Let Our Carrollton Probate Attorneys Help
Probate usually happens after a person dies. The court, or a named executor,
files papers to prove the validity of the decedent’s will. It also involves:
- Identifying and inventorying property
- Appraising property
- Paying debts/taxes
- Distributing inheritance
This process can take anywhere from a few months to a year. It is also
long and costly, which is why many people decide to avoid it as much as
possible. If you want to save time for your loved ones after your death,
you can pursue some of the following options.
Set Up a Living Trust
A trust differs from a will in that all property you place in the trust
is not part of your probate estate. Upon your death, the assets in the
living trust, while taxed federally, can go to family and friends without
probate. Your appointed trustee will distribute the assets to your loved
ones according to your instructions, allowing them to receive it more
quickly and without legal fees draining their inheritance.
A lawyer can help you with the paperwork that allows your property to have
joint ownership. This prevents your assets from going into probate by
giving the joint owner control of the property.
Payable-on-Death Bank Accounts
Bank and retirement accounts can be changed to payable-on-death accounts
by filling out a form. On the form, you list a beneficiary who will receive
the funds after your death. The funds will not need to go through probate
if they are passed to your loved one through these means.
We Offer Preventative Solutions
Call out experienced
Carrollton probate attorneys today. We can discuss these and several others options that would allow
your loved ones to avoid having to go through probate. Our preventative
solutions will save your friends and family the hassle of dealing with
lengthy court proceedings. Contact us at (214) 643-8757 or
fill out our online form with your case details.