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#1
09-30-2003, 10:54 PM
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 Texas wills, inheritance, and probate question Jason Richardson wrote: - quote - > Texas probates are not nearly as bad as the horror
I can't speak for California or Oklahoma. But in most cases it's not> stories you hear from around the country (not nearly as bad as California, > Oklahoma, New York, Florida, etc.). difficult or complicated (or expensive) in New York, New Jersey or Florida. We do lots of them in Florida by mail from New York. Bruce Steiner, attorney NYC and Hackensack, NJ also admitted in FL |
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09-27-2003, 10:55 AM
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| Re: Texas wills, inheritance, and probate question "cal-lester" <cal-lester[at]comcast.net> wrote in message news:EnDcb.582048$uu5.95570[at]sccrnsc04... - quote - > > In his will, he stated that he wanted the 2 sons to get his (Dad's) > > 30% of the business, evenly divided tween the 2 of them. > > > The question: > > > Do the 2 sons get their respective percentage of the business > > immediately upon Dad's death, or must the will go through probate > > first? > > > Based upon the above, is there anything that we might need to know, or > > anything that we might be unaware of? > > > Thank you Lee Carkenord > It seems straight forward, each son would then own 35% > and MOM the remaining 30%. > Yes the Will MUST be probated in the local court. Unless > otherwise required by local LAW, any of the three could > take it to the courthouse, to file it, or you could go through > the expense of hiring an Attorney. > Cal Lester CLU Should be a relatively simple probate matter. Ask your lawyer if you are eligible to do a "Muniment of Title." This is a "short form" of probate that is quick (over in just a few weeks) and painless. There are some requirements, however, so find a lawyer in your area who does probate work and talk to him/her. Be sure to check the bylaws of the corporation, or any shareholder's agreement -- were there any buy/sell provisions in those documents? Sometimes there are..... Go see a probate lawyer. Texas probates are not nearly as bad as the horror stories you hear from around the country (not nearly as bad as California, Oklahoma, New York, Florida, etc.). Trust me - its worth the money to get professional help on this, as this should be a relatively cheap and easy process - standard disclaimer here, etc. ad nauseum. Good luck Jason Attorney, CPA Sherman, Texas I am not your lawyer, nor am I your accountant, etc..... |
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#-1
09-25-2003, 08:05 PM
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| Re: Texas wills, inheritance, and probate question - quote - > In his will, he stated that he wanted the 2 sons to get his (Dad's)
It seems straight forward, each son would then own 35%> 30% of the business, evenly divided tween the 2 of them. > The question: > Do the 2 sons get their respective percentage of the business > immediately upon Dad's death, or must the will go through probate > first? > Based upon the above, is there anything that we might need to know, or > anything that we might be unaware of? > Thank you Lee Carkenord and MOM the remaining 30%. Yes the Will MUST be probated in the local court. Unless otherwise required by local LAW, any of the three could take it to the courthouse, to file it, or you could go through the expense of hiring an Attorney. Cal Lester CLU -- If we aren't supposed to eat animals, why are they made with meat ? This signature file is generated by Pick-a-Tag ! Written by jeroen[at]vanbaarsel.net |
| Tags |
| inheritance, probate, question, texas, wills |
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