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Estate Administration & Probate Archives

To be or not to be a retirement fund: The Supreme Court rules p3

We are talking about retirement funds and how the Bankruptcy Code treats them. The U.S. Supreme Court recently decided one issue that federal appellate courts had disagreed on. The decision is about inherited retirement funds, and it could change the way Texans approach their estate plans.

To be or not to be a retirement fund: The Supreme Court rules p2

We are talking about a recent U.S. Supreme Court decision regarding retirement funds and bankruptcy. The case is not from Texas, but any court in Texas will have to follow the decision. The decision is important to us because it could have an impact on estate planning and how we all handle our retirement funds.

Rules are rules, and insurance companies are all about rules p2

Our discussion is about a decision from a federal appeals court that highlights some important facts about life insurance. As we said in our last post, the case is not out of Texas, but the principles the court based the decision on are commonly applied in insurance disputes.

Estate planning may also include planned giving

The way that individuals approach the topic of inheritances may be different among generational groups, according to a recent article. Specifically, the approach to estate planning may be different among baby boomers, same-sex and younger couples. Such groups may have smaller families or even no children. For them, creating a legacy through planned gifts might be one of their primary estate planning considerations.

Joseph Yule dies, leaves $18k estate and lessons re: elder abuse p2

Mickey Rooney was still married when he died in early April. He had been separated from his wife for some time, though, and she admitted to the press that she had not seen him for a year. The Hollywood Reporter said that the separation was the result of an agreement the couple signed after he accused her of physical abuse. (Rooney also had a restraining order against her son and daughter-in-law, whom the actor had sued for financial abuse.)

Reverse mortgages can mean reversal of fortune for heirs, p. 3

We are wrapping up our discussion of the long arm of a reverse mortgage. A reverse mortgage is a loan against the equity in your house. To qualify, the homeowner must be 62 or older and must meet a few other conditions. The loan does not come due until the borrower dies or moves. We have been talking about how lenders are enforcing the loan terms when the borrower dies.

Reverse mortgages can mean reversal of fortune for heirs, p. 2

Discussing reverse mortgages reminds us somehow of Jessica Rabbit, the impossibly sultry wife of the title character in "Who Framed Roger Rabbit?." At one point in the movie, she tells a detective, "I'm not bad. I'm just drawn that way."

Reverse mortgages can mean reversal of fortune for heirs

Alex Trebek is one of the many celebrities to appear in television ads for mortgage lenders. Trebek is not talking about just any mortgage, and he is not talking to just any homeowner. He is talking about a reverse mortgage, and his audience is any person age 62 or older who is feeling a little cash poor.

Months after his death, actor's daughter lives in legal limbo

Paul Walker and the mother of his now 15-year-old daughter were never married. Various news outlets reported that Walker was a devoted father, but only came to that recently. His daughter grew up with her mother, far away from the actor, though news outlets suggested they shared custody. A couple of years ago, though, she left her mother's care and moved in with her father.

Dementia complicates both estate planning and administration

Regular readers of this blog know that it's never too early to start making plans for how your assets and property will be divided after you're gone. But death isn't the only event that could prevent you from making the right choices about your estate

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