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How Long Does The Probate Process Take? [Probate Q&A Video Series]
A widely-held belief about probate is that it is long and expensive. That is often not the case. How long it will take and how much it will cost depend on a number of factors. In most cases, it is not a lengthy or horribly expensive process.
Read MoreCaution: Be Sure You Have Designated Primary & Successor Beneficiaries
Have you selected successor beneficiaries on your life insurance, retirement accounts, investments, and bank accounts? Now is a good time to double-check. Choosing a successor (or secondary) beneficiary allows you to take steps to ensure your assets are distributed according to your wishes, whatever the future may hold.
Read MoreHow To Find The Right Estate Planning Attorney In Texas
The right estate planning attorney will have the skills to handle your legal needs and a personality that puts you at ease. By taking the time to evaluate their experience, communication style, and approach to your case, you can choose a partner who will help you draw up an estate plan that perfectly fits your needs and wishes.
Read MoreEstate Planning Is Not Just For Old People: The Benefits Of Early Estate Planning
It's all too common for parents to put off estate planning to protect the settlement of their estates for the loved ones left behind because they don't believe they are old enough to think about it yet. Unfortunately, this is not always the case. Estate planning is even more necessary for young parents, as it allows them to choose a guardian for their children and set the terms for when their estate will be divided, should the unthinkable happen.
Read MoreWhat Do I Do If A Loved One Dies Without A Will?
When a loved one dies without a Will in Texas, you have three options: 1) if statutory requirements are met, a Small Estate Affidavit probate, 2) a formal court Determination of Heirship and estate administration, or 3) an informal Affidavit of Heirship document. These are the steps involved in these proceedings, as well as best practices to follow.
Read MoreIt's Not Too Late For A 'Postnup' Agreement
Even if you are married, it’s not too late to outline how your property will be classified, how your joint finances will be handled, and how you will support children from prior marriages. Find out how to set up a postnup agreement for your estate planning.
Read MoreDo You Have a Blended Family? Estate Planning is Critical for You
Estate planning is especially important for people with blended families in the state of Texas. Without a Will, probate issues can be complicated and the result may not be what the deceased person might have wanted. If you have a blended family, here's how to provide for your estate to pass as you desire.
Read MoreDon’t Procrastinate On Estate Planning: The Pitfalls Of Waiting Too Long
Death is something none of us want to think about. But if you put off your estate planning, you won't be prepared for life's changes, face worst-case scenarios like needing guardianship, and could force your family to pay for an expensive probate process. It's always better to draw up your estate planning documents sooner than later.
Read MoreAdvance Care Planning Tools To Help Avoid Probate
Sometimes, even when a person has drawn up a Will, probate of the Will may not be necessary. Advance care planning with probate-alternative documents can avoid the need for probate in many cases.
Read MoreWhat Is The Simplest Probate In Texas When There Is No Will?
If your loved one died without a Will, transferring his or her assets to beneficiaries can be quite difficult. If no action is taken, assets will not be properly transferred and the beneficiaries will have to take some legal action down the road to straighten out the situation. In some cases, a costly determination of heirship proceeding and dependent administration of the estate may be required.
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