Legal Articles

Nonprobate Transfers, Creditors, Probate

In light of the time, expense and general unpopularity of the probate process, nonprobate transfers are often implemented to circumvent  “traditional” estate administration (e.g., small estate affidavits, Letters Testamentary, Letters of Administration). A “nonprobate transfer” is when a transfer of property takes effect upon the death of the owner pursuant to a beneficiary designation. Section 461.005(7),…

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