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BSPE Legal Marketing Podcast
BSPE Legal Marketing podcasts discuss legal issues. Entertainment only does not constitute legal advice.
BSPE Legal Marketing Podcast
How Long Can You Keep an Estate Open After Death? - Whitney Thompson
From The Law Office of Whitney L. Thompson, PLLC – The probate process in Texas can be complex, and leaving an estate open for too long can lead to serious financial and legal consequences. In this episode, we discuss How Long Can You Keep an Estate Open After Death? and explore key factors that affect estate administration. Whether handling a simple estate that may close in a few months or dealing with a complex estate that requires litigation, executors must navigate Texas probate courts, creditor claims, and estate tax obligations to ensure a smooth resolution. Failing to close an estate in a timely manner may result in asset devaluation, court delays, or legal liability for the executor.
Understanding the probate process is essential for beneficiaries and executors alike. The timeline begins with locating and submitting a will to the County Clerk, obtaining Letters Testamentary, and settling estate debts and liabilities before distributing assets. Issues like disputes among beneficiaries, complex asset valuation, and unresolved tax obligations can prolong probate, sometimes for years. If an estate remains open too long, creditors may have extended time to file claims, and in some cases, unclaimed assets may even revert to the State of Texas.
Leaving an estate open indefinitely can create unnecessary risks, including financial liability for executors, foreclosure on real estate, and probate litigation if heirs disagree on asset distribution. Statute of limitations for creditors plays a critical role, as failing to initiate probate could allow claims to be filed for up to two years instead of the standard four-month period. Additionally, special administrators may be appointed if an executor fails to act, potentially complicating estate administration further.
If you are managing an estate in Houston, working with a Houston probate attorney can help streamline the process, resolve disputes, and prevent unnecessary delays. The Law Office of Whitney L. Thompson, PLLC provides legal support to executors and beneficiaries navigating probate in Texas. Contact us today at (281) 214-0173 to discuss your case and ensure the estate is closed efficiently and in compliance with Texas law.
The Law Office of Whitney L. Thompson, PLLC
4201 FM 1960 Road West, Suite 360, Houston, TX 77068, United States
(281) 214-0173
https://www.google.com/maps?cid=9428708165305469162