My great grandfather has property in Texas. Everyone else has passed own with the exception of my sisters and one brother. How can I find out if we are heirs to the property.
2007-02-11 17:53:56 · 5 answers · asked by Star 1 in Business & Finance ➔ Renting & Real Estate
Did he have a will? If he did, it would indicate who he wanted to inherit the property or how he wanted it divided. If he did not have a will, he is considered to have died 'intestate' and the estate will go into probate, an executor will be assigned, and the estate will be divided evenly among all the heirs. You might want to look into Texas laws regarding probate of inherited property.
2007-02-11 18:00:09 · answer #1 · answered by Piggiepants 7 · 0⤊ 0⤋
The only thing I can add is that you must make yourselves known,so you must contact and hire a probate attorney to represent the family.
Once probate is opened any other relatives must make themselves known also. There will be a publication published in a local paper about the estate, seeking relatives and creditors. You will probably not hear about this publication. But the law would have been satisfied and that is all that counts.
Each state just about have their own probate laws though they are similar, so you should hire one that is in the same state as the property.
The estate will eventually pay for the probate attorney and each state has set a limit on what the attorney can charge. So you will not have to come out of pocket for any expense. Talk to a local Texas probate attorney for additional advice.
You don't have to be there but it would be wise to make at least one visit there before the probate start so you can at least interview a couple of probate attorneys unless you can get a referral from someone there.
Do you know any of his neighbors or anyone in the city in which he stayed?
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-02-11 18:14:20 · answer #2 · answered by Skip 6 · 0⤊ 0⤋
What definitely everyone has mentioned!!! purely way is purchase out the valuables.... yet right here a fashion you may "purchase out" with none money down... i'm hoping I dont lose you... subject: - domicile desires considerable restore (heirs would or will possibly no longer word) - heirs won't provide up components for loose - 2 out 7 won't sign off answer: set up a have faith - and throw the valuables into that have faith, have a trustee is the owner of that have faith and supply all the heirs (or the two who wont sign off) advantageous activity on the valuables. ex. a million/8th = 12.5% **im rounding up - provide 15% each and each to the heirs** you maintain the 70% (all totals one hundred%) i'm guessing this components is loose and sparkling (no mortgage)... Now, you may easily "purchase out" the advantageous activity of the have faith!! Negoiate a money grant... could be a solid time provided that "components values are on a decline"... in the event that they nonetheless refuse then set up a lease contract with an option to purchase out of your 2 heirs ... 2-5 years down the line. this would provide them "some useful cashflow each and each month AND the flair pay off while the home is fixed up. additionally, via putting the valuables right into a have faith, this differences the IRS code from "genuine components" to "own components"... AND in case you have 10% or greater activity interior the have faith, you may write off any components taxes, whether you dont carry call...
2016-11-03 05:24:31 · answer #3 · answered by mosesjr 4 · 0⤊ 0⤋
I was the only heir that did not sign the independent administrator form and received a court citation.
2016-08-13 15:12:43 · answer #4 · answered by Catherine 1 · 0⤊ 0⤋
Check this site out!It helped me a lot while dealing with the same issues.
http://mortgage-loan.learnmagics.com
Hope it helps you too!
2007-02-11 22:13:13 · answer #5 · answered by rol3y2104 1 · 0⤊ 0⤋