When someone dies without a will, Texas law determines what happens to the assets in their estate. The probate process must be conducted in order to distribute estate assets to the heirs or heirs-at-law as required by Texas law are [...]
Administrator: When the decedent has passed on without leaving a valid will and no executor has been named, Texas law requires that an administrator be named to carry out the duties of an executor. The court will often appoint one of the [...]
Time and money. Probate is a court process with all of its various proceedings, such as court hearings, gathering or inventorying estate asset and paying off debts, which takes months or even years. You can take appropriate steps to avoid [...]
Step 1: Filing the Application Step 2: Posting of the Application Step 3: Validation of the Will Step 4: Cataloging Assets Step 5: Identify Beneficiaries Step 6: Notifying Creditors Step 7: Resolving Disputes Step 8: Distributing Assets Interested in what [...]
The probate process is the entire system for administering an estate after someone passes away. This includes everything from tax responsibilities and debts to possessions, so it's important that you have a say in how your money or assets will [...]
The federal estate tax is complicated, but it’s important to know. The amount of assets that are subject to this taxes varies depending on your lifetime and the year you pass away in particular; for example if someone dies during [...]
Your executor is responsible for gathering your assets, making sure your debts and taxes are paid, and distributing the money to your beneficiaries.