What is Probate?
Probating is the legal process of transferring property following a person’s death. You’ll receive the letters of testamentary or letters of administration that you need in order to recover estate assets. It also helps you transfer title on real property. Probating customs and laws have changed over time, the purpose of probating has remained much the same: an individual formalizes their intentions as to the transfer of their property at the time of their death (typically through a Will), their property is collected, certain debts are paid from the estate and the property is distributed accordingly.
What are Letters of Testamentary?
Once a court appoints an executor or administrator, they will issue Letters of Testamentary or Letters of Administration. These can be used to collect assets from financial institutions such as banks, retirement accounts, mutual funds, etc. to show that the executor has court authority to collect assets on behalf of the estate.
The Law Office of Nicholas Abaza is your legal resource for Family Matters. We focus on probate administration, estate contests, will challenges, divorce and adoption. We offer flexible pricing and will promptly respond with concise information pertinent to your needs.
We have offices in Houston, West Columbia and San Antonio and have helped over 300 families handle their family matters. www.nickabaza.com