When attempting to determine if a guardianship is really needed, it is necessary to first determine exactly what must be accomplished and for what type of ward.
Under this special power, your attorney-in-fact could not perform other business transactions such as conducting stock or bond transactions, operating a business owned by you, engaging in insurance transactions on your part or any other activity not specifically related to the exact power that you offered.
Many of these fears and concerns are the result of a skillful attempt by sellers of estate planning products to market their services (usually for a dollar amount that exceeds the cost of probate many times over).
Wills
In addition to the specific questions answered below, your attention is directed to the tab called " PUBLISHED ARTICLES " which will provide in depth information of numerous subjects involving wills and probate in the state of Texas
Trusts
Living trusts, just as the name implies, begin during your lifetime and serve the purpose of having a trustee manage property that you designate.
Power of Attorney
There are powers of attorney for business or property decisions, and other powers of attorney specially intended for healthcare decisions.
Probate
The bottom line ends up, as usual, being that probate utilizing independent administration is a relatively simple and relatively inexpensive procedure, but you will need the services of an attorney experienced in probate law and procedures to guide you through the process.
Trusts can serve many uses and can be utilized for many special purposes, including tax planning wills, but even the simplest of wills and the most modest estates may contain trusts. See also- " Trusts " and " Trust Scams "