For many Texas blended families, the family home is often the most valuable asset in the estate. Unfortunately, it is also one of the assets that creates the most confusion under Texas law.
Texas is one of the few states that recognizes common law marriage. As a result, some couples may be legally married under Texas law even though they never had a wedding, never obtained a marriage license, and never intended to create the legal consequences of marriage.
Blended families often assume the property they bring into a marriage will remain theirs and pass according to their wishes. Unfortunately, Texas law is not always that simple.
A power of attorney can be a powerful planning tool. However, it comes with strict limits—especially when real estate and family members are involved.
Open family conversations about property plans can prevent probate delays, disputes and unnecessary legal costs.
In the spirit of giving, there are rules to keep in mind, especially if you’re considering gifting your loved ones real estate in the new year.
When you cross state lines, your estate plan may no longer work the way you intended, even if nothing in your personal life has changed.
Portability isn’t automatic; even nontaxable estates must file a tax return to elect it.
Assets, heirs and homes in multiple countries require a plan that respects more than one legal system.
Whether it’s because of work, school or a marriage, it isn’t uncommon for a parent to have children and other loved ones scattered across the United States.
