An estate in Texas involves all of the assets owned by someone at the time of their death, this would include: cash, real estate, stocks, bonds, life insurance, retirement accounts, cars, etc.
The probate of someone’s estate refers to the process by which a Court recognizes that person’s death and authorizes the administration of that person’s estate. The probate process applies both when:
Someone dies leaving a Will or
When someone dies without a will (commonly referred to as Intestacy)
The Texas Probate Process requires that:
- All of that person’s property will be gathered
- Their debts paid
- The remaining assets distributed according to either the provision of his or her Will, or
- If they died without a Will, then the property will be distributed according to Texas law regarding intestacy (dying without a Will).