Houston Probate Attorney Whitney L. Thompson Explains the Four Ways to Avoid Probate in Texas

December 01, 2022 at 16:59

Harris, Texas -

Houston probate attorney Whitney L. Thompson (https://www.wthompsonlaw.com/will-your-estate-go-to-your-family-4-ways-to-avoid-probate-in-texas/) releases a new article explaining the four ways to avoid probate in Texas. The lawyer mentions that the probate process can be a very long and confusing process. Usually, the last thing people want to do is to worry about whether the court is going to distribute their estate properly. This is the main reason why people often want to avoid probate.

“One of the benefits of owning property jointly is that when one of the owners passes away, the other doesn’t have to worry about that piece of property going to someone else after probate. The catch is that you have to have “rights of survivorship,” or else the property could be subject to a court decision,” the Houston probate attorney says.

Houston probate attorney

The lawyer explains that another way to avoid probate in Texas is create a bank account that has a payable-on-death designation. This means that account holders are able to control their money while they’re still alive and that it will not go through the probate process if they pass away.

Attorney Whitney L. Thompson also adds that having a real estate transfer on a death deed or beneficiary deeds can help avoid the probate process. Property owners may be able to revoke the deed or sell the property whenever they want while they are still alive because this type of deed only takes effect once the creator is deceased.

In the article, attorney Thompson says, “Living trusts are a great way to avoid probate in Texas. Nearly any sort of property can be protected by a trust, so it’s a great way for property owners to transfer houses, cars, bank accounts, and other valuable assets to their beneficiaries without getting the court involved. All you have to do is create the trust, name a successor trustee, and give yourself ownership of the property within the trust.”

Lastly, the lawyer emphasizes the importance of having a skilled probate attorney when dealing with matters involving the probate process. Having an experienced estate attorney may be able to help an individual understand their rights and help them prepare for the future of their loved ones.

About The Law Office of Whitney Thompson, PLLC

Attorney Whitney Thompson is an experienced family law attorney who helps clients deal with family law matters such as divorce or legal separation. Attorney Thompson also deals with guardianship, probate, and estate planning matters. As an experienced divorce lawyer, attorney Thompson and her legal team have helped families have a smoother divorce process and plan for their future more thoroughly. To schedule a consultation, call (281) 214-0173.

The Law Office of Whitney L. Thompson, PLLC

4201 Farm to Market 1960 Rd W Suite 219, Box #116B, Houston, TX 77068, United States

(281) 214-0173

###

For more information about The Law Office of Whitney L. Thompson, PLLC, contact the company here:

The Law Office of Whitney L. Thompson, PLLC
Whitney L. Thompson
+12812140173
info@wthompsonlaw.com
The Law Office of Whitney L. Thompson, PLLC
4201 Farm to Market 1960 Rd W Suite 320, Box #116B, Houston, TX 77068, United States

FacebookTwitterGoogleDiggRedditLinkedIn

Latest News

Stock Quotes for Arlington

Weather Forecast for Arlington