Can Executor of Texas Estate Access Electronic Accounts?

Not easily, though help may be on the way.

Texas estate administration laws currently offer no direct method for Texas estate access to electronic accounts.  However, other lawmakers in other states understand the problem and are beginning to offer solutions.  For example, Connecticut lawmakers have ordered a study on how to offer executors and administrators online access to a decedent’s accounts.

Is executor access to online accounts really that important?

Yes, and the issue will become even more important in the future.  Frequently, I talk with executor clients who are stressed about the Texas probate process.  In truth, they need not worry about the probate court process; after all, that’s why they hired me.  What should be a concern for executor clients is finding everything and carrying out the executor’s duties.

Finding all of the assets can be overwhelming.  For that reason, I recommend that estate planning clients help their executors by writing a Letter of Instructions to the executor.  However, assuming you’re an executor who doesn’t have a letter of instructions, you’ll need all the help you can get to find and access the decedent’s assets.

Much of the information executors need is available online.  However, executors won’t be able to access these electronic accounts.  Estate executor clients ask me how to get access to that email account or online brokerage account; unfortunately, there simply is not a streamlined solution to this digital problem.

We can only hope that Texas law follows in the steps of other states and offers solutions for digital access.  There’s no arguing that the world is becoming increasingly digital.  Laws often lag behind real-world needs, so we’ll just have to wait for Texas estates law to catch up to 21st century digital needs.

 

 

To ask a legal question or get legal help in the Dallas area, use the online contact form to the right or call (214) 302-8197. If you prefer to meet at the office in person in Richardson, TX–great, the attorney will gladly offer a free consultation.

Visit www.ShuttLawFirm.com for more information on Dallas Probate Lawyer Isaac Shutt, Dallas County Probate or Collin County Probate, what steps to take if you are the executor in the will, contact Dallas, Texas Probate Attorney Isaac Shutt at ishutt@shuttlawfirm.com.

Shutt Law Firm’s office is conveniently located just north of Dallas, TX, near the intersection of highway 75 and Campbell Road in Richardson, TX.

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You can also call Mr. Shutt at (214) 302-8197 for more information on the topic discussed in this article or to discuss a different legal matter. For existing clients, quick phone-calls and brief e-mails are always free at Shutt Law Firm PLLC. Please consider the Shutt Law Firm if you need letters testamentary, how to serve as executor in Texas, how to probate in Dallas County Probate Courts or the Collin County Probate Court, a Texas Last Will and Testament, or you need a probate attorney in Dallas, Richardson, Plano, Allen, McKinney, Garland, Addison, TX, Collin County, or surrounding North Texas area.

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DISCLAIMER: Nothing in this brief article constitutes legal advice. The information provided herein is merely provided in the spirit of education. If you have a legal question, you should consult an attorney for your specific legal situation. Further, nothing in this article shall be construed to have started an attorney-client relationship. No such relationship exists until both you and attorney Isaac Shutt sign an engagement letter with the Shutt Law Firm, PLLC.

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