Texas Probate & Wills
Most estates must go through probate before estate property may be distributed, unless estate planning was done through a trust or a property was titled in beneficiaries’ names before the estate owner died.
Probate is a court-administered procedure that makes decisions regarding estates, which include:
-Determination of a valid will
-Identification of the decedent’s assets and property
-Opportunity for creditors of the estate to file claims
-Payment of creditors
-Payment of taxes
-Payment of estate administration fees -Distribution of the remaining assets to beneficiaries according to the will
-If no will, division and distribution of assets according to state laws
The property of an estate includes the total of all property and assets, including real estate, stocks, bonds, bank accounts, annuities and insurance policies, along with physical possessions such as furniture and cars.
Do you have questions about Texas Wills or Texas Probate? Contact our office for a consultation.
Nacol Law Firm P.C. – Dallas Probate Attorneys
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