Jails and prisons in Texas and across the United States are overflowing with inmates. In fact, there are currently around 830 prisoners for every 100,000 adults living in the country.
In the wake of the loss of a loved one, the last thing you want to do is focus on frivolous issues, such as finances. However, failing to stand up for your rights and assert yourself during estate administration is a major mistake that can haunt you for years to come.
When people in Texas think about criminal cases, the first that come to mind are often felony trials. However, misdemeanors account for around 80 percent of all the criminal cases that fill American courts, according to one author. Misdemeanors are typically low-level offenses that carry sentences that do not exceed one year of incarceration. While felony cases are often the most widely reported, misdemeanors comprise the vast majority of arrests, with 13 million new cases filed every year.
For the youngest baby boomers in Texas, 2019 will mark their 55th birthdays. This occasion may prompt many in that generation to think about how they will plan for the future, including their retirements as well as passing on assets. The baby-boom generation is the wealthiest in American history, with over $30 trillion in assets to spend or pass along in the coming several decades. Nevertheless, many don't have estate plans. Up to 42 percent of baby boomers have yet to create an estate plan or even a basic will.