FAMILY & ESTATE / ESTATE
Estate laws ensure a structured and fair process for handling Texas estates and provide guidance on matters such as inheritance, taxation, and asset allocation. The concept of an estate extends to all the tangible and intangible assets that a person owns at the time of their death. Texas estate laws provide the framework for how these assets are managed, distributed, and transferred to beneficiaries in accordance with the individual’s wishes or the state’s laws in cases where there is no valid will.
In Texas, what qualifies as an estate can encompass real estate properties, financial holdings, investments, personal possessions, vehicles, and other valuable items.