Skilled Probate Assistance In Texas
Probate is the process of administering an estate after someone passes away in Texas. An estate plan or a will can provide guidance to beneficiaries and family members. It helps to define how assets should be passed down to the next generation. But probate is the legal process that the estate executor goes through to actually distribute these assets and handle the complexities of the estate.
This can be an emotional time and a complicated process, so it is wise to work with a skillful San Antonio probate lawyer. At Parra Law Firm, PLLC, we can help you navigate this process, look into the necessary legal steps, resolve any potential estate disputes, handle taxes and estate debts, and much more. Probate in Texas may sound stressful, but it goes smoothly when you have the right attorney on your side.
Common Steps Taken During Probate
Naturally, every situation is unique, so probate will be slightly different from family to family. But the following are common steps most estate executors will need to take:
- Reading the will and other estate planning documents
- Distributing those documents to beneficiaries and family members as needed
- Making an inventory of all assets within the estate
- Taking care of outstanding debts and tax obligations
- Accessing financial accounts to make transfers and close these accounts
- Distributing the correct assets to the beneficiary named in the plan
This helps to outline the steps, but remember that things can become complicated. Estate planning documents may be missing. Access to accounts may be limited. Family members may get into disputes regarding the validity of the will. The estate executor needs to know what steps to take when these issues – and more – arise.
Exceptions To Probate In Texas
The probate process is not required in all cases. Estates do not need to go through probate if they are 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.
There are also certain assets that are not subject to the probate process, since they pass to a beneficiary by contract or other direct transfer, such as:
- Life insurance proceeds
- Survivor’s benefits from an annuity
- Lady bird deeds
- Transfer on death deeds
- Trust assets
- Payable-on-death bank accounts
- Community property and property held as joint tenancy with right of survivorship
An attorney can help you determine what estate assets can bypass probate.
Call Today For Probate Representation
If probate feels overwhelming and confusing, remember that there is always help available. Contact Parra Law Firm, PLLC, today at 210-960-8766 or through our online contact portal to set up a consultation, ask questions and get the information you need moving forward. We are here for you every step of the way.