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Do I Have To Probate If There Was A Will?
I have addressed in another blog several steps that can be taken as part of the estate planning process that help avoid the need for probate. If those steps were not taken, a full probate still may not be needed.
Read MoreDo I Need A Trust? - When You Should & Shouldn't Set Up A Living Trust
I am frequently asked by prospective estate planning clients, "Do I need a trust?" The answer is the classic one: It depends. They are not a one-size-fits-all solution. Whether setting up a living trust is a good idea for you should be discussed with an estate planning attorney who has full knowledge of your assets, family circumstances, and desires.
Read MoreWhat Is The Cost Of Probate Or Administration Of An Estate In Texas?
One of the first questions the family of a loved one that has passed will ask is, 'What will it cost to settle the estate in Texas?'
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.
Read MoreHow Much Does It Cost To Set Up A Trust?
A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.
Read More6 Compelling Reasons to Have a Living Trust
There are at least six really good reasons for you to have a living trust in your estate planning package.
Read MoreThe Cost Of A Full Dependent Administration In Texas
In this series of blogs, I have outlined various different types of probates and probate alternatives to help you settle an estate and understand the potential costs. A dependent administration is significantly more expensive than any other type of probate. Wise estate planning could avoid this high cost.
Read MoreWhat Happens If You Don’t Probate A Will In Texas?
Probate can be costly and complicated. Unfortunately, not probating a Will could cause your family more stress in the long run. If your loved one has passed away and left a Will behind, you may find yourself in a situation where this is the case.
Read MoreThe Cost Of Probate As An Independent Administration In Texas
An independent administration is the form of probate available when a will contains the proper legal provisions authorizing the independent administration of the estate. This means you can avoid extensive court supervision of the handling of the estate once the will has been admitted to probate.
Read MoreWhat Happens If You Die and Own Out-Of-State Property?
Probate or administration is the legal procedure for settling and transferring a persons estate, including assets and debts. If a person owns property in a different state from that in which he or she lied at death, an ancillary probate or administration in the other state might be necessary. If there was a will, generally, a probate will be proper, and if there was no will, an administration, which is more costly and involved, may be necessary. For ease of reference, I will use the term probate to cover either procedure.
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