|
WILLS AND ESTATES
Please do not be so rude as to die without a
will in Texas. Your spouse, children, grandchildren, uncles, aunts and
cousins to the third-degree will curse you unto the seventh generation.
This is particularly true if you own real property and/or have
children.
- Wills executed in Texas can be relatively easy to
probate. If the will contains proper language appointing an
"independent executor" and contains "self-proving
affidavits" from 2 witnesses over the age of 14, then your estate
should be in an out of probate in a jiffy. If you do not have a will, or
it does not appoint an independent executor, or is not self-proving, in
that event THE LAWYERS WILL GET ALL THE MONEY!
- An independent executor need only make
application to the court for admission of the will to probate, and do an
inventory and appraisement. If no debt or taxes are due, the estate may
then be distributed to the devisees (devisee is a fancy lawyer word for
"heir"). Technically heirs and devisees are different, but you
will have to pay me to explain all that.
- Dependent Administration:
Where a will does not contain language appointing an
independent executor, the will may be admitted to probate, but every penny
spent and/or the court at a hearing must approve move made by the
administrator. This could get a tiny bit expensive.
- Self-Proving Affidavits:
If your will does not have a self-proving affidavit, it
will have to be proved up in court by the testimony of the witnesses to
the will. If your will was executed in Chicago and you move to Texas and
die without executing a new will or having it re-witnessed by Texas
witnesses, then your friends in Chicago will be slightly inconvenienced by
having to fly to Texas for a probate hearing (if they have survived you
and can be found). Obviously, another needless expense to the estate.
- Trusts:
Even if you leave all of your property to your spouse,
be sure to create a trust for your children. Then, if your spouse dies
before you do, your estate may be easily administered by the independent
executor and trustee for your children.
- Authority To Sell Real Estate:
Your will should give your independent executor the
express authority to sell and/or mortgage your real estate. If it does
not, and the executor attempts to sell the real estate, the transaction
will fall into a deep black hole. Many Texas probate courts will only
hear and approve sales, which take place in a dependent administration.
They consider that they do not have the authority to approve sales out of
an independent administration. Title insurance underwriters, however, are
of the opinion that unless the will specifically authorizes the executors
who sell real estate, that court approval must be obtained. Catch-22.
B. INTESTATE SUCCESSION (or who gets my stuff if I
die without a will?):
If you died prior to September 1, 1993, these rules do
not apply to you, as the laws changed on that date.
- COMMUNITY ESTATE:
a. The community estate passes entirely to the
surviving spouse if (i) there are no children or descendants of children
of the deceased or (ii) all of the surviving children and their
descendants are also children and descendants of the surviving
spouse.
b. If the deceased spouse has children from a prior
marriage, then the estate is divided in half. The surviving spouse takes
one-half and all children of the deceased spouse take the other
one-half.
      2. SEPARATE PROPERTY:
a. No surviving spouse:
- First to children and their descendants; if no
children or descendants, then to parents in equal portion. If only one or
no parents survive, then the estate is divided in half and passed one-half
to each surviving parent and one-half to be divided among brothers and
sisters and their descendants. If there are no brothers or sisters or
descendants, then the entire estate goes to the surviving father or
mother. If neither father nor mother survives, then the whole estate goes
to the brothers and sisters and their descendants. Going beyond this is
too confusing for me to understand, much less explain, IN FACT IM
NOT SURE I UNDERSTAND WHAT I JUST WROTE!
b. Surviving spouse:
- If the deceased has a child, the surviving spouse
takes one-third of the personal estate, and a life estate in one-third of
the lands of the deceased. The remainder goes to any children and/or
their descendants. If the deceased has no children or descendants of
children, then the surviving spouse takes all of the personal estate and
one-half of the lands. The other half of the lands passes according to
the rules of descent and distribution; however, if there is neither a
surviving mother or father or brothers or sisters or their descendants,
then the whole estate passes to the spouse. Got that?
C. There are numerous other rules applying to
intestate succession. As you can see, they are complicated and not always
clear. MAKE A WILL!
|