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Monday, September 4, 2017

Texas Inheritance Lawyers Help Families Transfer Wealth After the Death of a Family Member by Texas Inheritance Lawyer

Texas Inheritance Lawyers Help Families Transfer Wealth Including Real Property After the Death of a Family Member by Texas Inheritance Lawyer Jason S. Coomer

Inheritance is the practice of transferring wealth or obligations upon the death of an individual to another person or entity.  Inheritance allows people to transfer land, businesses, stocks, jewelry, and other wealth to people that they love and/or family members.  It is estimated that in the United States over $250 Billion each year is transferred or passed down through inheritance to heirs and beneficiaries.  Each state and country has their own laws regarding inheritance including testate and intestate laws.  Testate laws include inheritance through Wills, whereas intestate laws cover what happens to property when the decedent does not have a valid will.

Texas Inheritance Lawyers Can Help Make Sure Family Wealth Does Not Become Stuck or Get Taken After the Death of a Loved One 

After a family member dies, their real property or business can become stuck in the inheritance process and if proper action is not taken it can be lost to foreclosure, taxes, competitors, non-family members, or the State of Texas.  These situations are especially common when the person dies without a Will, leaves no instructions as to what they want done with their possessions after they die, and/or has no accurate inventory or accounting of their wealth.  In these situations, Texas real property and Texas businesses will need to be transferred under Texas intestate law.  As such, it is important to understand what Texas intestate law says on how the estate should be divided and how title to the real estate and ownership of the business can be transferred.

For more information on Texas Inheritance, please go to the following Web Pages: Texas Family Inheritance Lawyer, Austin Inherited House Lawyer and Austin Inherited Real Property Lawyer, and Texas Contingent Probate Lawyer.

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