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Probate
What
is Probate?
Probate
is defined as a legal proceeding that is used to wind up a person's
legal and financial affairs after death. This process can take a
matter of months or even a number of years to be completed.
Where Does
Probate Occur?
Your
Will is probated in a Court of the Texas county in which you live
at the time of your death. If you own property in another state,
another probate proceeding may be filed in that state and county.
In Nueces County and the surrounding areas, probate proceedings
are conducted in the County Court at Law for the county where the
decedent lived.
What assets
are subject to probate administration?
Most
assets owned by you in your own name, not in trust or with a beneficiary
designation such as life insurance, are subject to probate.
How
is the Will probated?
The
following is a very simplified outline of the general probate process
for Independent Administration:
1.
The original Will is attached to a Petition and filed with the
Court, typically by the Executor named in the Will.
2.
A hearing is scheduled to prove up the Will and appoint the Executor(s).
The Executor is then sworn in. Executors (also known as Administrators)
are commonly referred to as Personal Representatives, so from
this point forward, we will refer to Will Executors and Administrators
simply as Personal Representatives.
3.
A Notice to Creditors is published in a newspaper of local circulation.
4.
For a fixed period from the date of publication, creditors of
the Estate may file claims against the Estate. This would include
any prior creditors or judgment holders, including debts resulting
from last illness, funeral expenses, taxing authorities, etc.
5.
During this time period, the Personal Representative must identify
and collect assets of the Estate. To do this, the Personal Representative
finds all bank and security accounts, debts owed to the Decedent,
property owned by the Decedent, etc. The Personal Representative
must maintain the assets in good condition, and collect income
for the Estate. Maintenance duties include but are not limited
to maintaining insurance coverage, collecting rent, protecting
assets from theft or damage, etc. The Personal Representative
may also liquidate assets such as cars, real estate, etc.
6.
Within 90 days following appointment of the Executor, the Executor
files a detailed accounting with the Court setting forth all assets
of the estate at the date of death.
The
minimum amount of time that the probate process can be completed
is approximately 60 days, but it typically takes longer. Reasons
for delays can include Will contests, failure to qualify for Independent
Administration and difficulty locating beneficiaries, etc. This
is among the reasons why it is important to have an experienced
probate attorney; it reduces the chances of complications during
the probate process.
1205
Airline Rd., Corpus Christi, Tx. 78468
Phone: 361.993.1313
Not
Certified by the Texas Board of Legal Specialization
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