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3 Ways to Avoid Probate in Texas

You can avoid probate and all its burdens if you properly plan for the future.  What’s probate pain?  Time – 6 months to over a year; Money – thousands of dollars; Privacy – it’s all public record.  Here are three ways to avoid the pain of probate:

  1. A Trust. The trust continues from when you created it until you or the trustee ends it.  Everything the trust owns does not need to be probated.  With the right plan and action, you can ensure the probate process is a breeze.
  2. A Transfer on Death Deed. Texas now offers transfer on death deeds, which allows us to re-deed your real estate to allow beneficiary designations.  You will not need to probate your any real estate with a valid transfer on death deed.
  3. Beneficiary Designations. Life insurance policies are one of the most common ways to pass an inheritance to a beneficiary.  However, you can also designate a beneficiary for automobiles in Texas.

Call us today to schedule a consultation.

We have been counseling people for over 30 years through complex financial and legal plans.  Furthermore, we have a board-certified Tax and Estate Planning & Administration attorney to ensure your plan is right for you.  A failure to properly plan can lead to extensive legal costs.

 

* Steven A. Grenier is certified by the Louisiana Board of Legal Specialization as a specialist in Tax Law and Estate Planning and Administration.

The Grenier Law Firm believes that education is an important part of top-quality legal services.  The excerpts and posts on this site are for educational purposes only.  We want to keep educational materials available here for you. However, you must understand that providing these excerpts and posts should not be construed as legal advice or creating an attorney-client relationship between you as the reader and our authors.  Because these excerpts and posts are intended as informational, you should always seek out the appropriate legal advice before acting or not acting based on what you read here.

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