After a loved one has passed away, the last thing a family needs to deal with is a complicated and costly legal process. Probate and estate administration can be very time-consuming. The Texas probate attorneys of the Peterson Law Group can provide you the guidance you need through the complicated probate process.
What is Probate?
Probate is the court-supervised process of distributing assets of a deceased person to beneficiaries. It may include probating a will, if a valid will exists, or it may be probate of an intestate estate (without a will).
In Texas, probate must take place in the county or city of the decedent's last legal residence.
When is Probate Required?
Probate is not always required to handle a decedent's property. There are certain properties that do not need to be probated, including the following:
– Assets titled joint with right of survivorship with one or more other individuals
– Assets with payable-on-death or beneficiary designations
– Assets titled to the decedent's living trust
In other words, only property that is owned solely in the name of the decedent with no designated beneficiaries is subject to probate. A Bryan, Texas probate attorney will look at the various properties owned by the decedent to determine what needs to be probated in a court of law.
Setting up a living trust may be one effective way to avoid the probate process. But it must still follow certain Texas laws. You should contact a probate lawyer in Texas who can inform you of your rights.
Protect your rights and interests during probate by contacting a Texas probate attorney at the Peterson Law Group at (979) 703-7014.