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Experience may outweigh education when choosing successors

Running a business can have many ups and downs. Even when the going gets rough, you undoubtedly want to do your best to ensure that your company succeeds. You may feel that your direct input helps your company thrive, but you may also realize that you cannot run all areas of the business yourself. Additionally, you certainly also know that a time will likely come when you can no longer run the company.

3 issues that could delay probate proceedings

After the death of a loved one, his or her estate will likely need to go through the Texas probate process. The legal proceedings associated with this process work to validate the will your family member created as well as allow you to carry out the instructions left in that document. Though probate can have many benefits, you may worry about the time and effort it takes to complete.

Discussing your estate plan with your heirs

Have you discussed your final wishes with your family? Are you sure? A recent study revealed that, while many parents remember having talked to their children about their estate plan and end-of-life preferences, more than half of the children surveyed say that conversation never happened.

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