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The Average Cost Of A Determination Of Heirship Proceeding In Texas
In some situations where a loved one passes away without a Will, you may need a determination of heirship in order to pass on their estate. 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.
Read MoreShould I Incorporate My Business?
A corporation is a separate legal entity from its owners. A corporation can be owned by one person or many people. The corporation is formed under the laws of the state in which it is operating, with Articles of Incorporation or Certificate of Formation.
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 MoreWhat Happens If You Don’t Probate A Will In Texas?
Probate can be costly and complicated. Unfortunately, not probating a Will could cause your family more stress in the long run. If your loved one has passed away and left a Will behind, you may find yourself in a situation where this is the case.
Read More4 Signs You're Working With The Wrong Attorney
When researching potential attorneys for your case, always do your homework. Choosing an unqualified or dishonest attorney could not only result in a negative outcome for your legal situation, but it could also cost you more money in the long run.
Read MoreThe Difference Between Statutory Transfer On Death Deed & Lady Bird Deed
Two terms are used in the state of Texas to describe a deed that automatically transfers title to real estate you own on your death a transfer on death deed and a Lady Bird Deed (LBD). The distinction between these two deeds is subtle, but very important.
Read MoreThe 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 More5 Times You Need An Attorney To Help You Buy Or Sell A Home
If you are in the market to purchase a home, you probably already know you should start shopping for a real estate agent and mortgage lender. But, do you also need a lawyer?
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.
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