…
When Fritz Detmer passed away, he left his son, Tols Detmer, an estate worth several hundred thousand dollars. The terms of the will were that Tols was not to get his inheritance until he turned 18. Now, Tols is 19 and he is suing his own mother, Charlinette Detmer, for…
An aging woman posed a question to The New York Times “Ask Real Estate” columnist regarding her rented apartment. The woman asked if her daughter would be responsible for the older woman’s signed lease, if she passed away while still a tenant in the apartment. Her question appeared in a…
Baby Boomers have long dictated trends and styles. Today’s Boomers continue to establish trends as they begin their down-sizing moves. Estate sales are a growing niche as older adults scale back their lifestyles. Estate sales have become big business as aging Americans decide that they’d rather let someone else handle…
Estate plans can outline everything from the disposition of family heirlooms to the distribution of vast land and property holdings. Recently, the $500 million art collection of the estate of shopping center magnate A. Alfred Taubman was in the news. Taubman’s collection is thought to be one of the most…