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Probate and Estate Administration |
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1) What happens when a will is probated? Answer: When a valid will is presented to the Probate Court, the court posts a notice for at least 10 days, giving creditors a chance to come forward. A notice must also be published in the county where the deceased resided. After 10 days, a hearing is held in probate court to open the estate. the named executor (male) or executrix (female) is sworn in (promise to abide by the law while distributing the assets of the estate), and letters testamentary are issued. An inventory of the estate must be filed within 90 days after the estate is opened. After all the estate property is distributed, a filing is made with the court closing the estate. 2) What are letters testamentary and when do I need them? Answer: Letters Testamentary are court issued documents which allow the executor to take possession of assets which are in the name of the decedent so they may be distributed to the heirs. Letters Testamentary, for example, will be needed to obtain bank accounts and stock brokerage accounts if the decedent's account was solely in the decedent's name. 3) The estate is not very big, do I still need to go through Probate? Answer: Possibly not. There are several ways to avoid probate. If the estate, excluding the homestead, is less than $50,000, a small estate affidavit may be appropriate. Additionally, title in cars, homes, motorcycles may be transferred by a mechanism called muniment of title. 4) How are things different if I die without a Will? Answer: The court will likely appoint an ad litem, independent attorney or other trusted court person to determine who are the rightful heirs. The court may also order a dependent administration, adding time and expense to disbursing the assets of the deceased. The administrator, the person who is equivalent to an executor when there is no will, may be under direct control of the Court. 5) How long do I have to probate a will after someone dies? Answer: The will must be probated with 4 years of the death, or the court may declare that the will is invalid. |
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Printz & Associates, P.C. 3519 West Vickery Blvd. Suite 205 Fort Worth, TX 76107 |
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Phone: 817-569-6700 Fax: 817-377-4454 Email: JDP@JDPRINTZ.COM |
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The data contained herein is for informational purposes only and not to be relied on as legal advise. An attorney/client relationship is not formed until the client retains the attorney and the attorney accepts the case. |
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