Estate Planning & Probate

Why is estate planning necessary?

An estate plan is much more than simply preparing for your death. Without a comprehensive will, the unnecessary burden of probating your estate will be placed on your loved ones and the legal consultation will be expensive and time consuming.

 

Everyone has an estate, whether they are considered wealthy or not. Your estate consists of everything you own – your home, personal property, vehicles, bank accounts, retirement accounts, etc. To ensure your wishes are carried out the way you want, you need to provide a set of written instructions. This is Estate Planning in a nutshell.

 

Here are some of the issues a proper Estate Plan will address:

  • Instructions on how to distribute your assets after your death
  • Instructions for your care if you become disabled before death
  • Provisions for loved ones who may be irresponsible with finances or who may need protection from creditors
  • Naming proper beneficiaries for life insurance and retirement accounts
  • Naming proper beneficiaries for life insurance and retirement accounts
  • Naming a guardian and financial manager for minor children
  • Provisions for family members with special needs

 

Tessmer Law Firm, PLLC will go over the variety of legal options available to you, and create a plan that can be as simple as a basic Will, or more complex to include Medical Directives and Powers of Attorney.

How does probate work in Texas?

Probate is a court proceeding that supervises the distribution of a decedent’s assets to heirs, beneficiaries and creditors.

 

In the State of Texas, probating an estate involves submitting applications and documents to the appropriate Probate Court, attending hearings, publishing notices to creditors and beneficiaries and taking inventories and appraisements. In the case that your loved one did not have a Will, state law dictates how the Estate will be divided; however you may still need to file applications to determine heirship.

 

The Attorneys at Tessmer Law Firm, PLLC have the education and experience it takes to navigate the probate process. Working with our Attorneys can help you make certain that everything is handled in a proper way and that your loved one’s final wishes are carried out appropriately.