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In February, we discussed one of the first steps in preparing for probate: Understanding Your Loved One’s Will. In that article, we discussed the various roles that a person’s will plays in probate, from (potentially) designating the method of probate to accounting for funeral expenses and distributing some or all of […]
Category: Probate and Estate/Trust Administration
If your loved one left behind a will, administering his or her estate will involve carrying out the terms of the will through the probate process. Whether you have been named as personal representative, are a named beneficiary in the will or believe that you are entitled to a share […]
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 […]
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 […]