Inheriting life insurance can provide financial security for loved ones in Texas, but it’s important to understand the legal requirements and processes involved. From designating a beneficiary to filing a claim and receiving the death benefit, there are certain rules and regulations to follow. Life insurance inheritance in Texas, including the death benefit, beneficiary rules, […]
Probate litigation cases in Texas can often be heated, emotional, and contentious affairs. In the heat of the moment, inappropriate comments can be made that unduly sway the jury, leading to unjust outcomes. In this context, it’s important to understand that inferences may be drawn based on evidence, but an inference itself is not evidence. […]
An affidavit of heirship can be a useful tool for heirs who want to avoid the time and expense of the probate process, as well as protect their rights and ensure a smooth transfer of property. It is usually only used when the estate consists of real estate–not bank or other financial accounts–and the decedent […]
Previously, college athletes could not share in the revenue generated by their universities, however, a landmark Supreme Court ruling in 2021 enabled them to earn advertising revenue based on their name, image, and likeness (“NIL”). This ruling has opened doors for student-athletes who, because of the change in NCAA rulings, can now make money off […]
The probate court gets it wrong sometimes. When it does, and it issues a final order, the parties usually have the right to appeal the order. There are times when one or more parties do not have notice of the probate court order and miss the deadline to file the appeal. This is where the […]
Creating a will is crucial to ensure that your assets are distributed according to your wishes after you pass away. In Texas, however, it’s not enough to simply draft a document and call it a will. A will must meet certain legal requirements to be considered valid. Failing to meet these requirements can result in […]
If you’re like most people, you probably don’t think too much about what would happen to your retirement account if you died. But it’s actually a pretty important question, especially if you live in Texas. Inheriting a retirement account can be a significant financial asset, but it also comes with several complexities and tax implications. […]
When someone dies with a will, it may not always be self-evident that the will has to be admitted to probate. This is often the case in estates where all of the assets pass to a surviving spouse. The surviving spouse may assume that they automatically succeed to title to all assets. And they may […]
A fiduciary is a person who holds a legal or ethical relationship of trust with another party. If a person is a fiduciary, they have what is called a fiduciary duty to that party. A fiduciary duty can exist in several special relationships or circumstances and the type of duty that exists between a fiduciary […]
One of the most challenging fact patterns when it comes to estate planning is the blended family, such as a couple who get divorced and there are children from later marriages. This gets particularly difficult to plan for when minor children are involved. The combination of step-children and minor children can result in some odd […]
Your initial consultation with KREIG LLC is free with no hassles and no obligations. So schedule now.
