Probate Real Estate Attorneys in Houston, TX
Probate Real Estate Attorneys in Houston Securing Your Family’s Future
Probate involving real estate can be particularly challenging. The probate process can tie up real estate for months, sometimes years, when there’s no will in place, or a will is unclear. Factors such as the number of heirs, tax or debt issues, and contested details can add to the complexity, time, and cost, too.
If you need support in working through a current real estate probate situation or need guidance on the real estate probate process, contact us at (281) 771-0560 to speak with a member of our team today.
Can You Protect Your Property with a Will?
While a will is a helpful legal document in protecting your assets, as a standalone tool, it will not prevent your property or estate from going through the probate process.
The court must authenticate a will to distribute money, property, and personal belongings, including real estate. The length and cost of the probate process depend on the will or lack thereof, the complexity of the estate, and any family disputes or other complications that might make distribution challenging.
Probate with a will, especially when it’s clear and legally sound, can be easier and quicker. The court will determine if the will is valid and authentic, and if there is an executor, the person responsible for administering your will, paying the estate’s debts, and eventually distributing assets to your loved ones.
How Does the Real Estate Probate Process Work?
How real estate is handled in probate will depend on the clarity of your will, as all wills must go through the probate process first. This is why estate planning is key to preventing and avoiding probate, as you can use a trust to privately exchange your real estate property and assets without going through probate.
During the estate planning process, the decedent designates an executor. The estate executor, upon the decedent’s death or incapacitation, will execute the estate plan. The estate executor will distribute any investment properties to an heir or will sell the property or properties in an heir’s absence.
In the latter scenario, the executor will coordinate the sale of the home. Family members might get involved in the purging or selling of personal belongings to prep the home for sale, while the executor will engage a real estate agent to appraise the home, list, and market it, and facilitate the sales process through to close. All of these processes will be overseen by the probate court unless the property is held jointly, has a designated beneficiary, or is jointly owned.
A probate attorney with The Hatchett Law Firm can defend you in estate litigation and real estate disputes.
How Can You Avoid the Real Estate Probate Process?
The probate process can last anywhere from six months to one or two years. Sometimes longer. You can save your family time, extra heartache, and money by putting your assets, including your real estate investments and properties, into a trust.
A trust is a private exchange and platform in which a trustee can preserve, manage, and distribute assets according to the decedent’s wishes when a person is living and/or becomes incapacitated or upon death. It does not require the probate process.
Alternatively, owning a property with a surviving person in joint ownership will ensure your property is passed on to this person.
Our probate real estate lawyers can help you mitigate legal issues like this down the road by helping you put together an estate plan with a will, trust, and other pertinent legal documents that protect your assets and real estate investments and properties.
If you need support in working through a current real estate probate situation or need guidance on the real estate probate process, contact us at (281) 771-0560 to speak with a member of our team today.
What is a Small Estate Affidavit?
In Texas, a small estate affidavit provides a simplified way to transfer a deceased person’s assets without going through the lengthy process of probate. There are specific legal requirements that govern when you can use this cost-effective solution.
Eligibility for a small estate affidavit includes the following.
No Will
The decedent must have passed away without a will. If a valid will exists, you will not be able to use this process.
Estate Value
The total value of the decedent’s estate’s non-exempt property must not exceed $75,000.
Available Heirs
The heirs must be entitled to the property under Texas intestate laws.
No Formal Probate
Probate can not be pending or completed for the estate.
Affidavit Approval
The affidavit must be filed with the probate court and approved by a judge.
A small estate affidavit can significantly reduce the time spent settling a loved one’s estate and the costs associated with probate court. Contact The Hatchett Firm and speak with one of our estate planning attorneys to find out if the estate in question is eligible.
What Role Does a Probate Real Estate Lawyer Play?
Navigating real estate matters can be a complex, time-consuming affair. We want to help ensure the process goes smoothly, avoiding disputes and costly legal matters.
If you find yourself acting as the executor of a loved one’s will, we can help you with the complex list of duties you are responsible for. These include verifying ownership, clearing title issues, and ensuring the property is legally transferred according to their will or Texas intestate succession laws if a will doesn’t exist.
Part of closing an estate is notifying creditors of the decedent’s estate that the decedent has died and paying any debts the deceased person owed with assets in the estate. Creditors, as well as heirs, may contest ownership of the real property. Our estate planning attorneys can help mediate these disagreements and represent you if probate litigation is necessary.
We can also help with real estate transactions. We will oversee the appraisal of the property and negotiate with potential buyers to ensure compliance with Texas probate laws. If court approval is needed, we can help you obtain it. Let us streamline the process and take some of the weight off your shoulders.
What Can a Probate Real Estate Lawyer Help With?
Our probate attorneys can help you mitigate risk through effective asset planning strategies, and we’re also a reactive resource when unexpected situations like conflicts and disputes arise and demand probate and litigation.
A probate attorney who understands Texas probate law will be instrumental in helping you navigate the system and plan appropriately to protect your family’s future and security related to assets and real estate property.
We handle probate lawsuits with finesse and take great care in protecting beneficiaries and heirs of wills and trusts to ensure they receive the property and assets they’re promised.
Our Houston probate attorneys can help you with real estate planning as part of your estate planning documents, with suggested steps to prevent real estate and other estate issues. Contact us at (281) 771-0560 to speak with a member of our team at The Hatchett Law Firm to get your questions and concerns answered.
