Don’t Pass On Without an Estate Plan – We Can Help You Create One
Although some estates might be larger than others, everybody has an estate. A person’s estate might consist of real property, personal property, or both. What happens to that property when you die is important, especially if you want it to pass to one or more specific people. According to the probate attorney in Lubbock, TX at the law firm of Kyra K. Blankenship Attorney, that’s the purpose of having will or a revocable living trust.
If You Die Without an Estate Plan
If you die without a will or a revocable living trust, Texas already has an estate plan laid out for you. It’s commonly called the law of intestate succession, and it’s found in the Texas Probate Code, Title 2 Subtitle E Chapter 201.
If a person dies without a spouse, the statute goes into great detail about who distributes the decedent’s estate, and who shares in it. What can come up as an issue is that a probate court judge could appoint a special administrator to distribute your estate who you have never met before. What can also come up as an issue is the fact that a judge may rule that a child or grandchild will share in your estate when in fact; you had no intention of leaving that individual anything.
A will or a revocable living trust can give you control over who distributes your estate, and who shares in it. These instruments can be changed anytime in the future. Contact our probate attorney in Lubbock, TX to learn more about Kyra K. Blankenship Attorney what can be done to plan how your estate passes in the future.