Articles

Disclaimer: Information in our articles are deemed reliable and for educational purposes. They are not a substitute for the advice of a licensed attorney.

Biden’s Tax Plan Proposal

Biden has proposed doing away with the step-up basis treatment which would create a large tax bill for heirs that receive assets through probate. In most cases, assets that passed to beneficiaries through a will, like a home or stocks, have gained in value since the deceased purchased them. These gains in value are called…

Inherited Properties and Tax Basis

Basis is the fair market value of the inherited property to figure gain or loss for tax purposes. Basis is commonly used to refer to the cost plus expenses of an investment. If you sell an asset for more than your basis you have a taxable gain. If you sell an asset for less than…

Protect Your Family From the Pitfalls of Probate

An ounce of prevention is worth a pound of cure. Hello my name is Albert, I’m one of the directors at ATX Probate Agent. This year has really taught me a lot about unpredictable life events. One of the things it’s taught me as I’ve helped many families going through probate is just how expensive…

Not All Assets Go Through Probate

Certain assets are not distributed during probate but are transferred through contracts. These assets are called the non-probate assets and transfer directly from the company or bank holding them to the beneficiary named in the account documents. Non-probate assets are those assets that pass according to a right of survivorship, pay-on-death (POD) or transfer-on-death (TOD)…

CPRES Certified Probate Real Estate Specialist

Certified Probate Real Estate Specialists are trained and certified on the process of marketing and selling real estate involved in the probate process. Probate is a court-supervised procedure and an often complicated series of steps that must be carefully monitored and managed for a successful outcome. A CPRES is your “go to” real estate professional for…

Hierarchy of Claims Against the Estate

A claim or any part of a claim for money against an estate may not be paid until the claim has been approved by the court or established by the judgment of a court of competent jurisdiction. Texas Estates Code defines “Claims” as the following, “(1) liabilities of a decedent that survive the decedent’s death,…

Austin Texas Probate Real Estate Sales

Full service concierge for Court Appointed Attorneys in probate sales of real estate (Travis and Williamson counties). We’re aware each attorney and law firm will value and appreciate a certain type of workflow from the Realtor on a probate case. To develop cohesion we like to begin with a discovery call to find out where…