Denton County Estate Administration
Serving Denton County & Surrounding Areas
When a loved one passes away, his or her estate often has to go through a court-managed process called probate or estate administration where the assets are managed and distributed. This process is not necessary if your loved one possesed a well-drafted and properly funded living trust. In this case, the successor trustee instead of the court will administrate and distribute the deceased’s assets. In most other estate cases, however, probate is required and the length of time needed to complete the process depends on the size and complexity of the estate as well as the requirements and schedule of the local probate court.
Every probate estate is unique, but most involve the following steps:
- Filing of an application/petition with the proper probate court.
- Notice to beneficiaries under the Will or to statutory heirs (if no Will exists).
- Application to appoint Executor (in the case of a Will) or Administrator for the estate.
- Notice to Creditors published as required.
- Inventory and Appraisement of estate assets by Executor/Administrator may be required to be filed with the court.
- Payment of estate debts to rightful creditors.
- Sale of estate assets, if necessary.
- Payment of estate taxes, if applicable.
- Final distribution of assets to beneficiaries/heirs.
These probate steps can seem a daunting and complicated task especially after just losing a loved one. Texas offers several other probate options including Small Estate Affidavits and Muniment of Title applications. Each estate is unique and Gilland Chenault will partner with each client throughout the entire process to ensure that the best probate option is chosen and that the client needs are met. Contact our office today for a confidential consultation.