Principal Office: Plano, Texas


Other Estate Planning Devices

A properly worded and executed will qualifies the estate for an “independent administration.”  This is the standard probate procedure.  Filing fees and court costs are generally around $250 dollars.  If the estate has no debts, the will may also be probated as a Texas muniment of title.  This is a simplified process which transfers title to assets quickly and with less expense.

If a will has not been created and the estate is not over $50,000 then the probate judge may decide that the heirs need to be determined.  This happens with a Texas heirship proceeding.  Usually an attorney ad-litem is appointed by the judge to determine who the heirs are.  A Texas heirship proceeding  is generally more expensive than probating a will and can get quite costly if the estate is complex or there are minor children involved which would require a guardianship.

However, if there is not a will and the estate is under $50,000 then it is possible the estate may qualify for a small estate affidavit.  This is generally less expensive than an heirship proceeding, but can still be quite costly if there are minor children involved requiring a guardianship.

Regardless of the size of the estate, Gregory Wright will specifically tailor your estate plan to effectively execute your desires and preserve your wealth for you and your loved ones.

The information contained on this website is not intended to be legal advice and should not take the place of representation by an attorney.