Not all property goes through a Texas probate after one passes away. Jointly owned property or accounts can be set up in such a way as to pass to a beneficiary while avoiding the probate process altogether. Having the assistance of qualified attorneys can assist in two ways. First, disputes over property can be avoided by having an attorney assist with the setting up of joint accounts or ownership. Second, having an attorney can assist beneficiaries of such accounts in the event that a dispute does arise. If you are a Texas resident and wish to avoid probate disputes regarding joint accounts or property then contact our lawyers today.
Dallas attorneys assisting residents in avoiding probate disputes through the creation and use of joint accounts, gifts, & exempt assets
Texas allows property to be passed without the probate process if certain circumstances are met. If people own property as co-tenants with rights of survivorship or payable on death (sometimes referred to as transfer on death) then the property will automatically pass to the remaining co-owner upon the decedent’s demise. While certain paperwork must be presented to the Court, showing that such an ownership arrangement existed, getting such property exempted from probate can be fairly straightforward. Having an attorney assist you with the process of properly setting up joint accounts, making gifts, and the joint ownership of property can save your loved one’s a great deal of grief later on.
Another reason to retain an attorney for setting up joint ownership arrangements is to avoid unintended consequences. Too often Texas residents will set up a joint account or joint property ownership 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 in order to avoid disputes. At your initial consultation we will learn about your situation and will identify the best possible way for you to set up joint accounts to ensure that property passes to those for whom you wish. We will also ensure that your affairs are set up in a way so that property will not pass to those who are assisting in care but should not receive ongoing ownership. 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
Our lawyers also assist loved ones with establishing their joint ownership of property after one 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 attorneys will stay in regular contact with you throughout the process and take pride in their collaborative approach. 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.