The American Taxpayer Relief Act of 2012 sets the estate tax rate at 40 percent for individual estates valued at over $5 million, indexed for inflation. Additionally, can…
NB: This post is part of a series highlighting wills that contain some interesting, and sometimes bizarre, bequests and stipulations. You can see all these posts here.
Section 256.205 of the Texas Estates Code provides that “After a will has been admitted to probate, any interested person may commence a suit to contest the…
The thing that worries most parents about dying is typically not what will happen to their stuff. It’s who will take care of their kids. And the…
Texas recognizes two types of written wills: An attested will is the most common type of Last Will and Testament. To be valid, it must be in…
Per stirpes and per capita are commonly used terms in wills, trusts, and intestate distribution statutes to describe how a deceased person’s estate is to be distributed…
The short answer to the question is no. Before 1995, Texas collected a separate inheritance tax, called a “pick-up tax.” The tax did not increase the total…
A few years ago, I read an article that reminded me of the extraordinary lengths parents will go to protect and provide for their children. It was…