Small Estates

Austin Small Estates Lawyers - It's ALWAYS Good to Plan

Just because you may consider your estate to be 'small' in nature, that does not mean that you shouldn't worry about taking the steps necessary to put a plan in place. Complications can arise with any estate, and if you'd like to make sure this is avoided, contact the Austin small estates lawyers at Slater, Kennon & Pugh LLP today to schedule a consultation.

Below is a look at this issue in general and one specific issue in particular as they relate to the probate code. Again, before attempting to handle this yourself, contact an Austin small estate lawyer at Slater, Kennon & Pugh LLP today.

Small Estates

Generally, an estate in Texas is considered small if its assets do not exceed $50,000. However, the issue doesn't end here, as that estate total cannot include any exempt property. In this situation, one can collect upon a small estate via affidavit is an option under the probate code in Texas, but it can only be done if the above requirement is met, no petition for the appointment of a personal representative is filed and at least 30 days have passed from the date of death.

Muniment of Title

This is an issue and an option that's unique to Texas. Basically, muniment of title occurs when the will is filed for a probate proceeding that's specifically meant to transfer ownership of real estate to the intended beneficiaries without a normally-required deed or the full probate process. One thing to remember is that in order for muniment of title to be an option, there must be a valid will in place.

If this seems complicated, that's because it often is. If you'd like more help in regards to these issues, contact an Austin small estates lawyer at Slater, Kennon & Pugh LLP today to schedule a consultation.