Fort Worth Trusts and Wills Attorney explains the Texas Estate Code
The Texas Estate Code addresses the gamut of issues pertaining to trusts and wills and is highly useful to any practitioner of estate planning and administration. If you are in need of either estate planning advice or were recently named as personal representative, executor or trustee of a loved ones’ estate, we encourage you to contact a Fort Worth Trusts and Wills Attorney right away for further advice and guidance on Texas law. The Texas Estate Code can also help if you are a surviving loved one of an individual who passed away without a will.
Fort Worth Estate Lawyer Explains the Texas Estate Code and Final Administration
Being named executor of an estate is an important duty one should not take lightly. Even if your loved one left a relatively small and uncomplicated estate, there may still be issues in need of unraveling as the administration process takes its course. Under Texas law, there exists a creditor claims period wherein individuals and entities can make claims against the estate for payment of alleged debts. As executor, you are required to address these claims and either pay the debt or dispute the charge which could lead to litigation.
Texas Estate Code: Dying Without a Will
If your loved one has died without leaving a will, his or her assets and property will be distributed according to the Texas laws of intestacy. Intestacy is a legal term referring to the succession of beneficiaries eligible to receive a portion of an estate left behind without a pre-determined estate plan. Dying without a will can leave disastrous results, for example, in the scenario wherein the decedent was remarried at the time of death notwithstanding having children from a prior marriage or relationship. Under that scenario, the most recent spouse would inherit just one-third of any community property, despite the decedent’s possible intentions to leave his or her entire estate to the surviving spouse.
Contact a Reputable Fort Worth Estate Lawyer Today
For more information about how a Fort Worth Trusts and Wills Attorney can assist you in avoiding Texas intestacy, we encourage you to contact the Hurr Law Office, P.C. for more information at 817-210-0150.