PROBATE AND WILLS LAWYER IN HOUSTON
Why a Houston Probate Attorney At Arguello Law Firm Is Right For You
Probate administration warrants specialized legal knowledge and needs to be treated with the utmost care and sympathy. At Arguello Law Firm, our attorneys understand that clients come see us when they are in the face of hard times in their lives. Many of our clients are dealing with the recent death or even the disability of a loved one, and need a Houston probate lawyer who will attend to their needs with care and understanding. If you need assistance with the probate of an estate, contact Arguello Law Firm for immediate help.
Probating is the legal process of transferring property following a person’s death. An individual may receive the letters of testamentary or letters of administration that are needed in order to recover estate assets. Transferring the title of the property is also a wise idea.
Probating customs and laws have changed in the last few decades, but the purpose of probating has remained primarily the same: an individual formalizes their intentions as to the transfer of their property at the time of their death (often via a will), their property is collected, debts are paid from the estate and the property is distributed accordingly.
How the Arguello Law Firm’s Houston Wills Lawyers Can Help You
A testator is a person who leaves a will in force upon his or her death. A will is a legal instrument which states how the testator’s property is to be distributed at death. A valid will avoids many of the problems that may arise from dying without a will and allows a person to leave property to the persons he or she desires. In addition to naming the recipients of the testator’s property, the will also designates the individual(s) who will manage the property and care for minor children. In larger estates, the will often contains provisions that minimize estate taxes.
A will can also set up a trust, a method by which property is held by one party (the trustee) for the benefit of another (the beneficiary). To establish a trust, the testator transfers property, with the specific intent to create a trust, to the trustee who manages and administers the property for the benefit of named beneficiaries. A testamentary trust arises under a will and becomes effective when the testator dies.
A trust is an effective way of overseeing property for the benefit of minor or debilitated individual(s) who are incapable of managing their own financial matters. A trust also is useful to prevent a wasteful or irresponsible child from immediately spending his or her inheritance by preserving the funds for the child’s education or other important needs.
When you need a Texas Estate Planning Lawyer
Arguello Law Firm takes pride in our sincere desire to understand your needs and those of your family, and to provide workable solutions. Whether those solutions involve a simple will preparation or strong support in court, you can allay your worries knowing that we will provide the highest quality legal service of any probate lawyers in Texas. Regardless of the complexity of your case, we offer a level of personal attention that is unrivaled.
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