After the death of a spouse or other close loved one, the last thing on many Texas residents' minds is dealing with paperwork. Unfortunately, paperwork can play an important role in ensuring that a person's estate administration goes smoothly. Though it may seem difficult, having the right information in order could help individuals get through necessary legal proceedings in a timely manner.
First, the party who has been named executor of the estate needs to understand his or her responsibilities. There are many tasks that go along with settling an estate, and attending to these tasks effectively may help the process along. Hopefully, the decedent created an estate plan that details how he or she wanted their assets distributed. In the event that there is no plan, the court will distribute assets as state law dictates.
Executors will also need to handle the financial aspects of the estate. If the deceased individual was the spouse to the executor, this step could help the representative get his or her financial affairs in order as well. It may be necessary to transfer assets, close accounts and notify the necessary financial institutions of the death. Having the right documents with important financial information could help this step go more quickly.
Estate administration may seem intimidating, especially soon after a family member's passing. Luckily, Texas residents do not have to go through the legal process alone. Enlisting the assistance of experienced attorneys could help concerned individuals understand what documents may help them move forward with the probate process and how to complete the necessary tasks.
Source: marshallindependent.com, "Putting your financial affairs in order after the loss of a spouse", Randy Groff, Aug. 26, 2017