If you die in Texas, your estate will be distributed according to the Texas Estate Code. How your property will be distributed depends on two main factors – first, the type of property it is and, second whether you had a valid will.
According to the code property is either a probate asset or non-probate asset. Non-probate assets are those that are controlled by the terms of the property arrangement itself. For example – land held in joint tenancy with survivorship rights and contractual arrangements which specify the at death ownership such as life insurance and pay on death account at banks, savings and loan associations, and other financial institutions. How the remaining property is distributed depends on whether the decedent (person who has died) died with or without a valid Will. Dying without a valid Will is to die “intestate”.
Probate property of a married intestate will be categorized as either community property, real property, and personal property. Generally speaking, Community property is property that was acquired during the marriage while real personal property is property that was acquired prior to the marriage. Of course, there are exceptions to both of these general definitions.
As you can see dying without a valid will in Texas can lead to the distribution of your estate contrary to your wishes; litigation may arise between your loved ones concerning the distribution of your estate; or laws may be modified without your knowledge that may impact how your estate is distributed. You can see why it is imperative for you to have a valid will so your wishes concerning the distribution of your estate can be honored. Even if we are not the ones to help you navigate estate planning, please make sure that your wishes are carried out.
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