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- As in other states, the executor is usually a close relative of the deceased. Any person who is 18 or older, of sound mind, and without a criminal record, can be the executor. If the executor is not a Texas resident, they can still be executor, but they must appoint someone who lives in Texas to receive legal paperwork on behalf of the estate.
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May 6, 2023 · Step 1: Immediate Arrangements. Step 2: Determine Which Type of Estate Administration is Required. Step 3: First duties as a Personal Representative. Step 4: Secure decedent's assets. Step 5: Prepare Inventory, Appraisement and List of Claims of the Estate. Step 6: Settle All Debts and Address Tax Issues.
3 days ago · About This Guide. Many estates will go through the probate process after a person dies. This guide provides general information and resources about the probate law in Texas. Because the process can be complicated, it may be necessary to contact an attorney with specific questions.
An executor or administrator of an estate shall take care of estate property as a prudent person would take of that person's own property, and if any buildings belong to the estate, the executor or administrator shall keep those buildings in good repair, except for extraordinary casualties, unless directed by a court order not to do so.
May 15, 2023 · The role of an executor of an estate in Texas involves a complex blend of legal, financial, and ethical responsibilities. This comprehensive guide serves as your roadmap through the intricate duties that come with managing a deceased person’s estate, ensuring you fulfill your obligations with confidence and clarity.
- ( Attorney )
- 5 min
- Law Office of Bryan Fagan PLLC
Jul 25, 2023 · In some cases, the decedent will appoint an executor under his or her will. If there is no will or no executor is chosen under the will, the probate court will appoint an executor of the estate. In Texas, there is both dependent and independent estate administration.
- What Is the Executor’s Fiduciary Duty?When administering the estate, the executor has a fiduciary duty to the estate, heirs, and beneficiaries. Heirs are people related to the decedent...
- What Can an Executor Not Do?As an Executor, what you cannot do is go against the terms of the Will, Breach Fiduciary duty, fail to act, self-deal, embezzle, intentionally or u...
Every state has some rules about who may serve as the executor of an estate that goes through probate. Here are the requirements in Texas. Basic Requirements for Serving as a Texas Executor. Your executor must be: at least 18 years old, and. of sound mind—that is, not judged incapacitated by a court.
Formal probate can be either: independent estate administration, or. regular estate administration (also called "dependent" estate administration). Independent Administration. Most Texas wills direct the executor to pursue independent administration, because it's quicker, simpler, and less expensive.
