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They are referred to as non-probate assets. Instead of being distributed through a will, non-probate assets are automatically transferred to the In addition, retirement money is a non-probate asset. Life estate and inter vivos trust also are considered non-probate assets.   #nonprobate #Probate #ProbateCourt

A small business is a part of your identity, not to mention your livelihood. Business planning lawyers look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small business meets the goals you have for it, whether you are at the helm or not. · Make sure that your wishes are followed · Ease transition for the company · Protect the business from being dismantled · Save considerable money When you think of your estate, you would probably include your home, your personal assets, and your bank accounts. But your small business is also considered as part of your estate, even though you likely don’t want it to be treated the same way as the other property already mentioned. There are a lot of decisions to be made, and a Houston business planning lawyer is the perfect person to consult. There are several things you will want to consider, and your attorney can help you draw up documents that are legal and binding according to state laws. For example: · Do you want the business to keep running after you pass away? · If so, who should be in charge? · What happens to your shares in a business? · Do partners need to buy your family out of the business or does ownership transfer to one of these parties? You will also want to have your lawyer explain the various tax implications that come along with your different options. It’s not unusual for a small business to implode after an owner’s death, not because there was no one to take over, but because the estate taxes just take so much that there’s not enough left to continue operations. Advanced planning for your business can help avoid this type of huge tax burden. Specific sections of the tax codes have been designed to assist with the transition of businesses by limiting the taxes on heirs’ stock or to pay estate taxes over the course of 15 years. These two seemingly small things can make the difference between keeping the doors open or shutting down. To get the most out of the tax codes that have been put into effect for folks like you, there is nothing quite as helpful as meeting with a qualified business planning lawyer in the Houston area. To get started, simply call our office at (281) 218-0880 to schedule a complimentary estate planning strategy session.

Especially when it comes to probate in Harris County. But, does everything you own have to go through this probate process—which is public, easy to contest Property can become non-probate property depending on whose name is listed as the owner. Property will be considered non-probate property if: There is a joint owner with right of survivorship #Probate #ProbateCourt

Cost of Probate Texas probate lawyers find that one of the biggest issues involving an out-of-state probate Typically, you will need to pay probate court fees for each property held under a different probate court Some of the techniques Harris County probate lawyers use to get around an out of state probate include If you are need help with an out-of-state probate or would like to plan to avoid out-of-state probate #Probate

Probate creates a public record of the will. It’s the process after death whereby a will is presented to the probate court to be recognized as valid NJ 101.5’s recent article, “What probate means for your estate,” explains that the probate court will , but the probate papers typically can be filed during that time. Reference : NJ 101.5 (May 27, 2016) “What probate means for your estate” #Intestacy #Executor #ProbateCourt

on your joint account so they will receive all funds upon each owner’s passing without going through probate Determine whether or not state probate laws apply and take precedence over previously set beneficiary Consider non-probated accounts where if no beneficiary is listed, remaining monies could potentially In this case, an executor or administrator must be appointed by a probate court to access the funds and #JointTenancy #Probate #willsandtrusts

#AssetProtection #EstatePlanningLawyer #ProbateAttorney #ProbateCourt #Inheritance #TaxPlanning

Steps to Probate a Will in Texas Probating a will in Texas involves several steps. The first step in the probate process is filing the will and an application for probate with the probate The Role of a Probate Attorney in Texas A probate attorney plays a crucial role in the probate process Hiring a probate lawyer in Texas is required in most all probate courts. Simplifying the Probate Journey with a Houston Probate Lawyer The probate process in Texas can seem daunting

What Documents Are Needed for Probate? Application to Probate Will – This application is filed to initiate the probate process and officially What is the Probate Process in Texas? How an Attorney Can Guide You Through Probate Having an experienced probate attorney assist you through Don’t Navigate Probate Court Alone – Your Legacy Legal Care Can Guide You Going through probate can be

One of the most common questions our Houston Probate Lawyers get from people who just inherited assets #Houstonprobatelawyers #Inheritance #Probate

Can Probate Be Avoided? How Long Does the Probate Process Take? will along with the original will filed with a probate court. How Does Probate Work? Probate Protects Though not always straightforward, once the probate process is completed and understood

In Texas, the probate and settlement process can be complicated. Having an experienced probate lawyer by your side is essential to understanding this complex process. Understanding the Probate and Settlement Process When the court is involved, the probate process in Texas Handling estate affairs can be expensive, so a probate lawyer will need to account for all benefits. What Can Delay the Probate Process?