Understanding Probate in TX
Guidance from The Law Offices of Estrada & Estrada
In most states, probate has a reputation of being time-consuming and ridden
with court-supervised actions. Fortunately, Texas is quite the opposite.
Residents have the opportunity to employ something called the independent
administration of estates which involves minimal court involvement.
Because the court isn’t as involved during the Texas probate process,
personal legal representation can be highly beneficial. When you retain
a Rockwall probate lawyer, you have an outlet for your concerns and an
experienced advisor throughout the process.
What are the options for handling probate?
Probate doesn’t apply to all of your deceased loved one’s assets,
so it is helpful to know what you
won’t be dealing with should probate become necessary. The following assets are
excluded from probate:
- Community property with right of survivorship
- Property held as joint tenancy with right of survivorship
- Life insurance proceeds
- Payable on-death bank accounts
- Survivor’s benefits from an annuity
As mentioned above, independent administration is the simplest option for
the estate executor. It is simpler, faster, and less costly than choosing
dependent administration. Under independent administration, the executor
does not normally have to post a bond and is not required to receive court
permission before officially settling the estate.
Alternatively, in a dependent administration, which occurs when there is
no will or no Independent Executor named in the will, the Administrator
of the Estate is subjected to much more supervision by the court, and
the majority of transactions require court approval.
For guidance and assistance throughout the probate process, the Law Offices
of Estrada & Estrada is here for you. With three decades of combined
experience, we are qualified to help you make knowledgeable decisions
you feel comfortable with. The probate process can become infinitely simpler
with our team on your side.
Call our probate lawyers for dedicated counsel in Rockwall, Texas today!