Taxation & Estate Planning

In the Interest of Roy, the Waco Court of Appeals affirmed the removal of an independent executor. The court found the executor improperly failed to disclose the terms of a lease of estate property with a company he controlled. The conflict of interest alone was clearly a red flag, but the failure to disclose the details to the beneficiaries justified the removal.

The tragedy of the young actor’s death is likely to be compounded by fighting over his estate.

The inheritance process is naturally filled with mixed emotions. Even if there is no litigation, there is still the reality that the money passed because of the death of someone you (presumably) cared for and who cared enough to remember you in their will. And there is the responsibility of handling a potentially large sum of money.

The inheritance process is naturally filled with mixed emotions. Even if there is no litigation, there is still the reality that the money passed because of the death of someone you (presumably) cared for and who cared enough to remember you in their will. And there is the responsibility of handling a potentially large sum of money.

Magnify those emotions and responsibilities many fold if you are the young widow of a soldier killed in Iraq.