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Posts tagged "distribution of assets"

The probate process in Texas

Most Texas residents only have to go through probate proceedings once or twice in their lifetime. As a result, the process tends to be mysterious and difficult to understand for the average person -- because most people do not have a lot of experience with it. Even if a Texas estate is a relatively simple one, and regardless one's experience with such proceedings, the probate process can quickly become overwhelming.

Are you obligated to pay debts owed by deceased relatives?

When a family member dies and it is time to administer his or her estate, most people think about the distribution of assets. However, it is also necessary to pay debts owed by the decedent. Most debts are paid out of the estate prior to distribution of the remaining assets during a Texas probate.

The distribution of assets of MLK Jr.

Estate planning provides people with peace of mind. If something was to happen to you, would you have the proper documents in place to make sure your wishes are followed? The distribution of assets can be dictated through a will, which many people tend to overlook. Sometimes people, who aren't of old age, think they don't need to worry about what will happen to their belongings.