Letter of Testamentary

March 26, 2018 1:27 PM Tyler Edmondson

Letter of Testamentary

A letter of testamentary is essentially a document that is issued by the court or public official authorizing the executor of the Will to obtain control of the deceased’s estate. So what does this mean exactly? It means that it’s legal proof that the person who is going to be the executor to have control of the estate. The executor is responsible for a variety of things. For example, it’s the executor’s job to inventory the estate, pay off outstanding debts, and distribute the estate accordingly to the Will. When dealing with banks or other financial institutions, estranged family members, or anyone else he doesn’t know, this letter is the proof that you will need to get business done accordingly. By having a letter of testamentary, the whole process of dealing with an estate after a loved one has died can be much simpler.

Have the Letter Drawn Up Before It’s Too Late

The letter of testamentary is just as important as the Will itself. The problem, however, is that many people procrastinate on getting these documents drawn up. This, of course, is very problematic as before you know it, it’s too late. If your loved one never gets the Will or letter of testamentary drawn up and then passes, you being the executor are going to have a much tougher time trying to handle the affairs of the estate. It is for this reason that you need to have all estate planning documents completed as soon as possible. This includes the Will, the letter of testamentary, the muniment of title, or anything else. It’s something that you don’t want to think about because all of this means the inevitable passing of your loved one. But you’ll want to do yourself a favor and go and get these documents drawn up before it’s too late.

Estate Planning Attorney in Wylie, Texas

In order to get these documents drawn up, you need a competent law team that knows the ins and outs of estate planning in Texas. This way you know that the documents you have drawn up will be right and true and legally binding. If you need to take the uncomfortable step of having documents drawn up for estate planning, contact Edmondson Law, PLLC today. Our expert team of lawyers will help you all along the way through this complicated process.

Information, Not Legal Advice. We provide the information on this website as a public service. The legal landscape is constantly changing and being modified by state law and case law. As a result, we cannot promise that this information is always up-to-date and reflective of the most current jurisprudence.

We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.

What Is a Probate of the Estate?

March 19, 2018 12:29 PM Tyler Edmondson

What Is a Probate of the Estate?

Essentially a probate estate is all of the assets that a person owns at the time of his or her death that is subject to probate administration. Probate administration is essentially the process of proving to the court that a final Will and Testament is actually legitimate or genuine. And as such, several types of assets comprise a probate estate. A few examples are all assets held in the descendant’s name. All assets the descendent owned as a tenant in common with other persons, all assets payable to the estate because the estate is the designated beneficiary or the asset has no designated beneficiary. Also, amounts owed to the descendent before the death but was paid in full after death and household items such as jewelry or other precious items.

Complicated Process

All of this may seem very complicated. The reality is that it can be complicated and long. If you have been chosen to be the executor of an estate then you have to go through the legal process of making sure that the estate is handled in the manner that the descendent wanted. So by having probate of the estate you are proving that the person’s final wishes are truly their final wishes. Then you can go about dissolving the estate accordingly. This is definitely a task that is complicated and perhaps not best tackle in the loan. This is especially true if you have no legal background. In order to make this as painless as possible, you should really seek legal assistance. By having a competent team of lawyers help you with the probate process, you will have a much easier time probating the estate.

Estate Planning Attorney in Murphy, Texas

If you have recently been named the executor of an estate and need to go through the probate process, then you really shouldn’t take it on alone. Team up with a set of lawyers that know the Texas estate law in and out. Edmondson Law, PLLC specializes in estate planning and will be able to help you probate the estate in an efficient and timely manner so that you are able to continue with your life. So if you are faced with probating an estate then don’t delay and give our Edmondson office a call today at 972-442-8326 or visit our website for more information www.wylietxlaw.com.

In Over Your Head With Your 501(c)(3)?

March 12, 2018 3:17 PM Tyler Edmondson

In Over Your Head With Your 501(c)(3)?

So let’s say you’re in a hobby that has created a broader organization to manage this hobby within a region. You’ve seen this hobby language over the years, and you want to do everything in your ability to help re-energize the hobby in your area. The Board of Directors of this organization has been very lackluster here lately. They have not put on events like they should and haven’t done enough to help expand the hobby further. So you decide that you are going to try to make a difference. You’re going to join the Board of Directors and bring some new blood into the organization. Once again, however, you find out that you are actually in over your head. Your organization is a nonprofit, and as such has a 501 (C) (3) nonprofit status.

After you take the reins, it’s possible to become overwhelmed. You are by no means a tax expert. You are a hobbyist that wants to make a difference in your hobby. You know nothing about the legal documents in the process needed to maintain nonprofit status with the IRS. Now you are looking at the survival of your organization by trying to navigate this tax system that you have no experience in. Some organizers don’t have the expertise necessary to make sure that their organization is able to maintain its nonprofit status.

Business Law Attorney in Sachse, Texas

This is genuinely a gut-wrenching feeling. You had the best intentions going into this, and now you don’t have any idea what’s going to happen to this organization you care so much about. You don’t know how to check if the organization owes back taxes, you don’t know how to ensure that the organization will go to maintain its nonprofit status, and you don’t understand corporate law enough to make sure that all the books and everything is recorded correctly. These are real problems that you should be concerned about. What you need is help and not help from another hobbyist but a professional. If you need help with your nonprofit organization to ensure that you are staying compliant with the IRS, then you should take on the advice of a competent business law firm such as Edmondson Law PLLC. So if you are in over your head as part of the Board of Directors of your nonprofit then don’t wait till it’s too late and reach out to Edmondson today. We can be your lifeline.

Skirting Responsibility

March 5, 2018 3:56 PM Tyler Edmondson

Skirting Responsibility

Were you in a relationship and then after a period of time and you had become pregnant? Now that you are pregnant, the father is trying to skirt his responsibility by denying that he is the legitimate father of your child. You should not feel ashamed, situations like this occur all too often. You know that he is the father and that he is only trying to get out of taking financial responsibility for his actions. This is grossly unfair to you, and you cannot let him get by with this. If he’s the father, then he needs to be there for the child, preferably both by being there and taking on his responsibility for finances. But first, you must prove that he is indeed the father to the court.

This is where the task might seem daunting. The court system can be very intimidating. In order to have the father take on his part of the financial responsibility, you must prove to the court that he is indeed the father. By simply going in on your own, you are greatly diminishing your chances of success. In the court, it a matter of your word against his and less efficient evidence with the sound the legal argument can be presented. You do not have the training necessary to navigate this legal system efficiently. It’s for this reason that you need an excellent law team on your side to help you fight for the future of you and your child. With a law team on your side, you will be able to present to the court the man in question is indeed the father and should be held financially responsible for the child that he has fathered.

Wylie Family Law Attorney

If you are in the Wylie, Sachse, or Murphy area and have found yourself in this precarious situation and are need of an excellent law team that specializes in family law, then look no further than Edmondson Law PLLC. Edmondson Law is comprised of an excellent team of lawyers that specialize in various fields including family law. The Edmondson Law team will examine your case and advise you on what the best course of action could be. So, if you’re in need of a lawyer to help you navigate the court system, please do not delay and give our office a call today.