McKinney probate administration attorney

If you find yourself in the role of executor for someone's estate, you might have to handle probate administration. Probate is the legal process of transferring a deceased person's belongings to their beneficiaries and heirs. This process can be time-consuming and complex, but a McKinney attorney who specializes in probate administration, such as Janelle Cremé, can provide guidance.

Probate administration involves a number of steps, including filing legal documents with the court, identifying and evaluating the deceased's assets, paying off their outstanding debts and taxes, and distributing their assets to their beneficiaries and heirs in accordance with their will or intestacy laws.

One of the initial steps a McKinney probate administration lawyer will take is to determine if probate is required for the estate. In Texas, estates with a value of under $75,000 may not have to go through probate. Additionally, estates with assets that are jointly owned or have specified beneficiaries may also be exempt from probate.

If probate is necessary, the lawyer will prepare the requisite paperwork and collaborate with the executor to establish and evaluate the deceased's assets. This could include real estate, bank accounts, investments, personal belongings, and other assets. The lawyer will also assist the executor in paying off the deceased's outstanding debts and taxes, which could include medical bills, credit card debt, and income and estate taxes.

Once all debts and taxes have been settled, the lawyer will help the executor distribute the remaining assets to the beneficiaries and heirs of the deceased, according to their will or intestacy laws. If there is no will, Texas law specifies how the assets should be distributed, with priority given to the deceased person's spouse, children, parents, and other close relatives.

Throughout the probate administration process, a McKinney probate administration attorney like Janelle Cremé can provide guidance and support to the executor, helping them navigate the complicated legal and financial issues involved. They can also help ensure that the estate is distributed in a timely and efficient manner, so that the beneficiaries and heirs can begin to move forward after the loss of their loved one.

In addition to probate administration, Janelle Cremé and her team can provide a range of estate planning services to help individuals and families plan for the future. This could include creating wills, trusts, and other estate planning documents, as well as providing guidance on issues like asset protection, tax planning, and long-term care planning.

If you require probate administration services in McKinney, Texas, or if you would like to learn more about estate planning, get in touch with Janelle Cremé today. She and her team are committed to providing compassionate and effective legal representation to clients throughout the McKinney area.