Why Is Probate Needed in Texas?
After someone’s death, it’s important to make sure that their estate and owned assets are distributed in accordance with the instructions written in the person’s Will. The probate process ensures this by appointing an executor and listing all property items so they can be dispersed appropriately.
Exceptions to Probate in Texas
- Estates valued at less than $75,000, not including the value of the house, where the decedent died without a will and the judge approves by court order a Small Estate Affidavit.
- Assets that pass by contract or other direct transfer such as:
- Life insurance proceeds;
- Survivor’s benefits from an annuity;
- Ladybird Deeds;
- Transfer on Death Deeds;
- Trust assets;
- Payable-on-death bank accounts; and
- Community property and property held as joint tenancy with right of survivorship.
With the experienced guidance from the Parra Law Firm attorneys, Texas Probate is a quick and simple process that will allow you to gather assets, negotiate debts, or transfer wealth among your beneficiaries in a simple and efficient way. Contact us today to schedule a consultation.