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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 […]
Category: Probate and Estate/Trust Administration
If you have been doing research about preparing your estate plan, you have probably read that much of the estate planning process involves keeping your assets out of probate. While by no means a universal rule, avoiding probate tends to make it easier, faster and less expensive for a person’s […]
If you have been appointed as a personal representative – either in someone’s will or by a court during the probate process – it is important to make sure that you have a thorough understanding of your legal obligations. Personal representatives have a number of responsibilities, and they owe a […]
For many people, putting together an estate plan is something that remains perpetually on their “to do” list. They know it’s a good idea, and they want to prioritize it, but somehow life always gets in the way. If preparing a will was on your list of New Year’s resolutions […]
What is probate? It is the legal process of proving the validity of a Will. It is also commonly understood to refer to the legal process in which the estate of a decedent is administered. When an estate goes through probate, Texas provides various versions of probate, from very simple […]