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When Can You Do A Small Estate Affidavit Procedure In Texas?
Frequently, people whose loved one dies without a Will fail to take any action to transfer property because they dont think the estate is large enough to mess with. This leaves loose ends that must be dealt with years later, when finding the people necessary to legally make the transfer is much harder. To avoid this result, the State of Texas allows the heirs to legally transfer assets at very little expense through a procedure called a Small Estate Affidavit.
Read MoreWhat Do I Do If A Loved One Dies Without A Will?
When a loved one dies without a Will, you have two options: determination of heirship or Affidavit of Heirship. These are the steps involved in both proceedings, as well as best practices to follow.
Read MoreSlick Trick In Texas To Transfer Real Estate Without Probate
Texas law has recognized an estate planning trick that is extremely effective and low cost, called a deed with an enhanced retained life estate or “Lady Bird” deed. This tool can be used for all types of real estate interests.
Read MoreAdvance Planning Tools To Help Avoid Probate
Sometimes, even when a person has drawn up a Will, probate of the Will may not be necessary. Advance planning with probate-alternative documents can avoid the need for probate in many cases.
Read MoreShould I Agree To Carry The Note On The Sale Of Property?
Tops 4 considerations: 1. Do you own the property outright? 2. Is carrying the note a smart investment? 3. Is it wise to take on the risk if the buyer can’t qualify for conventional third-party financing? 4. Are you willing to do the necessary legal work to protect yourself if the buyer defaults?
Read MoreShould I Consult An Attorney Before Signing A Lease?
Entering into a legal contract to lease property can be overwhelming and confusing, and you may be uncertain what you are committing yourself to. Whether you are looking to sign a residential or commercial lease, having an attorney assist you can be helpful and will ease your concerns.
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 MoreDo I Need A Trust?
I frequently am asked by prospective estate planning clients, "Do I need a trust?" The answer is the classic one: It depends.
Read More3 Reasons You May Need A Guardianship
Guardianships are a complicated legal proceeding. Most people have no clue exactly how complicated and expensive they are. In some situations, however, a guardianship is required to manage the affairs of a loved one.
Read MoreThe Average Cost Of A Determination Of Heirship Proceeding In Texas
A small estate affidavit will not always work, however. In some situations, you may need a determination of heirship. If you find yourself in this situation, make sure you have an experienced attorney to guide you through the steps involved. Otherwise, it is easy to feel overwhelmed by the process.
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