PROBATE AND ESTATE ADMINISTRATION IN ROUND ROCK, TX AND THE SURROUNDING AREAS

When a Texas resident passes away without proper planning, his or her estate goes into a legal process called “probate”. Probate courts supervise the administration of the estate (the distribution of assets to heirs of the decedent), and the court appoints someone to serve as an executor or an administrator. The court will also notify the decedent’s family, heirs-at-law, and creditors. Once debts have been paid, the court will order the executor or administrator to distribute the decedent’s assets according to the Will, or according to the laws of intestacy if there is no Will. Dawson Law LLP® is well versed in probate matters and is experienced in handling a wide array of administration issues.

How long does the probate process take?

For “simple” estates, the probate process can usually be completed within one year and can be relatively inexpensive. However, for many estates, the process may take upwards of 2-3 years and can be costly, which is one of the reasons the Firm often recommends a living trust to be included in your estate plan. A properly drafted trust can avoid probate entirely, thereby significantly reducing the burdens placed on your loved ones.

How much does Probate cost?

Probate courts charge fees for filing, cost of bond (if required), publication, and property appraisals. It’s not uncommon for third-party fees to exceed $5,000. When you factor in the cost of executor fees and attorney’s fees, that cost may be significantly higher. To make it worse, if a corporate executor was appointed in your Will, such as the attorney who drafted your documents, your estate may be charged a 5% commission to compensate that attorney. Not all property is subject to probate, such as property that names a beneficiary like life insurance. For property that would be subject to probate, there are ways to avoid it altogether. One solution is to place your property into a well drafted living trust before your death, thus bypassing probate’s unnecessary fees and headaches entirely. Probate can be a complicated and expensive process, and it’s easy to make mistakes. Dawson Law LLP® assist clients throughout the state of Texas, including the Austin, Houston, and Round Rock, TX areas.

EXPERIENCED TEXAS PROBATE AND ESTATE ADMINISTRATION

If you’re needing assistance with probate and estate administration, please contact Dawson Law LLP® at (512) 649-5010 or by email at info@dawson.law to speak with a knowledgeable probate attorney.

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Wealthy individuals and business owners face special challenges when it comes to protecting and passing on their assets to heirs.

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Dawson Law LLP® is experienced with assisting families create an effective and
focused special needs estate plan.

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Probating can be complex, and Dawson Law LLP® can help guide you this process
to help ensure an efficient administration of the estate.

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