Probate
In Texas, estate executors generally have four years from the decedent’s date of death to file a will for probate. In many cases, full probate is required if the estate’s value is greater than $75,000. Whether or not the decedent has a will.
We can refer you to reputable probate attorneys and cover the cost when we buy your properties.
Here is a probate process in Texas
1. File the will and apply for probate:
The will must be filed with the probate court in their county of residence prior to death.
2. The Hearing:
A probate judge will confirm that the individual applying to be executor is fit to serve and the will is valid.
3. Inventory and list of claims:
The executor must inventory and appraise the estate within 90 days of the hearing. Executor must settle the estate.
4. Resolve Disputes:
Estate cannot be settled until all disputes are settled.
5. Distribution of the estate:
Remaining assets are distributed to beneficiaries after all the debts and disputes are resolved.
We find that many people are concerned about the probate process due to:
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Upfront probate attorney fees
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Timing being slow
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Complicated legal systems
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Title challenges with the property
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Messed up title
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Heir disputes
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Fraudulent deeds
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Sticky lien issues
Wills do not bypass probate and still have to be examined and admitted into the court before distribution.
By working with reputable probate attorneys, all these problems can be resolved. They can explain and guide you thru the entire process. We work with excellent probate attorneys, and we will cover your probate attorney costs when we buy your properties.