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Intestacy
Without a will, Texas and North Carolina law dictate who inherits your assets. That formula doesn’t account for your relationships or wishes. Planning ahead lets you decide instead.
I explained last week that an heir is a person who will inherit your property by virtue of a state’s intestacy laws if you die without a Will. The Texas intestacy statutes are essentially a
- Rania Combs
I received a phone call this week from a woman I’ll call Ellen, whose grandfather had succumbed to pancreatic cancer. His own children were unwilling to care for him while he was ill, so Ellen
- Rania Combs
Most people may assume that if they are married and die without a Will in Texas, their surviving spouse will inherit their entire estate. This is not always the case. The way property is characterized
- Rania Combs
The law gives you the freedom to decide how and to whom your assets are distributed when you die by making a Will. If you die without a Will, your assets will be distributed to
- Rania Combs
I was contacted recently by a man I’ll call Jack, whose uncle had just passed away. Jack’s uncle was single, his parents had predeceased him, and he left only one surviving sibling, Jack’s mother. Jack
- Rania Combs
I received an email this week from a grieving and very frustrated man. He lost his wife this month after sixteen years of marriage. Both he and his wife had been married before, and each
- Rania Combs
Each state has a vested interest in the orderly transfer of property after someone dies. It’s so important, in fact, that if you don’t have a will, the state creates one for you. Each state
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When an unmarried sibling dies without a will in Texas, the distribution of his estate will depend on whether he has any surviving descendants or parents. If he is survived by descendants, the Texas Estates
- Rania Combs
While I was in Houston over the Holidays, I read an article in the Houston Chronicle that illustrates the unintended consequences of not having a will. It was about a man named Timothy Cole, whose
- Rania Combs
I read an article by Don McNay recently, which highlights the complexities, expense and unwanted results that can arise in cases of intestacy. McNay is a financial columnist and advisor and explains that he tells
- Rania Combs
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Topics
- Estate Planning121
- Wills59
- Probate and Estate Administration45
- Powers of Attorney45
- Intestacy34
- Gift and Estate Tax32
- Trusts26
- Newsworthy25
- Choosing a Guardian24
- Wacky Wills22
- Odds and Ends17
- The Risk of DIY Planning16
- Special Needs Trusts13
- Transfer on Death Deeds12
- Retirement and End of Life Planning12
- Incapacity11
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