Texas Lawyers Handling Joint Account & Property Issues During The Probate Process
Not all property becomes subject to the Texas probate process after one passes away. Assets such as jointly owned real estate, bank accounts, or insurance policies for which a beneficiary has been designated will transfer without becoming a part of the deceased’s probate estate. If the assets are titled incorrectly or beneficiary designations are out of date, however, the property may be required to go through probate before being distributed to your love ones. The process can be time consuming and prevent your heirs from accessing much needed funds or property until the Court resolves the matter. Reviewing your property with an attorney during your estate planning process will help ensure that assets are titled correctly so that probate can be avoided when possible. Doing so can also help prevent disputes over property between beneficiaries. If you are a Texas resident and wish to avoid probate disputes regarding joint accounts or property, then contact our Dallas lawyers today.
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Another reason to retain counsel for setting up joint ownership arrangements is to avoid unintended consequences. Too often Texas residents will set up a joint account or the joint ownership of property in an effort to make matters easier for caregivers. One, for example, may place a caregiver on their bank account so the caregiver can write checks. Unfortunately, if this process is not completed correctly then the person added to one’s property may wind up becoming the owner upon death with the last will and testament not controlling how such assets are distributed. Gaining legal advice on how to handle such matters can assist with preventing such unintended consequences.
Our Dallas attorneys regularly assist Texas residents in the creation of joint accounts and property interests. We do so to help ensure that your assets are distributed to your heirs in accordance with your wishes. At your initial consultation we will identify all joint accounts and other property in order to determine what options best meet your objectives. We will review titles to real estate and other property as well as beneficiary designations on life insurance policies and investment accounts. This will help to ensure that property passes to those for whom you wish it to. We will also ensure that your affairs are set up in a way to avoid taking actions that may invalidate other choices you have made regarding the distribution of your estate. Protect your assets from probate by calling our lawyers today for assistance with setting up joint accounts and ownership arrangements.
Dallas lawyers assisting Texas residents with establishing their joint ownership after a loved one passes
Unfortunately, there are times when a person has not planned for jointly owned assets before they pass away. This can often lead to disputes over ownership between potential beneficiaries. Our attorneys also assist loved ones with establishing their joint ownership of property after a person passes away. If a dispute arises over ownership, we will file the necessary documents with the Court to ensure that process goes smoothly. Our Dallas lawyers will stay in regular contact with you throughout the process and take pride in providing the highest levels of customer service. Contact us today to schedule an initial consultation. Our offices also service Plano, Frisco, McKinney, Denton, Fort Worth, Garland, Irving, Austin, Houston, San Antonio, Nacogdoches, Lufkin, and Center.