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The post How to Avoid Probate in Texas appeared first on SmartReads by SmartAsset. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.
The Uniform Probate Code (commonly abbreviated UPC) is a uniform act drafted by National Conference of Commissioners on Uniform State Laws (NCCUSL) governing inheritance and the decedents' estates in the United States.
HB 3074 is the first reform effort to garner universal support from advocacy groups with 4 joint authors and 81 co-authors in the House of Representatives. It was unopposed in the House and Senate and was signed into law by Governor Greg Abbott. It was the first reform to the Texas Advance Directives Act since 2003. [13]
As the assets aren't considered a part of your estate, they sidestep the probate process. It also lets you continue to use assets transferred into the trust, such as property or investments you own.
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