The Dove Firm PLLC

This is often a difficult question for someone preparing their will.  It may be helpful to understand what an executor does in order to make the best decision.  An executor, simply put, will be responsible for handling your affairs after you pass away.  Some typical duties include: Probating your will.  This includes hiring an attorney to handle the court filings and attending a hearing at the courthouse.  Gathering up your assets.  This usually just means finding out what you owned and changing the name of the owner from you to your estate. Paying your debts.  If you have outstanding balances on credit cards or other debts, they will most likely be dealing with debt collection agencies.  If you owed any taxes at the time of your death, the executor must also deal with the taxing agency. Closing your estate by distributing your assets to the beneficiaries you have named in yo...

Many folks are interested in forming revocable living trusts as a part of their estate plan, and many others are interested in selling revocable living trust kits.  Here’s what you should consider if you are wondering if this estate planning tool is right for you: Where do you live ?  One of the highlights of revocable living trusts is they are designed to avoid probate.  If you live in Texas, the probate process is relatively simple, allowing for an independent administration of assets which typically only requires one short court visit.  In states like this, forming and administering a revocable living trust would generally be more of a hassle (and often more costly) than the probate process itself.  If you live in a state that only has dependent administrations, a revocable living trust may be more beneficial to you. What types of assets do you have ?  Some assets can be titled in such a manner that...