If you have no spouse or children, you may wonder what will happen to your property if you die without a will in Texas. Will the state just take your money? What Does it Mean to Die Without Heirs? "Dying without heirs" is usually said when someone dies with no close relatives. But, under Texas law, even more distant relatives can inherit, if necessary. People often believe that if they die … [Read more...] about Are You Heirless?
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Some assets do not require probate court in order to pass to a living person. They can be passed directly to the beneficiary, with no probate order needed. Examples of non-probate assets Life insurance, retirement accounts, brokerage accounts. If you have these types of a accounts and have properly designated a beneficiary, that person should be able to get that money distributed directly … [Read more...] about Non-Probate Assets
Is it Worth it to File in Probate Court?
There are a lot of factors to consider in whether or not it is worth it to file a probate case. A cost analysis should be part of the decision. Who Can File Probate? In order to file a legal case, you have to have "standing". Simply put, legal standing means that you have a right to file the case, and it affects you in some way. For example, here is a general list: You are a … [Read more...] about Is it Worth it to File in Probate Court?
How to Plan for Your Small Business in Your Last Will & Testament
Abra esta publicación para ver el enlace en español. Small business owners often have their hands full on a daily basis and relaxation is in short supply. There is always a list of "to do's", one more thing to do, buy, read or set up. You know that your time is limited, so here is a short no-nonsense list on what to consider when planning for your business once you are gone. The three … [Read more...] about How to Plan for Your Small Business in Your Last Will & Testament