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The Cost Of Probate As An Independent Administration In Texas
An independent administration is the form of probate available when a will contains the proper legal provisions authorizing the independent administration of the estate. This means you can avoid extensive court supervision of the handling of the estate once the will has been admitted to probate.
Read MoreWhat Happens If You Die and Own Out-Of-State Property?
Probate or administration is the legal procedure for settling and transferring a persons estate, including assets and debts. If a person owns property in a different state from that in which he or she lied at death, an ancillary probate or administration in the other state might be necessary. If there was a will, generally, a probate will be proper, and if there was no will, an administration, which is more costly and involved, may be necessary. For ease of reference, I will use the term probate to cover either procedure.
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 MoreShould I Incorporate?
Three key factors that go into making the decision of whether to incorporate or not are; Liability Protection For Personal Assets, Income Tax Pros & Cons, Business Management Pros & Cons.
Read MoreIs There More Than One Type Of Probate? [Probate Q&A Video Series]
Is there more than one type of probate? In Texas, there are two broad types of probate.
Read MoreHow Long Does The Probate Process Take? [Probate Q&A Video Series]
How long does the probate process take? Well, it depends on a number of factors.
Read MoreHow Soon Must A Will Be Probated After A Death? [Probate Q&A Video Series]
How soon must a will be probated after death? In Texas, generally a will must be filed within four years after the date of the death, but we encourage you to do it sooner rather than later.
Read MoreWhat Is Estate Planning And Why Do I Need It?
This may sound surprising but almost everyone needs estate planning done in their lifetime. Whether you are a young couple with children, an older individual nearing retirement or a same-sex couple, having an estate plan in place can protect your assets and legacy.
Read MoreTop 10 Reasons You Need A Will
Here's the top 10 reasons you need a will.
Read MoreThe Top 5 Reasons People Don't Have A Will
Preparing a will is a smart, compassionate, financially-wise, and easy thing to do. So, stop making excuses, and do it! Anyone who has been through settling an estate for a loved one who failed to make a will can attest to how much they would have preferred the alternative.
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