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Being the executor of a person's estate is a big job that comes with great responsibility -- making sure the will is carried out according to its terms. Depending on the assets, debts and number of heirs, the probate process can take a long time and become very complicated. For those in Texas tasked with closing an estate, however, there are few ways to help keep the process on track.
Estate planning around the family business
Many Houston business owners dream that their children will take over the family company when they retire or pass away. For some this dream can become a reality if a child is interested in the same line or work or the same industry, but for many it is more complicated than that. In families with one child who is not interested in the business, or with more children with mixed levels of interest, planning is important to make sure that the business is passed down appropriately.
Fiscal cliff deal extends estate tax exemption
There are a lot of details of the "fiscal cliff" budget deal that may be confusing to Texas readers, but many aspects of the bill will have a direct impact, particularly for those interested in long term financial planning.
Veterans continue to face long wait times for benefits
Veterans in Texas and around the country are continuing to deal with extremely long delays in the Veteran's Administration process for evaluating benefits applications. At the end of the year, it was taking 262 days to process a claim on average, but many have waited even longer, some upwards of a year.
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