Texas Personal Representative Information (Word) is a legal term used to describe the responsibilities of a person appointed to represent the estate of a deceased individual in Texas. This representative is usually a close family member or friend, or a professional like an attorney or CPA. The Personal Representative is responsible for gathering and safeguarding the assets of the deceased, filing all necessary paperwork, and then distributing the assets to the rightful heirs. There are two types of Texas Personal Representative Information (Word): testamentary and intestate. Testamentary Personal Representatives are appointed in accordance with the deceased’s last will and testament, while intestate Personal Representatives are appointed by the court. Both types of Personal Representatives are responsible for gathering and safeguarding the assets of the deceased, filing all necessary paperwork, and then distributing the assets to the rightful heirs.
Texas Personal Representative Information (Word)
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FAQ
Texas Estates Code Chapter 308 is the portion of Texas law that discusses the notice that the personal representative of a deceased person's estate must provide to beneficiaries and creditors of the estate.
Texas Estates Code Chapter 308.002 requires personal representatives to provide notice to every beneficiary that is named in the will 60 days after the date of an order admitting a will to probate.
Texas Estates Code 205.001 allows your beneficiaries to avoid probate if you leave no will and the value of the probate estate does not exceed $75,000. Those due to inherit under the Texas laws of intestate succession can prepare and present an affidavit to receive their inheritances.
Both an executor and an administrator are personal representatives appointed by the court to perform a specific duties on behalf of a deceased person's estate. Their job is to collect the assets of the estate, pay the debts of the deceased person, and distribute the remaining estate to the beneficiaries.
Texas Estates Code Section 304.003 - Persons Disqualified to Serve As Executor or Administrator.
The executor generally has three years after their appointment to distribute the remaining assets (after debts and disputes are resolved). The Texas probate process can be fairly simple in most cases.
308.054. PERMISSIVE NOTICE TO UNSECURED CREDITOR. (a) At any time before an estate administration is closed, a personal representative may give notice by certified or registered mail, return receipt requested, to an unsecured creditor who has a claim for money against the estate.
An estate may be exempt from the probate process in certain circumstances. Under Texas Estates Code, Title 2, Chapter 205, an estate need not pass through the probate process if there is no will and the total value of the estate (not counting any homestead real estate owned by the Decedent) is $75,000 or less.