October 31, 2016
Understanding Creditors’ Rights in Texas Probate

At a high level, administering a decedent’s estate in Texas involves a three-step process: (i) inventory and collect the decedent’s assets, (ii) pay the decedent’s creditor’s, and then (iii) distribute the remaining assets to the decedent’s beneficiaries (according to his or her estate plan) or heirs (in accordance with the law). You will notice in this chain of events that creditors are entitled to payment before any assets get distributed to the decedent’s loved ones.
Read MoreCategories: Probate and Estate/Trust Administration