Many clients are surprised to discover that the probate process is quite complex. Not only is it complicated but it is also lengthy and can be very expensive, depending on your specific circumstances.
What is probate?
Probate is the legal process that distributes the assets of a deceased person. Probate also handles the settlement of any liabilities the deceased individual may have had.
In Texas, this process can take a minimum of months, if not more. Several factors contribute to that, making it essential for any of the parties involved to know what to expect.
Factors that can extend the probate process
- All court appearances and proceedings
- The court’s validation of the will
- The inventory of the person’s assets and liabilities
- The resolution of the person’s debts
- Compliance with Texas law regarding notification
- The distribution of assets to heirs or beneficiaries
While this list might be short, each of these steps can take a significant amount of time. For this very reason, many attorneys advise their clients to create an estate plan and have an attorney who can guide them through the process so they might avoid probate.
Extended process
The Texas probate process can be an exhausting endeavor influenced by legal disputes, inventories, disagreements over the value of assets, resolving debts and many other tasks.
Understanding what to expect and which factors may affect the process you are entering can be helpful, so you manage your expectations and prepare the timeline accordingly.