LIVESTREAM: The Basics of Probate in Texas

[@patriotsamuraitexas]

Great video. Thank you!

[@strohmeyerlawpllc]

Glad you liked it!

[@randyklutts7786]

i am having trouble understanding family history #6 share of seperate real property and shared decedents community property

[@strohmeyerlawpllc]

The shares of the estate depend on the family structure for the decedent. If they had children and if all of those children were also the children of the surviving spouse. Setting out those shares based on the possible scenarios is beyond the scope for this video.

[@rhondajackson5837]

My father passed a year ago he didn’t have a will His wife has dementia her son is moving things around without consulting the other siblings

[@strohmeyerlawpllc]

I’m sorry to hear that. If her son is taking things he’s not entitled to, you’ll need to get your own advisor to protect yourself.

[@ChooseForToday]

What is considered a 'small' estate? Are medical debts inherited?

[@strohmeyerlawpllc]

In Texas, the limit is $75,000, after excluding exempt assets. The remaining debts must still be satisfied, so any heir receiving property will have to repay the debts. It may be possible to negotiate a lower amount of repayment. You’ll need to work with your own advisors on your particular circumstances.

[@ChooseForToday]

@@strohmeyerlawpllc Thank you--what generally qualifies as exempt assets?

[@strohmeyerlawpllc]

@@ChooseForToday Items such as a vehicle, home furnishings, tools, and livestock. Certain retirement accounts are also excluded. You'll need to work with your own advisor to determine which assets are exempted for your particular situation.