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Family Settlement Agreements In Probate
Family Settlement Agreements are arrangements decided upon by the heirs of an estate, agreeing upon the distribution of the estate. It is a valuable tool for families dealing with a will that doesn't really fit the situation or a probate dispute that could be resolved much more efficiently.
All heirs of the estate must come together to agree upon a solution and properly draft and prepare the agreement, with each individual signing the agreement. Once it has been filed with the court, this acts as a binding and enforceable contract. Probate court cannot rule against this, unless there are legal or administrative issues with the contract itself.
Family Settlement Agreements In Probate — Protecting Your Interests And Reaching Efficient Resolutions
At Law Office of Troy M. Moore, PLLC, we offer skilled guidance to beneficiaries and heirs involved in the creation of a family settlement agreement. We provide you with a clear understanding of all of your rights and options in the matter and the potential property and rights you are giving up by signing the agreement. Our attorneys work to ensure that your best interests are protected in these matters.
While it can be a positive tool to quickly resolve probate matters, there are certain dangers. For example, one heir can entirely derail the agreement by not signing off on the terms of the contract. In other instances, an heir might seek to manipulate the others into signing something that is not in their best interests and which they cannot fight once it has been filed. It is critical that you have knowledgeable representation on your side, reviewing the terms of the agreement and informing you of all rights and options you have before you sign.
The law also allows the heirs to draft an advance agreement to set forth how the estate will be divided later, should they want to take a different or less traditional approach. Again, all beneficiaries and heirs must agree.
To learn more about how our lawyers can assist you in understanding and creating Family Settlement Agreements, please contact our Houston, Texas, law firm today at 281-970-8039.
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Law Office of Troy M. Moore, PLLC, of Houston, Texas, provides representation throughout the metro area, including Houston, Cypress, Cy-Fair, The Woodlands, Spring, Katy, Tomball, Pinehurst, Magnolia, Waller, Harris County and all of Northwest Houston and North Houston.
12850 Jones Road, Suite 201
Houston, TX, 77070
Office (281) 970-8039