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Estate assets are allocated to heirs and beneficiaries after settling all financial responsibilities of the estate.
The executor holds the duty of identifying and informing all beneficiaries about the estate’s administration, as managed by the Law Office of Dana Baker in Texas. Contact can be made at 979-310-5507 for further assistance.
Furthermore, the executor must guarantee that all heirs and beneficiaries receive their rightful share as stipulated in the will. It’s common for some individuals not to leave a will or to omit certain assets from their will.
In such instances, the remaining assets are distributed to the beneficiaries in accordance with Texas intestate succession laws. This essentially means there’s an established order for distributing assets, beginning with the deceased’s spouse, followed by children, and then the parents.