At first glance, it might seem impossible to probate the estate of someone who is missing and presumed dead. However, the Texas Estates Code provides for this very process under Title 2, Subtitle J, Chapter 454 entitled, “Administration of Estate of Person Presumed Dead.”
That chapter clearly states that a probate court has the required jurisdiction to determine the likelihood of a person’s death when specific steps are followed — even if the main evidence presented is entirely circumstantial. However, the Texas Estates Code was carefully drafted to prevent fraud by requiring a lengthy delay before the assets of these types of estates can be distributed. What are the main steps usually taken to probate the estate of a missing person?
How quickly can the estate be distributed? Section 454.004 of the Texas Estates Code clearly states that this can only be done after three years have passed since the date on which the letters testamentary were issued by the court to the personal representative. What personal liabilities can arise if the person presumed dead reappears after distribution? If the missing person returns and presents conclusive evidence that s/he was alive at the time the letters testamentary were granted, that individual has the legal right to regain control of the estate — whatever remains of the funds or property. However, this person who was presumed dead – yet has now reappeared – cannot get his/her property back that was sold for value to a bona fide purchaser. Instead, this person only has the right to the proceeds or funds obtained for the sale of the property to the bona fide purchaser. In addition, Section 454.052 states that the personal representative who handled all the legal sales transactions for the estate, not knowing that the missing person was actually alive, cannot be held liable for any financial losses suffered by that individual who has now returned. And any surety who issued a bond to that personal representative cannot be held liable for anything the personal representative did while complying with approved court-ordered activities. Should you need help probating any estate, please feel free to contact one of our Murray Lobb attorneys. We’ve had the opportunity to help many clients and can readily answer all your questions. CATEGORIESDOCUMENTS, ESTATE PLANNING, HOW TO, MURRAY LOBB, PREPARATIONS, PROBATE THE ESTATE, TEXAS LAWTAGS#ESTATEDISTRIBUTION, #HOUSTONATTORNEYS, #INVESTIGATE, #KNOWLEDGEISPOWER, #LEGALBLOG, #LEGALTIPS, #MISSINGPERSONSESTATE, #TEXAS, #TEXASESTATECODE, #TEXASLAW, #TEXASLAWYERS, #WHATHAPPENS, PROBATE CONTACT US
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