Intestate Succession In Texas
Many people create an estate plan when they have an idea of what they want to do with their belongings and assets after they pass away. However, some procrastinate in estate planning. If they fail to act in time and die without a will, that means the intestate succession laws in Texas will take over and define what happens to their assets.
The probate process can become complex, but we can offer compassionate and knowledgeable legal guidance at Danielle M. Campbell, Attorney at Law, PLLC. We always put our clients first, which is why our attorneys offer free consultations and flat fees. For any issues regarding intestate succession in Texas, call our lawyers today.
What Is Intestate Succession?
Intestate succession in Texas is when state law determines what happens to a person’s assets when they do not have a valid will. When someone writes a will, they can choose any beneficiaries they would like. However, state law will clearly define who should inherit assets, including surviving spouses, adult children, parents or siblings.
How Are Assets Distributed During Intestate Succession In Texas?
State law lays out the percentages of assets that should go to specific beneficiaries if someone doesn’t have an estate plan:
Married With Children
Texas uses community property laws, so all marital property goes to the surviving spouse. For separate property, the surviving spouse may get a third, but the rest is equally divided among the children.
Married With No Children
The surviving spouse gets all of the community property. But when it comes to separate property, they only get half. Another quarter goes to the person’s father and another quarter to their mother if both parents are still living. If one or both parents have passed away, the assets go to the surviving siblings.
Widowed With Or Without Children
If someone’s spouse has already passed away, assets are equally divided among the surviving children. If they don’t have children, half of their assets go to each of their own parents. If their parents have passed away, assets pass to their siblings.
Call For A Consultation
Determining exactly how to categorize and divide assets can be complex. Give us a call at 839-895-7122 or reach out online to set up your free initial consultation.