Many Texas residents have worked hard to build the legacies that are their businesses. They may have had dreams of it being a family business or of simply passing it on to the next qualified person in order to keep it up and running. Whatever the case, including details about a business during estate planning is wise.
Settling a recently deceased individual's final affairs can be a difficult job for the executor of the Texas estate. Though the executor has many obligations to address during probate, other loved ones may simply be concerned with when he or she will distribute property from the remaining estate. Though this action does take place during probate proceedings, some accounts do not have to go through the process in order to be distributed.