12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Probate Lawyer in Collegeport, TX

Do I Need a Probate Lawyer in Collegeport, TX


When the time comes to die, make sure that all you have to do is die!
 
- Jim Elliot


Probate is the process that occurs after an individual passes away. It involves distributing assets and taking care of any debts. This process happens regardless of whether or not there is a Last Will and Testament.

A probate lawyer is an estate or a trust lawyer that can help manage the filing of the last testament or will of a deceased individual. Probate attorneys can also help create a Last Will and Testament and can assist with trust planning (including Living Trusts) as well as powers of attorney and medical powers of attorney. They can assist the executor of the will with preparing and filing of all documents required by a probate court.

Some people do estate planning on their own and others get legal advice from a probate or trust lawyer. As the executor winds up an estate, they may want legal advice from an experienced lawyer who is familiar with both state law and how the local probate court works. However, not all executors feel the need to hire a probate lawyer. If the estate doesn't contain any unusual assets and isn't too large, the executor may be able to complete the task without a lawyer's help.

Several factors may help an executor decide if they need the help of a probate lawyer. Was there any probate-avoidance estate planning? Assets can be transferred to their new owners without probate court if they are held in joint tenancy, survivorship community property or transferred to a Living Trust. Probate is also unnecessary for assets for which the deceased person named a beneficiary—for example, retirement accounts or life insurance policy proceeds.

Things get more complicated when an estate includes a business, commercial real estate, or any other asset that requires special handling. You may want to consult experts if you need to manage, appraise, or sell a business.

If there's enough money to pay off debts (taxes, medical expenses, funeral costs, credit card bills, mortgages, car loans, etc.), with some left over for beneficiaries, you won't have to figure out which debts to pay. If your initial investigation reveals that there may not be enough money in the estate to pay debts and taxes, don't pay any bills before you get legal advice. State law gives some creditors priority over others.

Today, more than 99.7% of all estates don't owe federal estate tax. There's also a very small chance that the estate will owe estate taxes to the state. You may need expert legal and tax advice if the estate is large and must file an estate tax return, either with the IRS or the state taxing authority.

Many states offer small estate procedures such as summary probate and an entirely out-of-court process that requires presenting a sworn affidavit to the person or institution holding the asset.

Are family members talking about suing over the estate? Probate lawsuits tear families apart and can drain a lot of money from the estate in the process. A lawyer may be able to help the executor avoid a court battle or to deal with it if it is unavoidable.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free TX Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free TX Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Collegeport, TX
Hooton Thomas L
8344 E R L Thornton Fwy # 300
Dallas, TX 75228
(214) 328-9957
Attorneys, Legal Service Plans
Walton James E
240 E Renfro St
Burleson, TX 76028
(817) 447-9955
General Practice Attorneys, Attorneys, Legal Service Plans
Tillery
8344 E R L Thornton Fwy # 304
Dallas, TX 75228
(214) 324-9888
General Practice Attorneys, Attorneys, Legal Service Plans
Fred Henneke Law Office
513 Earl Garrett St
Kerrville, TX 78028
(830) 257-9788
Attorneys, Family Law Attorneys, Divorce Attorneys, Business Law Attorneys, Real Estate Attorneys, E
Chaplain Services Inc
1595 Bandera Rd
San Antonio, TX 78228
(210) 435-9711
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Carl Knickerbocker, PC
1903 Jm Page Ln
Georgetown, TX 78628
(512) 763-9282
Personal Injury Law Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  General Practice
Phillips Jerry
327 Earl Garrett St Ste 102
Kerrville, TX 78028
(830) 257-9271
DUI & DWI Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Drug Charges Attor
Roxana K. Orrell, PLLC
339 W. Water Street, Suite 4
Kerrville, TX 78028
(830) 285-9087
General Practice Attorneys, Social Security & Disability Law Attorneys, Attorneys, Business Law Atto
Clack Steven L
241 Earl Garrett St
Kerrville, TX 78028
(830) 792-8888
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Davis Stewart T
236 Junction Hwy
Kerrville, TX 78028
(830) 257-8851
General Practice Attorneys, Attorneys
U. Offoboche Okechi Law Firm
2331 Gus Thomasson Rd., Suite 128-A
Dallas, TX 75228
(214) 515-8028
Immigration Law Attorneys,  Consumer Law Attorneys,  Personal Injury Law Attorneys,  General Practic
King Pamela Rae
327 Earl Garrett St # 110
Kerrville, TX 78028
(830) 896-7877
General Practice Attorneys, Attorneys
Craig Wolcott, P -
222 Sidney Baker St S
Kerrville, TX 78028
(830) 315-7770
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Attorneys
Richard Mosty
222 Sidney Baker St S # 400
Kerrville, TX 78028
(830) 792-7711
Civil Litigation & Trial Law Attorneys, Attorneys, General Practice Attorneys
Brad McCullouch
717 Sidney Baker
Kerrville, TX 78028
(830) 257-7575
Attorneys
Dolce Joan D
222 Sidney Baker St S # 211
Kerrville, TX 78028
(830) 257-7311
Probate Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys
Stevens & Stevens PC
702 E Main St
Gatesville, TX 76528
(254) 865-7278
Attorneys, General Practice Attorneys
Reyes Reyes & Langston P
8035 E R L Thornton Fwy # 514
Dallas, TX 75228
(214) 319-6800
Attorneys,  Social Security & Disability Law Attorneys,  Legal Service Plans,  Administrative & Gove
Firebrand Training Ctr Inc
1206 Jackson Rd
Kerrville, TX 78028
(830) 896-6545
Attorneys Referral & Information Service
Lira Law Firm, PLLC
8344 E. R.L.Thornton Frwy #100
Dallas, TX 75228
(214) 390-6294
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Alpha Civil Process
212 Shadowoak Dr
Burleson, TX 76028
(817) 915-6190
Attorneys, Paralegals, Process Servers, Notaries Public, Legal Document Assistance
David L Ricker
114 W Glenview Dr
San Antonio, TX 78228
(210) 737-6097
Attorneys, Title Companies
Patterson James W
327 Earl Garrett St # 106
Kerrville, TX 78028
(830) 792-5858
Attorneys, Criminal Law Attorneys, Legal Service Plans, General Practice Attorneys
Ellison Richard L
500 Main St Ste J
Kerrville, TX 78028
(830) 792-5601
DUI & DWI Attorneys,  Attorneys,  Civil Litigation & Trial Law Attorneys,  Personal Injury Law Attor
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US