One challenge some people in Texas may face when they are creating an estate plan is what to do about heirs who may spend the money irresponsibly. This could be because of substance abuse, financial carelessness or other issues. You may still want to provide for these...
Rio Grande Valley Probate & Estate Administration Law Blog
Estate pitfalls to avoid when getting remarried in Texas
With an uptick in "gray divorce," the number of people getting remarried during their senior years is higher than ever. But if you are considering getting remarried after creating your initial estate plan in Texas, there are a few things that you should know to make...
Why business owners always need an estate plan
Most people think that estate plans are only for those with significant wealth. However, plenty of other people can benefit from wills and trusts. This is particularly true for business owners who have personal assets aside from company-related assets. General...
Effective steps for disinheriting a child
If you have spent your life building your wealth, you may have very definite ideas about what you want to do with it at the end of your life. You may have certain charities you wish to fund, and you may be considering the most appropriate ways to make bequests to your...
You don’t have to accept an inheritance
It's always nice to know that someone was thinking about you as they prepared an estate plan. Knowing that someone cared enough for you to leave you an inheritance may make you smile. The problem is you aren't sure whether you want what the person left you.It's not...
A general overview of the probate process
Though no one wants to have to jump right into complicated legal proceedings right after losing a loved one, probate is a process that is often necessary to settle a recently deceased individual's final affairs. You may understand the importance of the process, and...
Myth: Estate Planning is Only for the Wealthy
When people think of an "Estate" they might think of a mansion like the one above or a portfolio of assets worth millions of dollars. They believe that estate planning is not necessary unless you have a large estate with lots of assets. This is a dangerous belief...
FAQ about inheriting property
If you have recently lost a relative or a close friend, you know that there's a lot that has to be taken care of in the weeks immediately following their death. From taking care of immediate expenses to coordinating the funeral arrangements, you have a lot on your...
5 Things to know about settling an estate
After a loved one passes away, you could be faced with a serious job. The person who is appointed as the executor of the estate will need to satisfy several responsibilities, such as settling debts, distributing assets and more in order to settle the estate.If...
Gifting to Preserve Family Harmony
We have previously discussed why leaving your estate to your children in equal shares isn't always fair. In fact, it could destroy the value of the assets you leave and ruin family relationships. So what solutions do you have to be fair and preserve family...
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Law Offices of Aurelio Leo Lara
4124 N 23rd St #1
McAllen, TX 78504
Phone: 956-928-3837
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