Stuck, Lost or Stolen Life Insurance Policy and Annuity Locator Lawyer Helps Texas Families Claim Lost Life Insurance Policies and Annuity Contracts by Texas Life Insurance Policy and Annuity Locator Lawyer Jason S. Coomer
Many Texas families, who have been able to obtain life insurance policies and annuity contracts, will lose their life insurance and annuities through failure to communicate essential information to heirs or beneficiaries and lack of understanding of probate, trust, and inheritance issues. As a Texas family inheritance lawyer, Jason Coomer works with family members throughout the World to protect, claim, and transfer life insurance policies, annuity contracts, investment accounts and bank accounts. As a life policy and annuity locator attorney, Jason Coomer helps families of deceased Texans locate lost life insurance and annuity contracts that were bought in the state. Executors, legal representatives, beneficiaries or members of the deceased person's immediate family may contact The Law Offices of Jason S. Coomer to seek assistance in locating and claiming a life insurance policy, annuity contract, investment account or bank account. The Law Offices of Jason S. Coomer is a Texas life policy and annuity locator law firm.
For questions regarding Texas inheritance law or locating a lost or stolen life policy, annuity contract, investment account or bank account, please feel free to send an e-mail message to Texas life insurance and annuity locator lawyer or use our contact form to submit an inquiry regarding a Texas life insurance policy or annuity contract.
Many Situations Can Cause a Texas Life Insurance Policy, Annuity Contract, Investment Accounts or Bank Account To Become Trapped After The Death of a Family Member
After a family member dies, their life insurance policies, annuity contracts, investment accounts and bank accounts can become stuck in the inheritance process and if proper action is not taken it can be lost to the State of Texas Unclaimed Property or the company may hold onto the property. These situations are especially common when the person dies without a Will, leaves no instructions as to what they want done with their assets after they die, and/or has no accurate inventory or accounting of their wealth. In these situations, Texas assets need to be transferred under Texas intestate law. As such, it is important to understand what Texas intestate law says on how the estate should be divided and how the life insurance policies, annuity contracts, investment accounts and bank accounts can be transferred.
In addition to the issue of intestate succession, there are also a number of other common situations that can cause inherited assets to become stuck. The first situation occurs when the family is unable to move forward with the probate process because of lack of resources. The second situation occurs when the family is unable to move forward with probate because of proximity issues. In other words, the heirs do not live in Texas or close to where their loved one died. In a third situation, family members can start fighting over their loved one's estate, life insurance policy, annuity contract, investment account or bank account. In a forth situation, there is not sufficient information to know the amount of or location of wealth that needs to be transferred. In other words, the family member that died or become incompetent did not do sufficient estate planning or communicate with their family members regarding their wealth. In all these situations, a Texas life insurance policy, annuity contract, investment account or bank account can become stuck for years or can even be lost. The Fifth situation occurs when a family member of a lost loved one is not aware that there are the beneficiary of a life insurance policy, annuity contract, investment account or bank account. Other times the loved one knows the life policy, annuity contract or account exists but they do not know how to determine who the decedent named as the beneficiary.
The Beneficiary Designation on a Texas Life Insurance Policy, Annuity Contract, Investment Account or Bank Account
Depending on the reason that caused a Texas life insurance policy, annuity contract, investment account or bank account to become stuck, the solution may be hiring a Texas life policy or annuity locator lawyer, attorney or law firm. In the situation where the surviving family cannot afford the probate process, a Texas inheritance lawyer or Texas life policy or annuity locator lawyer can sometimes work out a contingent contract or a hybrid contract where the lawyer will work to process a life policy, annuity or account claim allowing the heirs, beneficiaries, court costs, attorney's fees, and other expenses to be paid out of the stuch policy or account. In these situations, families can often prevent losing inherited wealth.
In the situation where the family lives outside of the State of Texas, a Texas real estate inheritance attorney can often be appointed the local agent for the administrator or executive and help with many of the tasks that need to be handled in administering the estate. This can greatly limit the need for the family to make numerous trips to Texas or the county where their loved one died and allow a busy family member to handle probate issues without a significant drain on their time.
In situations where the heirs and beneficiaries start fighting, it is often necessary for multiple Texas real estate inheritance lawyers to become involved. In these situations, it is typically best for each side to have their own legal counsel to advise them as to their rights under Texas law and if necessary to have legal counsel that can advocate for their rights. These contested probate lawsuits can be expensive, but can be necessary when someone is attempting to steal family inheritance or the family needs experienced legal help to settle a disputed probate matter and prevent the loss of inherited real estate in Texas.
What Is Inheritance?
Inheritance is the practice of passing on wealth or obligations upon the death of an individual. This allows parents to pass on land, businesses, stocks, jewelry, and other wealth to their children and people that they love. It is estimated that in the United States over $200 Billion each year passed down through inheritance to heirs and beneficiaries. Through Wills and intestate laws, Texas courts determine who are proper heirs and beneficiaries and allow tremendous amounts of wealth to be inherited each year. The amount of that will be passed through inheritance is expected to continue to increase in the next 20 years as Trillions of Dollars in wealth is passed on through inheritance.
Texas Unclaimed Wealth (Texas Life Insurance Policy, Annuity Contract, Investment Account or Bank Account)
The State of Texas is currently holding over $2 billion in assets in Texas Unclaimed Property. This property is entrusted to it from a variety of sources, including life insurance policies, annuity contracts, investment accounts or bank accounts. Claiming this property is not always easy as many of the people that originally owned or were entitled to this property have died or become incapacitated. As such, to claim the assets that belonged to these people, their families will need to go through probate before the heirs or beneficiaries can claim the assets. For more information, please see the following web page: Texas Unclaimed Property Inheritance Lawyer Helps Families Claim Lost Wealth.
Texas Texas Life Insurance Policy, Annuity Contract, Investment Account or Bank Account Locator Attorney Jason S. Coomer Works with Heirs and Families Throughout The World to Claim and Clear Title to Wealth
Texas Life Insurance Policy, Annuity Contract, Investment Account or Bank Account Lawyer and Texas Inheritance Lawyer, Jason Coomer works with heirs and families throughout the World to claim life insurance policies, annuity contracts, investment accounts and bank accounts. For questions on Texas Wealth Inheritance and claiming life insurance policies, annuity contracts, investment accounts and bank accounts, please feel free to send an e-mail message to Texas Life Insurance Policy and Annuity Contract Locator Lawyer, Jason S. Coomer or use our contact submission form.
The Law Offices of Jason S. Coomer
406 Sterzing, Second Floor
Austin, Texas 78704
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