Probate is the legal process by which a deceased person’s assets are distributed to their heirs or beneficiaries. Once the probate process is complete, the assets become the property of the beneficiaries, and they can do with them as they please, including selling them. In general, you can sell property after probate administration is started. […]
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Probate Nightmares
Probate is the legal process through which a deceased person’s assets are distributed to their heirs or beneficiaries. In Texas, probate can be a complex and time-consuming process, particularly if the deceased person did not have a comprehensive estate plan in place. In some cases, probate can turn into a nightmare for the deceased person’s […]
Three Keys To Protecting Yourself From A Rogue Executor
Unfortunately, sometimes a death in the family can bring out the worst in people. Indeed, family resentments sometimes simmer during a time of grieving – particularly when money and assets from the deceased’s estate are involved. If you are a beneficiary under a loved one’s estate plan, you may be under the assumption that those […]
3 Simple Ways to Avoid Probate Costs
The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate’s complexity, fees can run into tens of thousands of dollars. The good news: probate costs can be reduced by avoiding probate. It’s really that simple. Here are three simple ways […]
Wills, Trusts & Dying Intestate: How They Differ
Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen […]
4 Tips For Avoiding a Will or Trust Contest
A will or trust contest can derail your final wishes, rapidly deplete your estate, and tear your loved ones apart. But with proper planning, you can help your family avoid a potentially disastrous will or trust contest. If you are concerned about challenges to your estate plan, consider the following: By following these four tips, […]
What to Bring to Your First Meeting with the Estate Planning Attorney
If you are thinking about putting together an estate plan, it is important to consult with an attorney who is knowledgeable and experienced in this area of law. Your initial meeting with an estate planning attorney is a good opportunity to discuss your family’s financial situation as well as your concerns and goals. If you […]
The Harmonious Family that Won’t Fight? The Outcome May Surprise You
Most families are happy families. They get together for the holidays, share laughs, and tell stories. Everyone gets along and enjoys each other’s company. Then, the matriarch or patriarch dies. Suddenly, years of pent-up resentment and hurt feelings bubble to the surface, and the once-happy family is now embroiled in litigation over the decedent’s estate. […]